CFO Capital Management LLC Decreases Holdings in Fortinet, Inc. $FTNT

CFO Capital Management LLC reduced its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 52.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,362 shares of the software maker’s stock after selling 4,831 shares during the quarter. CFO Capital Management LLC’s holdings in Fortinet were worth $356,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FTNT. Brighton Jones LLC raised its holdings in Fortinet by 2.2% during the fourth quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock worth $976,000 after purchasing an additional 221 shares in the last quarter. Bison Wealth LLC acquired a new position in shares of Fortinet in the 4th quarter valued at $585,000. HUB Investment Partners LLC boosted its holdings in shares of Fortinet by 29.1% in the 2nd quarter. HUB Investment Partners LLC now owns 5,299 shares of the software maker’s stock valued at $560,000 after buying an additional 1,193 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in shares of Fortinet in the 2nd quarter valued at $1,136,000. Finally, Quantinno Capital Management LP grew its position in shares of Fortinet by 27.4% in the 2nd quarter. Quantinno Capital Management LP now owns 144,989 shares of the software maker’s stock valued at $15,328,000 after buying an additional 31,202 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Fortinet Stock Performance

Shares of FTNT stock opened at $166.83 on Wednesday. The stock’s 50-day moving average price is $140.80 and its 200 day moving average price is $102.24. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $122.23 billion, a PE ratio of 64.41, a price-to-earnings-growth ratio of 4.37 and a beta of 1.09. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $167.27.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.20. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the firm earned $0.58 EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, equities research analysts forecast that Fortinet, Inc. will post 2.8 EPS for the current year.

Insider Transactions at Fortinet

In other Fortinet news, CEO Ken Xie sold 160,632 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $145.58, for a total value of $23,384,806.56. Following the transaction, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at approximately $7,711,717,915.76. The trade was a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,907 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $146.44, for a total transaction of $572,141.08. Following the transaction, the vice president owned 9,923,610 shares of the company’s stock, valued at approximately $1,453,213,448.40. The trade was a 0.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 318,387 shares of company stock worth $43,403,063 over the last 90 days. 17.60% of the stock is currently owned by insiders.

Trending Headlines about Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet announced new capabilities for its FortiEndpoint platform aimed at helping organizations securely adopt AI, protect sensitive data, improve risk visibility, and simplify operations, which reinforces the company’s product momentum. Fortinet Expands FortiEndpoint with New Capabilities for the AI Era
• Positive Sentiment: Fortinet is benefiting from a sector-wide cybersecurity rally, with peers such as Palo Alto Networks and Check Point also moving higher as investors react to IBM’s cybersecurity-related spending warning. PANW, FTNT, CHKP: Palo Alto, Fortinet, Check Point Gain as IBM Stock Plunges — Here’s Why
• Positive Sentiment: Barclays recently raised its price target on Fortinet to $170, signaling continued analyst confidence even though the firm kept an equal-weight rating. Read More
• Neutral Sentiment: Fortinet also appeared in a new “buy recommendation” note, adding to investor attention but without clear details in the headline provided. Fortinet (FTNT): New Buy Recommendation for This Technology Giant
• Neutral Sentiment: Recent trading has also shown Fortinet outperforming the broader market, suggesting momentum was already positive before today’s news flow. Fortinet (FTNT) Gains As Market Dips: What You Should Know

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $100.00 price target on shares of Fortinet in a research note on Thursday, May 7th. HSBC lowered Fortinet from a “hold” rating to a “reduce” rating and set a $102.00 price objective on the stock. in a report on Monday, June 29th. Cantor Fitzgerald reiterated a “neutral” rating and set a $87.00 target price on shares of Fortinet in a research report on Tuesday, April 21st. Zacks Research downgraded Fortinet from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Finally, Barclays upped their target price on Fortinet from $155.00 to $170.00 and gave the company an “equal weight” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $111.00.

Fortinet Company Profile

Fortinet, Inc (NASDAQ: FTNT) is a multinational cybersecurity company that develops and delivers integrated security solutions for enterprise, service provider and government customers worldwide. Founded in 2000 and headquartered in Sunnyvale, California, the company was co‑founded by Ken Xie and Michael Xie. Ken Xie serves as chairman and chief executive officer, and the company operates through a global sales, channel and services organization to support customers across the Americas, EMEA and Asia‑Pacific.

Fortinet’s product portfolio centers on network security appliances and software, with its FortiGate next‑generation firewalls and the FortiOS operating system forming a core platform.