Fortinet, Inc. $FTNT Shares Bought by Inspire Investing LLC

Inspire Investing LLC boosted its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 14.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 111,215 shares of the software maker’s stock after buying an additional 13,631 shares during the quarter. Fortinet makes up about 0.8% of Inspire Investing LLC’s holdings, making the stock its 16th biggest holding. Inspire Investing LLC’s holdings in Fortinet were worth $8,832,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FTNT. Pinnacle Holdings LLC acquired a new stake in Fortinet during the third quarter worth $25,000. Ameriflex Group Inc. purchased a new position in shares of Fortinet during the third quarter worth $25,000. Wexford Capital LP acquired a new stake in shares of Fortinet in the third quarter valued at $25,000. Elyxium Wealth LLC acquired a new stake in shares of Fortinet in the fourth quarter valued at $27,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of Fortinet in the third quarter valued at $28,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FTNT shares. BMO Capital Markets lifted their price objective on Fortinet from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $107.00 price objective (up from $90.00) on shares of Fortinet in a research note on Thursday, May 7th. TD Cowen reaffirmed a “buy” rating and issued a $160.00 price objective (up from $125.00) on shares of Fortinet in a research note on Monday, June 8th. Robert W. Baird set a $115.00 price objective on Fortinet in a research note on Thursday, May 7th. Finally, Weiss Ratings raised Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $107.77.

Fortinet Trading Down 2.0%

FTNT opened at $144.14 on Thursday. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $150.07. The stock has a market capitalization of $105.60 billion, a price-to-earnings ratio of 55.65, a PEG ratio of 4.02 and a beta of 1.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.07. The business has a fifty day moving average price of $113.67 and a 200 day moving average price of $92.56.

Fortinet (NASDAQ:FTNT) last released its earnings results on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.62 by $0.20. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the firm posted $0.58 EPS. Fortinet’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. Sell-side analysts expect that Fortinet, Inc. will post 2.78 earnings per share for the current fiscal year.

More Fortinet News

Here are the key news stories impacting Fortinet this week:

• Negative Sentiment: Researchers said a sweeping hack campaign compromised Fortinet devices at prominent organizations, adding fresh scrutiny to the company’s security posture. Researcher report on hack campaign
• Negative Sentiment: Cybercriminals allegedly compromised tens of thousands of Fortinet firewalls and VPNs used by major companies, reinforcing fears of active exploitation and creating near-term overhang on the stock. TechCrunch hack report
• Negative Sentiment: Market commentary said FTNT is sliding as investors react to renewed vulnerability headlines and profit-taking after a recent run-up, suggesting some traders are locking in gains. Quiver Quant analysis

Insider Buying and Selling

In other Fortinet news, COO John Whittle sold 146,015 shares of Fortinet stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the completion of the sale, the chief operating officer directly owned 94,724 shares of the company’s stock, valued at $12,163,508.84. The trade was a 60.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ken Xie sold 160,632 shares of Fortinet stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $145.58, for a total value of $23,384,806.56. Following the sale, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at $7,711,717,915.76. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 318,387 shares of company stock valued at $43,403,063 in the last three months. 17.60% of the stock is owned by corporate insiders.

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.