NFSG Corp Grows Position in Fortinet, Inc. $FTNT

NFSG Corp increased its position in Fortinet, Inc. (NASDAQ:FTNT) by 200.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,959 shares of the software maker’s stock after purchasing an additional 3,309 shares during the period. NFSG Corp’s holdings in Fortinet were worth $405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Optimist Retirement Group LLC lifted its position in 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 period. PDS Planning Inc lifted its holdings in shares of Fortinet by 3.1% during the fourth quarter. PDS Planning Inc now owns 4,110 shares of the software maker’s stock valued at $326,000 after purchasing an additional 123 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of Fortinet by 31.4% in the 4th 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% in the 4th quarter. Delta Investment Management LLC now owns 5,250 shares of the software maker’s stock worth $417,000 after buying an additional 125 shares during the last quarter. Finally, Personal CFO Solutions LLC increased its position in Fortinet by 5.0% during the 1st quarter. Personal CFO Solutions LLC now owns 2,670 shares of the software maker’s stock valued at $218,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Buying and Selling

In other news, VP Michael Xie sold 3,907 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total transaction of $572,141.08. Following the completion of the sale, the vice president owned 9,923,610 shares of the company’s stock, valued at $1,453,213,448.40. This represents a 0.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $145.58, for a total transaction of $23,384,806.56. Following the completion of the transaction, the chief executive officer owned 52,972,372 shares in the company, valued at $7,711,717,915.76. This trade represents a 0.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 318,387 shares of company stock valued at $43,403,063 over the last 90 days. Company insiders own 17.60% of the company’s stock.

Fortinet News Roundup

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet was upgraded to Zacks Rank #1 (Strong Buy), reflecting improving earnings expectations and boosting investor sentiment around the stock. Article Title
• Positive Sentiment: Fortinet expanded FortiEndpoint with new AI-era security capabilities, which should help the company capitalize on rising demand for tools that protect AI adoption, data, and endpoints. Article Title
• Positive Sentiment: Fortinet named TD SYNNEX as an approved global distributor and delivery partner, potentially widening its reach and improving channel execution. Article Title
• Positive Sentiment: Multiple market notes highlighted Fortinet as a beneficiary of the broader cybersecurity rally, driven by AI infrastructure spending, heightened cyber threats, and stronger demand for enterprise security. Article Title
• Neutral Sentiment: Commentary comparing Palo Alto Networks and Fortinet in AI cybersecurity underscored that FTNT remains a major player in the theme, but also raised valuation questions about how much upside is already priced in. Article Title
• Neutral Sentiment: Several articles framed Fortinet as a long-term winner in cybersecurity and AI, but these pieces were largely thematic rather than pointing to an immediate fundamental change. Article Title
• Negative Sentiment: One valuation-focused piece argued Fortinet may be trading at a premium despite its AI security growth, which could limit upside if investors become more cautious about price versus fundamentals. Article Title

Fortinet Stock Down 1.4%

FTNT opened at $164.51 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average price of $142.29 and a 200-day moving average price of $102.83. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $170.35. The stock has a market capitalization of $120.53 billion, a price-to-earnings ratio of 63.52, a PEG ratio of 4.54 and a beta of 1.09.

Fortinet (NASDAQ:FTNT) last issued its earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.20. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company posted $0.58 earnings per share. 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 2.8 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FTNT shares. Piper Sandler increased their target price on Fortinet from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Zacks Research downgraded shares of Fortinet from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $70.00 target price (up from $64.00) on shares of Fortinet in a report on Thursday, May 7th. BMO Capital Markets upped their target price on shares of Fortinet from $95.00 to $100.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $107.00 price target (up from $90.00) on shares of Fortinet in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Fortinet currently has an average rating of “Hold” and a consensus price target of $112.26.

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.