4,302 Shares in Fortinet, Inc. $FTNT Bought by Sapient Capital LLC

Sapient Capital LLC purchased a new stake in Fortinet, Inc. (NASDAQ:FTNT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,302 shares of the software maker’s stock, valued at approximately $352,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Physician Wealth Advisors Inc. lifted its stake in shares of Fortinet by 408.3% in the first quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock valued at $25,000 after buying an additional 245 shares in the last quarter. Wexford Capital LP bought a new stake in shares of Fortinet during the third quarter worth about $25,000. Elyxium Wealth LLC bought a new stake in shares of Fortinet during the fourth quarter worth about $27,000. Palisade Asset Management LLC bought a new stake in shares of Fortinet during the third quarter worth about $28,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Fortinet in the 4th quarter worth about $29,000. Institutional investors own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FTNT. DZ Bank cut shares of Fortinet from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. UBS Group reissued a “neutral” rating and set a $180.00 price objective on shares of Fortinet in a report on Thursday, July 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $190.00 price objective on shares of Fortinet in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on Fortinet from $73.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Finally, Wells Fargo & Company set a $135.00 target price on Fortinet and gave the company an “underweight” rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $150.91.

Fortinet News Summary

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Raised guidance and strong results support the bull case. Fortinet reported second-quarter revenue of approximately $2.05 billion, up 25.6% year over year, while earnings exceeded analyst expectations. Management raised full-year 2026 revenue guidance to $8.02 billion-$8.18 billion and projected third-quarter revenue of $2.01 billion-$2.10 billion. Fortinet Is Up 8.8% After Raising 2026 Revenue Guidance and Launching New AI-Focused Firewall
• Positive Sentiment: AI product launch adds a growth catalyst. The new FortiGate 1200G series with FortiSASE Outpost targets high-performance, AI-focused and sovereignty-sensitive security deployments across hybrid environments, strengthening Fortinet’s positioning in an expanding cybersecurity market.
• Positive Sentiment: Growth-focused commentary remains favorable. Zacks and related market coverage characterize Fortinet as a highly ranked growth stock, citing above-average financial growth and the potential for continued market outperformance. Why Growth Investors Should Buy Fortinet Now
• Neutral Sentiment: Insider selling appears administrative rather than bearish. CEO Ken Xie sold 161,482 shares, while VP Michael Xie sold 3,121 shares. Both transactions were made under pre-arranged Rule 10b5-1 plans to cover tax withholding tied to vested equity awards. The sales represented only 0.30% and 0.03% of their respective holdings.
• Negative Sentiment: Valuation and execution risks could limit upside. Baird reaffirmed a Hold rating and $165 price target, citing margin and balance-sheet concerns. With the stock trading near its 52-week high and at a high earnings multiple, investors may be sensitive to any slowdown in growth or profitability. Fortinet Margin and Balance-Sheet Risks Cap Upside

Fortinet Trading Up 3.1%

Shares of FTNT stock opened at $168.29 on Wednesday. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $170.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.28. The company has a 50-day simple moving average of $151.77 and a two-hundred day simple moving average of $110.55. The company has a market capitalization of $123.48 billion, a price-to-earnings ratio of 59.26, a PEG ratio of 3.18 and a beta of 1.07.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data on Wednesday, July 29th. The software maker reported $0.90 EPS for the quarter, beating the consensus estimate of $0.75 by $0.15. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the business posted $0.64 EPS. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. Research analysts anticipate that Fortinet, Inc. will post 2.97 EPS for the current fiscal year.

Insider Activity at Fortinet

In other Fortinet news, COO John Whittle sold 146,015 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $128.41, for a total value of $18,749,786.15. Following the transaction, the chief operating officer owned 94,724 shares of the company’s stock, valued at approximately $12,163,508.84. The trade was a 60.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael Xie sold 3,121 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $162.63, for a total value of $507,568.23. Following the completion of the transaction, the vice president owned 9,918,360 shares of the company’s stock, valued at $1,613,022,886.80. This trade represents a 0.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 475,157 shares of company stock valued at $69,480,964. 17.60% of the stock is owned by insiders.

Fortinet 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.