Fortinet, Inc. (NASDAQ:FTNT - Get Free Report) VP Michael Xie sold 2,478 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $88.89, for a total value of $220,269.42. Following the completion of the sale, the vice president owned 9,927,517 shares in the company, valued at approximately $882,456,986.13. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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.
Fortinet Trading Up 0.8%
Shares of NASDAQ FTNT opened at $89.92 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. The business's 50 day moving average price is $82.03 and its 200-day moving average price is $81.76. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $108.77. The company has a market cap of $65.83 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 3.06 and a beta of 0.92.
Fortinet (NASDAQ:FTNT - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The company's revenue for the quarter was up 14.8% on a year-over-year basis. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. On average, sell-side analysts expect that Fortinet, Inc. will post 2.63 earnings per share for the current year.
Institutional Investors Weigh In On Fortinet
Several hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its position in shares of Fortinet by 5.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 136,249 shares of the software maker's stock worth $11,057,000 after purchasing an additional 6,478 shares during the period. Independent Financial Group LLC purchased a new position in shares of Fortinet in the 1st quarter valued at $3,937,000. Enterprise Financial Services Corp increased its holdings in shares of Fortinet by 4.1% in the 1st quarter. Enterprise Financial Services Corp now owns 16,756 shares of the software maker's stock valued at $1,369,000 after acquiring an additional 655 shares during the period. Prosperity Consulting Group LLC purchased a new position in shares of Fortinet in the 1st quarter valued at $220,000. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Fortinet in the 1st quarter valued at $24,228,000. Hedge funds and other institutional investors own 83.71% of the company's stock.
Analysts Set New Price Targets
FTNT has been the topic of several recent analyst reports. Barclays set a $88.00 price target on Fortinet in a report on Tuesday, February 3rd. UBS Group reissued a "neutral" rating and issued a $90.00 price objective on shares of Fortinet in a research note on Friday, February 6th. Arete Research set a $104.00 price objective on Fortinet and gave the stock a "buy" rating in a research note on Monday, April 27th. Stifel Nicolaus set a $85.00 price objective on Fortinet in a research note on Wednesday, March 11th. Finally, Robert W. Baird set a $90.00 price objective on Fortinet in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-one have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $88.38.
View Our Latest Stock Analysis on FTNT
Trending Headlines about Fortinet
Here are the key news stories impacting Fortinet this week:
- Positive Sentiment: BMO Capital Markets raised its price target to $100 and kept a market‑perform view, which supports near‑term upside expectations and may attract buy-side interest. BMO Capital Markets Issues Positive Forecast for Fortinet (NASDAQ:FTNT) Stock Price
- Positive Sentiment: Investors appear to be positioning ahead of Fortinet’s Q1 earnings and responding to recent company security updates (FortiGuard report, WEF participation), which has driven momentum and contributed to higher intraday flows. Fortinet jumps 3% as investors position for upcoming earnings and recent security-focused updates
- Positive Sentiment: Strength in the cyber security sector (e.g., CrowdStrike’s recent strong run tied to AI-driven demand) is a positive tailwind for Fortinet’s valuation and demand narrative. CrowdStrike Stock Rises 19% in 3 Months: Time to Hold or Book Profits?
- Neutral Sentiment: CEO Ken Xie sold 5,355 shares and VP Michael Xie sold 2,478 shares under pre‑arranged Rule 10b5‑1 plans to cover tax withholding on vested awards — these filings are expected and not an operational red flag, but may be interpreted by some as insider liquidity. SEC Form 4 — Ken Xie sale disclosure
- Neutral Sentiment: Several earnings previews and analyst notes frame Q1 as steady growth with strong SASE momentum but macro risks, so Q1 results/guidance will be the immediate catalyst. Fortinet Set to Report Q1 Earnings: What's in Store for the Stock?
- Negative Sentiment: Institutional portfolio moves show notable trimming by large holders (e.g., UBS, Morgan Stanley reductions) and a mix of analyst downgrades/low price targets remain in the background, which could limit upside if earnings disappoint. Fortinet jumps 3% as investors position for upcoming earnings and recent security-focused updates
About Fortinet
(
Get Free Report)
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.
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