West Family Investments Inc. Takes Position in Fortinet, Inc. $FTNT

West Family Investments Inc. acquired a new stake in shares of Fortinet, Inc. (NASDAQ:FTNT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,731 shares of the software maker’s stock, valued at approximately $727,000.

Several other large investors also recently bought and sold shares of the business. Elevation Wealth Partners LLC raised its position in Fortinet by 53.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 215 shares of the software maker’s stock worth $33,000 after buying an additional 75 shares during the last quarter. Florida Financial Advisors LLC boosted its holdings in shares of Fortinet by 3.0% during the 1st quarter. Florida Financial Advisors LLC now owns 3,780 shares of the software maker’s stock valued at $309,000 after acquiring an additional 109 shares during the last quarter. Optimist Retirement Group LLC boosted its holdings in shares of Fortinet by 2.5% during the 4th quarter. Optimist Retirement Group LLC now owns 5,010 shares of the software maker’s stock valued at $398,000 after acquiring an additional 122 shares during the last quarter. GW&K Investment Management LLC grew its stake in shares of Fortinet by 31.4% in the fourth quarter. GW&K Investment Management LLC now owns 515 shares of the software maker’s stock worth $41,000 after acquiring an additional 123 shares during the period. Finally, Delta Investment Management LLC grew its stake in shares of Fortinet by 2.4% in the fourth quarter. Delta Investment Management LLC now owns 5,250 shares of the software maker’s stock worth $417,000 after acquiring an additional 125 shares during the period. 83.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FTNT. Bank of America restated a “buy” rating on shares of Fortinet in a research report on Monday, July 27th. HSBC lowered shares of Fortinet from a “hold” rating to a “reduce” rating and set a $102.00 target price for the company. in a research note on Monday, June 29th. HC Wainwright reissued a “buy” rating on shares of Fortinet in a report on Thursday, July 30th. Compass Point set a $100.00 price target on Fortinet in a research note on Monday, May 4th. Finally, Wolfe Research set a $175.00 price objective on Fortinet in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eighteen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Fortinet presently has an average rating of “Hold” and an average price target of $150.91.

Fortinet Stock Performance

Shares of NASDAQ FTNT opened at $152.85 on Thursday. The firm has a 50 day moving average of $155.98 and a 200 day moving average of $116.87. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $112.15 billion, a price-to-earnings ratio of 53.82, a price-to-earnings-growth ratio of 3.00 and a beta of 1.07. Fortinet, Inc. has a 12-month low of $73.55 and a 12-month high of $172.09.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings results on Wednesday, July 29th. The software maker reported $0.90 earnings per share for the quarter, topping 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 business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the firm earned $0.64 earnings per share. The company’s quarterly revenue 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. On average, research analysts anticipate that Fortinet, Inc. will post 3.05 earnings per share for the current year.

Insider Buying and Selling at Fortinet

In related news, VP Michael Xie sold 3,121 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $162.63, for a total value of $507,568.23. Following the transaction, the vice president directly owned 9,918,360 shares of the company’s stock, valued at approximately $1,613,022,886.80. This trade represents a 0.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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, 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 transaction, the chief executive officer directly owned 52,972,372 shares in the company, valued at approximately $8,616,486,029.52. This represents a 0.30% 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 sold a total of 329,142 shares of company stock valued at $50,731,178 over the last 90 days. 17.60% of the stock is currently owned by company 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.