ORBA Wealth Advisors L.L.C. Sells 4,456 Shares of Fortinet, Inc. $FTNT

ORBA Wealth Advisors L.L.C. trimmed its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 22.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,742 shares of the software maker’s stock after selling 4,456 shares during the quarter. Fortinet comprises approximately 1.1% of ORBA Wealth Advisors L.L.C.’s investment portfolio, making the stock its 28th biggest position. ORBA Wealth Advisors L.L.C.’s holdings in Fortinet were worth $1,250,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cornerstone Wealth Management LLC bought a new position in Fortinet in the 4th quarter valued at about $232,000. Pinnacle Associates Ltd. bought a new stake in shares of Fortinet during the fourth quarter worth approximately $472,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Fortinet by 230.3% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,375 shares of the software maker’s stock valued at $193,000 after purchasing an additional 1,656 shares during the last quarter. Catalyst Financial Partners LLC increased its stake in shares of Fortinet by 16.9% during the fourth quarter. Catalyst Financial Partners LLC now owns 5,870 shares of the software maker’s stock worth $466,000 after purchasing an additional 847 shares during the period. Finally, Knuff & Co LLC increased its stake in shares of Fortinet by 0.3% during the fourth quarter. Knuff & Co LLC now owns 105,300 shares of the software maker’s stock worth $8,330,000 after purchasing an additional 325 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet is getting a boost from the market’s reaction to its strong first-quarter results, with articles highlighting that the company beat expectations and is benefiting from AI-related cybersecurity demand. Fortinet Stock’s Momentum Score Skyrockets As AI-Driven Q1 Beat Ignites Rally
• Positive Sentiment: NVIDIA announced a secure enterprise AI initiative with Fortinet, including the FortiAIGate security gateway, which could strengthen Fortinet’s positioning in AI security and support the stock. NVIDIA Targets Secure Enterprise AI Scale With Fortinet And Red Hat Partnerships
• Positive Sentiment: Broader market strength in technology shares and resilient economic data also helped sentiment toward Fortinet and other software/cybersecurity names. Stocks Settle Higher on Strong Tech Earnings and Economic Resilience
• Neutral Sentiment: Fortinet’s COO John Whittle appeared in a fireside chat, but the event appears informational rather than a major new business catalyst. REPLAY: Fireside Chat with Fortinet COO John Whittle
• Neutral Sentiment: Recent commentary has also focused on Fortinet’s long-term stock performance and valuation, reinforcing investor interest but not adding a fresh fundamental trigger. $100 Invested In Fortinet 10 Years Ago Would Be Worth This Much Today

Fortinet Price Performance

Shares of NASDAQ FTNT opened at $121.86 on Friday. The business has a fifty day moving average price of $86.71 and a two-hundred day moving average price of $83.10. The stock has a market capitalization of $89.28 billion, a PE ratio of 47.05, a P/E/G ratio of 3.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.07. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $121.97.

Fortinet (NASDAQ:FTNT) last released 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 analyst estimates of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.Fortinet’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm posted $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. As a group, equities analysts predict that Fortinet, Inc. will post 2.65 earnings per share for the current fiscal year.

Insider Activity

In other Fortinet news, VP Michael Xie sold 2,478 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $88.89, for a total value of $220,269.42. Following the transaction, the vice president directly owned 9,927,517 shares of the company’s stock, valued at $882,456,986.13. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a 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, CEO Ken Xie sold 5,355 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 52,978,004 shares of the company’s stock, valued at $4,709,744,555.60. The trade was a 0.01% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 17.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Sanford C. Bernstein restated a “market perform” rating and issued a $83.00 price target on shares of Fortinet in a research note on Friday, February 6th. Wells Fargo & Company reissued an “underweight” rating and set a $70.00 target price (up from $64.00) on shares of Fortinet in a report on Thursday, May 7th. UBS Group boosted their target price on shares of Fortinet from $90.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Susquehanna upped their price target on shares of Fortinet from $90.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Barclays set a $115.00 price objective on shares of Fortinet and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-three have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Fortinet presently has an average rating of “Hold” and a consensus price target 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.