5,519 Shares of Fortinet, Inc. $FTNT Acquired by Founders Financial Securities LLC

Founders Financial Securities LLC acquired a new stake in shares of Fortinet, Inc. (NASDAQ:FTNT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,519 shares of the software maker’s stock, valued at approximately $987,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FTNT. Puff Wealth Management LLC lifted its position 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 acquiring an additional 54 shares in the last quarter. Columbus Macro LLC raised its position in Fortinet by 1.9% in the 3rd quarter. Columbus Macro LLC now owns 2,981 shares of the software maker’s stock worth $533,000 after buying an additional 55 shares during the last quarter. Signaturefd LLC boosted 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 valued at $3,500,000 after acquiring an additional 59 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC boosted its holdings 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 grew its stake in shares of Fortinet by 0.6% in the third quarter. Kintegral Advisory LLC now owns 12,648 shares of the software maker’s stock worth $2,261,000 after acquiring an additional 71 shares during the period. Institutional investors own 83.71% of the company’s stock.

Insider Buying and Selling

In related news, COO John Whittle sold 53,865 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $165.44, for a total transaction of $8,911,425.60. Following the completion of the transaction, the chief operating officer owned 96,987 shares in the company, valued at approximately $16,045,529.28. This represents a 35.71% 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 this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,121 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were 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 $1,613,022,886.80. The trade was a 0.03% decrease in their ownership of the stock. 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 three months, insiders have sold 221,303 shares of company stock valued at $36,164,034. Corporate insiders own 17.60% of the company’s stock.

Fortinet Trading Down 2.2%

Shares of Fortinet stock opened at $136.08 on Friday. Fortinet, Inc. has a fifty-two week low of $73.55 and a fifty-two week high of $197.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.40. The company has a market capitalization of $99.84 billion, a P/E ratio of 44.18, a P/E/G ratio of 2.53 and a beta of 1.03. The company has a fifty day moving average of $171.34 and a 200 day moving average of $128.28.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Wednesday, October 28th. The software maker reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Fortinet had a return on equity of 152.72% and a net margin of 28.96%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the firm earned $0.74 earnings per share. The business’s quarterly revenue was up 20.5% on a year-over-year basis. On average, sell-side analysts anticipate that Fortinet, Inc. will post 3.19 earnings per share for the current fiscal year.

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.

Analyst Upgrades and Downgrades

FTNT has been the subject of a number of research reports. Guggenheim reiterated a “buy” rating on shares of Fortinet in a research note on Thursday. Daiwa Securities Group raised their target price on Fortinet from $115.00 to $165.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Stifel Nicolaus reduced their target price on shares of Fortinet from $175.00 to $140.00 and set a “hold” rating for the company in a report on Thursday. HC Wainwright reiterated a “buy” rating on shares of Fortinet in a research note on Thursday, July 30th. Finally, Barclays lowered their target price on Fortinet from $210.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty-four have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $147.94.

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.