Versor Investments LP Buys 10,300 Shares of Fortinet, Inc. $FTNT

Versor Investments LP lifted its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 127.1% during the 4th quarter, HoldingsChannel reports. The firm owned 18,402 shares of the software maker’s stock after acquiring an additional 10,300 shares during the period. Versor Investments LP’s holdings in Fortinet were worth $1,461,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FTNT. PDS Planning Inc boosted its position in 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 buying an additional 123 shares during the period. Delta Investment Management LLC boosted its position in Fortinet by 2.4% during 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 period. Fiduciary Trust Co boosted its position in Fortinet by 1.2% during the 3rd quarter. Fiduciary Trust Co now owns 10,823 shares of the software maker’s stock worth $910,000 after buying an additional 130 shares during the period. Meeder Asset Management Inc. boosted its position in Fortinet by 40.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 481 shares of the software maker’s stock worth $40,000 after buying an additional 139 shares during the period. Finally, Optimist Retirement Group LLC boosted its position in Fortinet by 2.9% during the 3rd quarter. Optimist Retirement Group LLC now owns 4,888 shares of the software maker’s stock worth $411,000 after buying an additional 140 shares during the period. 83.71% of the stock is owned by institutional investors.

Fortinet Stock Up 1.2%

Shares of NASDAQ FTNT opened at $115.44 on Tuesday. The company has a market capitalization of $84.51 billion, a P/E ratio of 44.57, a price-to-earnings-growth ratio of 3.29 and a beta of 0.92. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $115.49. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.15. The company’s 50 day moving average price is $84.43 and its 200-day moving average price is $82.40.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.20. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.73 billion. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 EPS. 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 analysts forecast that Fortinet, Inc. will post 2.64 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Ken Xie sold 5,355 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $88.90, for a total transaction of $476,059.50. Following the transaction, the chief executive officer owned 52,978,004 shares in the company, valued at $4,709,744,555.60. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, VP Michael Xie sold 2,478 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $88.89, for a total transaction of $220,269.42. Following the transaction, the vice president owned 9,927,517 shares in the company, valued at $882,456,986.13. The trade was a 0.02% 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. 17.60% of the stock is owned by insiders.

Key Stories Impacting Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: BTIG highlighted Fortinet as a potential winner from rising post-quantum cryptography spending, which could open a new growth opportunity for cybersecurity vendors. BTIG Names Fortinet and Cloudflare as Potential Winners from Rising Post-Quantum Spending
• Positive Sentiment: Multiple articles described Fortinet as a growth stock and part of the AI/security investment theme, which may be improving sentiment around future demand. Fortinet (FTNT) is a Top-Ranked Growth Stock: Should You Buy?
• Positive Sentiment: Fortinet was also described as hitting a fresh 52-week high, signaling strong momentum and investor confidence in the stock’s fundamentals. Fortinet, Inc. (FTNT) Hits Fresh High: Is There Still Room to Run?
• Positive Sentiment: Analyst note flow was constructive, including a reported price-target increase and a bullish forecast from Citigroup, adding support to the recent move. Fortinet (NASDAQ:FTNT) Price Target Raised to $110.00
• Neutral Sentiment: One short-interest update showed no meaningful change in reported short interest, so it does not appear to be a major driver of the stock’s move.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FTNT shares. Wedbush reiterated an “outperform” rating and set a $90.00 target price on shares of Fortinet in a research report on Friday, February 6th. Susquehanna lifted their target price on shares of Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday. Compass Point set a $100.00 target price on shares of Fortinet in a research report on Monday, May 4th. Wells Fargo & Company reiterated an “underweight” rating and set a $70.00 target price (up from $64.00) on shares of Fortinet in a research report on Thursday. Finally, Stephens set a $115.00 price target on shares of Fortinet and gave the stock an “equal weight” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-three have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $100.45.

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.