4,279 Shares in Fortinet, Inc. $FTNT Acquired by Partners Wealth Management LLC

Partners Wealth Management LLC acquired a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,279 shares of the software maker’s stock, valued at approximately $765,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTNT. Puff Wealth Management LLC grew its holdings in Fortinet by 3.4% in the 3rd quarter. Puff Wealth Management LLC now owns 1,660 shares of the software maker’s stock valued at $297,000 after buying an additional 54 shares in the last quarter. Columbus Macro LLC raised its holdings in shares of Fortinet by 1.9% during the 3rd quarter. Columbus Macro LLC now owns 2,981 shares of the software maker’s stock worth $533,000 after acquiring an additional 55 shares during the period. Signaturefd LLC raised its holdings in shares of Fortinet by 0.3% during the 3rd quarter. Signaturefd LLC now owns 19,581 shares of the software maker’s stock worth $3,500,000 after acquiring an additional 59 shares during the period. Hutchens & Kramer Investment Management Group LLC boosted its position in shares of Fortinet by 1.9% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 3,525 shares of the software maker’s stock valued at $630,000 after acquiring an additional 66 shares during the last quarter. Finally, Kintegral Advisory LLC boosted its position in shares of Fortinet by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 12,648 shares of the software maker’s stock valued at $2,261,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Price Performance

NASDAQ:FTNT opened at $136.08 on Friday. Fortinet, Inc. has a 52 week low of $73.55 and a 52 week high of $197.13. The stock’s fifty day moving average is $171.34 and its two-hundred day moving average is $128.28. The company has a market capitalization of $99.84 billion, a P/E ratio of 44.18, a P/E/G ratio of 2.59 and a beta of 1.03. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 0.22.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings results on Wednesday, October 28th. The software maker reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Fortinet had a return on equity of 152.72% and a net margin of 28.96%. The company’s revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. Equities analysts expect that Fortinet, Inc. will post 3.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FTNT shares. Wedbush reissued a “neutral” rating and issued a $140.00 price objective (down from $155.00) on shares of Fortinet in a report on Thursday. Stephens lifted their target price on shares of Fortinet from $160.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Scotiabank reduced their target price on shares of Fortinet from $163.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Thursday. Morgan Stanley reiterated a “positive” rating and issued a $136.00 target price (up from $133.00) on shares of Fortinet in a report on Thursday, July 30th. Finally, Robert W. Baird set a $165.00 price target on shares of Fortinet and gave the company a “neutral” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty-four have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $147.94.

Fortinet News Roundup

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet reported third-quarter revenue of approximately $2.08 billion, up 20.5% year over year, and adjusted EPS of $0.91, exceeding consensus estimates. Billings increased 29%, while operating margins reached a record. Fortinet Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised full-year 2026 guidance to $8.1 billion-$8.2 billion in revenue and $3.54-$3.58 in EPS. Fourth-quarter EPS guidance of $0.93-$0.95 also exceeds the consensus estimate of $0.86. Fortinet Raises Guidance
• Positive Sentiment: The board authorized an additional $1.2 billion in share repurchases, and quarterly free cash flow was approximately $865 million. Analysts at TD Cowen, Rosenblatt and Truist retained bullish ratings despite lowering their price targets. Fortinet Adds to Buyback Program
• Neutral Sentiment: Fortinet is technically oversold after a sharp multi-week decline, while rising earnings estimates could support a rebound. However, the technical signal does not resolve concerns about the company’s growth mix. Fortinet May See a Trend Reversal
• Negative Sentiment: Service revenue grew only 13%, versus 37% growth in product revenue. Investors are concerned that hardware sales tied to AI infrastructure are not converting into recurring services quickly enough, reducing near-term revenue visibility. The Real Reason Fortinet Dropped
• Negative Sentiment: Management lowered its services outlook, while fourth-quarter revenue guidance implies growth deceleration from the third quarter. Normalizing pricing benefits, higher inventory costs and longer component lead times added to investor concerns.
• Negative Sentiment: Wells Fargo cut its price target to $115 and assigned an underweight rating; Susquehanna lowered its target to $145 and rated the shares neutral. Other firms, including Bank of America, Citi, Barclays and Scotiabank, also reduced targets or ratings. Analysts Cut Fortinet Forecasts
• Negative Sentiment: The broader technology and cybersecurity sell-off is amplifying the reaction, despite a major cryptocurrency hack highlighting demand for digital security. Investors are also questioning whether Fortinet’s premium valuation remains justified as growth slows.

Insider Activity at Fortinet

In other Fortinet news, 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 transaction, the chief operating officer owned 96,987 shares of the company’s stock, valued at $16,365,586.38. This represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,121 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $162.63, for a total transaction of $507,568.23. Following the transaction, the vice president directly owned 9,918,360 shares of the company’s stock, valued at approximately $1,613,022,886.80. This trade represents a 0.03% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 221,303 shares of company stock worth $36,164,034. Company insiders own 17.60% of the company’s stock.

Fortinet Company Profile

Fortinet, Inc develops cybersecurity products and services designed to protect networks, endpoints, applications, cloud environments and operational technology systems. The company’s portfolio includes next-generation firewalls, secure networking products, endpoint security, web application security, email security, identity and access solutions, and security information and event management tools.

Its product offerings include FortiGate network security appliances and cloud-based firewalls, along with FortiSwitch, FortiAP and FortiExtender solutions for secure connectivity.