Fortinet, Inc. $FTNT Stock Holdings Raised by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. grew its position in Fortinet, Inc. (NASDAQ:FTNT) by 291.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,480 shares of the software maker’s stock after acquiring an additional 4,081 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Fortinet were worth $940,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SYM FINANCIAL Corp raised its holdings in shares of Fortinet by 18.5% in the third quarter. SYM FINANCIAL Corp now owns 5,051 shares of the software maker’s stock valued at $903,000 after buying an additional 790 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Fortinet during the third quarter worth about $248,000. DMC Group LLC boosted its stake in shares of Fortinet by 1.7% during the third quarter. DMC Group LLC now owns 12,619 shares of the software maker’s stock worth $2,256,000 after buying an additional 206 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of Fortinet by 13.6% during the third quarter. Oppenheimer & Co. Inc. now owns 52,599 shares of the software maker’s stock worth $9,403,000 after buying an additional 6,311 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of Fortinet by 18.2% during the third quarter. Park Avenue Securities LLC now owns 22,430 shares of the software maker’s stock worth $4,010,000 after buying an additional 3,455 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

Fortinet Price Performance

NASDAQ FTNT opened at $185.00 on Wednesday. Fortinet, Inc. has a 52-week low of $73.55 and a 52-week high of $197.13. The firm has a 50-day moving average price of $171.59 and a 200 day moving average price of $127.21.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Wednesday, July 29th. The software maker reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.15. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the firm posted $0.64 EPS. Fortinet’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, analysts predict that Fortinet, Inc. will post 3.10 EPS for the current year.

Insider Buying and Selling

In other Fortinet news, CEO Ken Xie sold 161,482 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $162.66, for a total value of $26,266,662.12. Following the completion of the sale, the chief executive officer owned 52,972,372 shares of the company’s stock, valued at approximately $8,616,486,029.52. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Also, VP Michael Xie sold 3,121 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $162.63, for a total transaction of $507,568.23. Following the transaction, the vice president directly owned 9,918,360 shares in the company, valued at approximately $1,613,022,886.80. This trade represents a 0.03% decrease in their ownership of the stock. 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. Insiders have sold 221,303 shares of company stock valued at $36,164,034 over the last quarter. Company insiders own 17.60% of the company’s stock.

Key Headlines Impacting Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet launched the FortiGuard Inline AI Security Service, a cloud-delivered add-on for FortiGate customers that provides AI-specific threat inspection, data-protection controls and guardrails. The service could create additional recurring revenue from Fortinet’s large installed base and strengthen its position in the growing AI-cybersecurity market. Fortinet Expands AI Security with the FortiGuard Inline AI Security Service
• Positive Sentiment: The company also introduced FortiLink SASE Service to secure small branches and distributed facilities without requiring an on-site firewall. The offering expands Fortinet’s unified SASE strategy and may support demand for cloud-delivered security and centralized management. Fortinet Expands Unified SASE to Simplify Microbranch Security
• Positive Sentiment: Atos expanded its long-running partnership with Fortinet into a global engagement covering managed cybersecurity, consulting and hybrid- and multicloud integration. The broader relationship could improve enterprise distribution and service adoption, particularly for Fortinet’s AI-security portfolio. What Fortinet’s Atos Partnership Expansion Means for Shareholders
• Positive Sentiment: Third-quarter earnings estimate revisions are trending upward, with investors citing strong SASE firewall demand, AI-security expansion and share repurchases ahead of the report. Fortinet’s latest quarter also showed revenue growth and earnings above consensus, supporting the bullish momentum narrative. Fortinet Q3 2026 Earnings Preview

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FTNT. Rosenblatt Securities boosted their price target on Fortinet from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Fortinet in a research note on Monday. Piper Sandler reiterated a “neutral” rating and issued a $175.00 target price (up from $110.00) on shares of Fortinet in a research note on Thursday, July 30th. JPMorgan Chase & Co. boosted their target price on Fortinet from $118.00 to $140.00 and gave the company an “underweight” rating in a report on Friday, October 23rd. Finally, Capital One Financial upped their price target on Fortinet from $150.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, Fortinet currently has a consensus rating of “Hold” and a consensus price target of $162.36.

Fortinet Company Profile

Fortinet, Inc develops cybersecurity products and services designed to protect networks, endpoints, applications, cloud environments and operational technology systems. The company’s portfolio includes next-generation firewalls, secure networking products, endpoint security, web application security, email security, identity and access solutions, and security information and event management tools.

Its product offerings include FortiGate network security appliances and cloud-based firewalls, along with FortiSwitch, FortiAP and FortiExtender solutions for secure connectivity.