Fortinet, Inc. $FTNT Stock Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC lowered its position in Fortinet, Inc. (NASDAQ:FTNT) by 89.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,465 shares of the software maker’s stock after selling 84,283 shares during the quarter. Curated Wealth Partners LLC’s holdings in Fortinet were worth $1,692,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Transamerica Financial Advisors LLC purchased a new stake in Fortinet during the 2nd quarter worth $492,000. Wealth Enhancement Trust Services Inc. grew its stake in Fortinet by 83.8% during the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 22,326 shares of the software maker’s stock worth $3,991,000 after buying an additional 10,180 shares during the last quarter. QRG Capital Management Inc. grew its position in Fortinet by 21.4% in the 1st quarter. QRG Capital Management Inc. now owns 75,491 shares of the software maker’s stock worth $6,169,000 after purchasing an additional 13,294 shares during the last quarter. Vista Investment Partners LLC increased its holdings in shares of Fortinet by 53.1% during the second quarter. Vista Investment Partners LLC now owns 49,058 shares of the software maker’s stock valued at $7,537,000 after purchasing an additional 17,018 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Fortinet by 35.5% during the third quarter. Farther Finance Advisors LLC now owns 32,402 shares of the software maker’s stock worth $5,792,000 after purchasing an additional 8,488 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Activity

In other Fortinet news, CEO Ken Xie sold 161,482 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $162.66, for a total value of $26,266,662.12. Following the transaction, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at approximately $8,616,486,029.52. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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. Also, COO John Whittle sold 2,835 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $168.74, for a total value of $478,377.90. Following the completion of the sale, the chief operating officer directly owned 96,987 shares of the company’s stock, valued at approximately $16,365,586.38. This trade represents a 2.84% 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. Over the last ninety days, insiders sold 221,303 shares of company stock worth $36,164,034. 17.60% of the stock is owned by corporate insiders.

Fortinet Price Performance

Shares of FTNT traded down $2.71 during mid-day trading on Thursday, reaching $181.34. The company had a trading volume of 1,380,564 shares, compared to its average volume of 5,823,960. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.28 and a quick ratio of 1.19. The company has a market capitalization of $133.06 billion, a P/E ratio of 63.85, a P/E/G ratio of 3.56 and a beta of 1.03. Fortinet, Inc. has a twelve month low of $73.55 and a twelve month high of $197.13. The company’s 50-day moving average is $168.70 and its 200-day moving average is $141.93.

Fortinet (NASDAQ:FTNT) last issued its earnings results on Wednesday, July 29th. The software maker reported $0.90 EPS for the quarter, beating the consensus estimate of $0.75 by $0.15. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.89 billion. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 EPS. 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, equities analysts anticipate that Fortinet, Inc. will post 3.10 EPS for the current year.

Key Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet shares have benefited from expectations for upcoming earnings, with the company scheduled to report results on October 28. The stock’s recent earnings history—including stronger-than-expected revenue and EPS—has supported investor optimism. Fortinet Shares Jump with Earnings on Horizon
• Positive Sentiment: Fortinet’s expanded global partnership with Atos is intended to provide unified cybersecurity across hybrid- and multi-cloud environments. The broader engagement could improve enterprise distribution and support future service revenue. Atos expands partnership with Fortinet
• Positive Sentiment: Analysts and financial commentators continue to highlight Fortinet’s SASE growth, rising service revenue, AI-enabled security products and comparatively lower valuation versus Cloudflare, reinforcing the long-term growth narrative. NET vs. FTNT
• Neutral Sentiment: Fortinet’s participation at GovWare 2026 is drawing attention to its AI security and next-generation network-protection offerings, though the event itself does not guarantee near-term revenue growth. Fortinet’s AI Security Push and GovWare 2026 Spotlight
• Negative Sentiment: Wells Fargo raised its Fortinet price target to $160 from $135 but maintained an “underweight” rating. The new target remains below the recent trading level, signaling that the analyst views the stock as overvalued despite improving expectations.
• Negative Sentiment: A report that OpenAI may acquire a cybersecurity startup has pressured cybersecurity-sector shares, including Fortinet, by raising fears of a well-funded new competitor and greater competition for security spending. OpenAI Cybersecurity Deal Impacts Sector
• Negative Sentiment: Valuation remains a risk: Fortinet trades at a high earnings multiple after a strong rally, leaving the stock vulnerable to profit-taking or disappointment if upcoming results and guidance do not exceed elevated expectations. Fortinet Could Be Overvalued

Analysts Set New Price Targets

Several research firms have recently weighed in on FTNT. Mizuho set a $160.00 price objective on Fortinet in a research note on Thursday. Susquehanna increased their price objective on Fortinet from $115.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Zacks Research raised Fortinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Citigroup lifted their price target on shares of Fortinet from $165.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Finally, Wells Fargo & Company boosted their price objective on Fortinet from $135.00 to $160.00 and gave the stock an “underweight” rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $159.09.

Fortinet Company Profile

Fortinet, Inc develops and provides cybersecurity products and services for businesses, governments, and service providers. The company’s portfolio is designed to protect networks, endpoints, applications, cloud environments, and operational technology from cyber threats.

Its offerings include FortiGate next-generation firewalls, FortiSwitch secure networking switches, FortiAP wireless access points, FortiClient endpoint security, and FortiSASE secure access service edge solutions. Fortinet also provides centralized management and analytics through products such as FortiManager and FortiAnalyzer, along with security operations, threat intelligence, and other subscription-based services through its FortiGuard portfolio.

Founded in 2000, Fortinet serves customers globally through direct sales, channel partners, and managed security service providers.