Fortinet, Inc. $FTNT Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its position in Fortinet, Inc. (NASDAQ:FTNT) by 43.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,655 shares of the software maker’s stock after acquiring an additional 4,726 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Fortinet were worth $1,279,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTNT. Optimist Retirement Group LLC raised its holdings in shares of Fortinet by 2.5% in the 4th quarter. Optimist Retirement Group LLC now owns 5,010 shares of the software maker’s stock valued at $398,000 after purchasing an additional 122 shares in the last quarter. PDS Planning Inc lifted its position in shares of Fortinet by 3.1% during the 4th quarter. PDS Planning Inc now owns 4,110 shares of the software maker’s stock worth $326,000 after purchasing an additional 123 shares during the last quarter. GW&K Investment Management LLC grew its stake in shares of Fortinet by 31.4% during the fourth quarter. GW&K Investment Management LLC now owns 515 shares of the software maker’s stock worth $41,000 after purchasing an additional 123 shares in the last quarter. Delta Investment Management LLC grew its stake in shares of Fortinet by 2.4% during the fourth quarter. Delta Investment Management LLC now owns 5,250 shares of the software maker’s stock worth $417,000 after purchasing an additional 125 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its holdings in Fortinet by 2.0% in the fourth quarter. Catalyst Capital Advisors LLC now owns 6,459 shares of the software maker’s stock valued at $513,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Trending Headlines about Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Bernstein upgraded Fortinet to Hold, adding to a recent wave of analyst attention that can help support sentiment around the stock. Fortinet (FTNT) Gets a Hold from Bernstein
• Positive Sentiment: Articles highlighting Fortinet’s FortiGate expansion, cloud platform growth, and the raised 2026 guidance suggest investors remain focused on execution and growth potential. Is Fortinet Stock Attractive With FortiGate and Cloud Platform Growth?
• Positive Sentiment: Liquid Networx expanded Fortinet licensing and professional services through AWS and Azure Marketplace, which could broaden Fortinet’s reach in cloud channels and support adoption. Liquid Networx Expands Fortinet Security Offerings via AWS and Azure Marketplace
• Neutral Sentiment: Several recent pieces note that Fortinet has outperformed the market and that analysts are revisiting the stock after its strong earnings and raised guidance, reinforcing momentum but not changing the story materially. Why Fortinet (FTNT) Outpaced the Stock Market Today
• Negative Sentiment: A new sell recommendation for Fortinet adds a bearish counterpoint and may be weighing on shares despite otherwise constructive news flow. Fortinet (FTNT): New Sell Recommendation for This Technology Giant

Fortinet Stock Down 1.2%

Shares of NASDAQ FTNT opened at $153.62 on Wednesday. The business has a 50-day moving average price of $125.92 and a 200 day moving average price of $96.71. The stock has a market cap of $112.55 billion, a PE ratio of 59.31, a price-to-earnings-growth ratio of 4.25 and a beta of 1.11. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $159.07.

Fortinet (NASDAQ:FTNT) last released its quarterly 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 company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The firm’s revenue was up 20.1% compared to the same quarter last year. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Equities research analysts forecast that Fortinet, Inc. will post 2.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FTNT has been the topic of a number of analyst reports. Piper Sandler raised their price target on Fortinet from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Stifel Nicolaus set a $85.00 price objective on Fortinet in a report on Wednesday, March 11th. Mizuho raised their target price on Fortinet from $70.00 to $86.00 and gave the stock an “underperform” rating in a research report on Thursday, May 7th. Cantor Fitzgerald restated a “neutral” rating and set a $87.00 target price on shares of Fortinet in a research note on Tuesday, April 21st. Finally, BMO Capital Markets upped their price target on Fortinet from $95.00 to $100.00 and gave the company a “market perform” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Fortinet has a consensus rating of “Hold” and a consensus price target of $107.58.

Insider Activity

In other news, VP Michael Xie sold 3,907 shares of Fortinet stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total value of $572,141.08. Following the transaction, the vice president directly owned 9,923,610 shares of the company’s stock, valued at $1,453,213,448.40. The trade was a 0.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ken Xie sold 160,632 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $145.58, for a total transaction of $23,384,806.56. Following the completion of the sale, the chief executive officer owned 52,972,372 shares of the company’s stock, valued at approximately $7,711,717,915.76. This trade represents a 0.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 318,387 shares of company stock valued at $43,403,063 in the last ninety days. 17.60% of the stock is currently owned by company 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.