RFG Advisory LLC Sells 7,525 Shares of Fortinet, Inc. $FTNT

RFG Advisory LLC lowered its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 28.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,048 shares of the software maker’s stock after selling 7,525 shares during the period. RFG Advisory LLC’s holdings in Fortinet were worth $1,602,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LSV Asset Management bought a new position in Fortinet during the 2nd quarter worth about $25,000. Financial Consulate Inc. purchased a new stake in shares of Fortinet in the 3rd quarter worth approximately $25,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Fortinet during the third quarter valued at approximately $25,000. Quaker Wealth Management LLC boosted its stake in shares of Fortinet by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 363 shares of the software maker’s stock valued at $38,000 after purchasing an additional 726 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Fortinet during the second quarter valued at approximately $40,000. 83.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Michael Xie sold 343,106 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $27,935,690.52. Following the transaction, the vice president directly owned 10,210,282 shares of the company’s stock, valued at approximately $831,321,160.44. This represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ken Xie sold 175,737 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $14,308,506.54. Following the completion of the transaction, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. The trade was a 0.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 17.20% of the company’s stock.

Fortinet Trading Up 2.7%

Shares of NASDAQ:FTNT opened at $87.82 on Thursday. The business’s 50-day moving average is $80.60 and its 200 day moving average is $82.34. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $114.82. The firm has a market capitalization of $65.31 billion, a P/E ratio of 36.14, a P/E/G ratio of 2.95 and a beta of 1.06.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. 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, research analysts predict that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FTNT. Wedbush restated an “outperform” rating and set a $90.00 target price on shares of Fortinet in a report on Friday, February 6th. Mizuho boosted their price target on Fortinet from $72.00 to $74.00 and gave the stock an “underperform” rating in a research report on Friday, February 6th. UBS Group reaffirmed a “neutral” rating and set a $90.00 price objective on shares of Fortinet in a research report on Friday, February 6th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $90.00 target price (up previously from $85.00) on shares of Fortinet in a research note on Friday, February 6th. Finally, Morgan Stanley reissued an “underweight” rating and set a $70.00 price target (up from $66.00) on shares of Fortinet in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Fortinet currently has an average rating of “Hold” and an average price target of $89.07.

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.