Trilogy Capital Inc. Raises Stake in Fortinet, Inc. $FTNT

Trilogy Capital Inc. lifted its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 7.3% during the second quarter, HoldingsChannel.com reports. The firm owned 53,572 shares of the software maker’s stock after purchasing an additional 3,667 shares during the period. Trilogy Capital Inc.’s holdings in Fortinet were worth $8,230,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Fortinet in the fourth quarter valued at about $1,152,917,000. Arrowstreet Capital Limited Partnership grew its position in Fortinet by 87.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 9,651,024 shares of the software maker’s stock worth $788,682,000 after buying an additional 4,500,194 shares during the period. First Trust Advisors LP increased its holdings in Fortinet by 45.5% in the first quarter. First Trust Advisors LP now owns 11,506,173 shares of the software maker’s stock valued at $940,284,000 after buying an additional 3,598,487 shares in the last quarter. Van ECK Associates Corp increased its holdings in Fortinet by 38.9% in the fourth quarter. Van ECK Associates Corp now owns 7,730,954 shares of the software maker’s stock valued at $613,915,000 after buying an additional 2,166,396 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Fortinet by 76.2% during the 4th quarter. AQR Capital Management LLC now owns 4,109,016 shares of the software maker’s stock valued at $326,297,000 after acquiring an additional 1,777,115 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Royal Bank Of Canada set a $185.00 price target on Fortinet and gave the stock a “sector perform” rating in a research note on Thursday. Compass Point set a $100.00 price objective on Fortinet in a report on Monday, May 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $190.00 target price on shares of Fortinet in a research report on Thursday. BMO Capital Markets raised their price target on Fortinet from $170.00 to $185.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Finally, Zacks Research upgraded shares of Fortinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Fortinet has a consensus rating of “Hold” and an average price target of $150.91.

Fortinet Price Performance

Shares of NASDAQ:FTNT opened at $163.21 on Tuesday. 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 business’s fifty day moving average price is $151.09 and its two-hundred day moving average price is $109.91. The stock has a market cap of $119.75 billion, a PE ratio of 57.47, a price-to-earnings-growth ratio of 3.93 and a beta of 1.07. Fortinet, Inc. has a one year low of $70.12 and a one year high of $170.35.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings data on Wednesday, July 29th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.15. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.89 billion. Fortinet had a return on equity of 191.54% and a net margin of 28.17%.The business’s revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 earnings per share. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. On average, analysts forecast that Fortinet, Inc. will post 2.82 EPS for the current fiscal year.

Insider Buying and Selling at Fortinet

In other Fortinet news, COO John Whittle sold 146,015 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $128.41, for a total value of $18,749,786.15. Following the transaction, the chief operating officer directly owned 94,724 shares in the company, valued at approximately $12,163,508.84. This represents a 60.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael Xie sold 3,907 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $146.44, for a total transaction of $572,141.08. Following the sale, the vice president directly owned 9,923,610 shares in the company, valued at $1,453,213,448.40. This represents a 0.04% 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. In the last ninety days, insiders have sold 310,554 shares of company stock worth $42,706,734. Corporate insiders own 17.60% of the company’s stock.

About Fortinet

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.