8,131 Shares in Fortinet, Inc. $FTNT Acquired by Expressive Wealth LLC

Expressive Wealth LLC purchased a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,131 shares of the software maker’s stock, valued at approximately $646,000.

Other hedge funds have also added to or reduced their stakes in the company. Trilogy Capital Inc. lifted its holdings in Fortinet by 46.8% during the 4th quarter. Trilogy Capital Inc. now owns 44,152 shares of the software maker’s stock worth $3,506,000 after purchasing an additional 14,076 shares during the last quarter. Machina Capital S.A.S. bought a new position in Fortinet during the 3rd quarter worth $1,177,000. Leonteq Securities AG bought a new position in Fortinet during the 4th quarter worth $10,422,000. Victory Capital Management Inc. increased its stake in Fortinet by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,651,683 shares of the software maker’s stock worth $138,874,000 after acquiring an additional 90,284 shares during the period. Finally, North Dakota State Investment Board bought a new position in Fortinet during the 4th quarter worth $1,732,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FTNT has been the topic of a number of recent research reports. Citigroup raised their price objective on Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Sanford C. Bernstein restated a “market perform” rating and set a $83.00 price objective on shares of Fortinet in a research note on Friday, February 6th. Freedom Capital lowered Fortinet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Truist Financial set a $120.00 price objective on Fortinet and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Robert W. Baird set a $115.00 price objective on Fortinet in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-four have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $102.69.

Insider Activity

In other news, COO John Whittle sold 146,015 shares of Fortinet stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $128.41, for a total value of $18,749,786.15. Following the transaction, the chief operating officer owned 94,724 shares in the company, valued at approximately $12,163,508.84. This trade represents a 60.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Michael Xie sold 2,478 shares of Fortinet stock in a transaction on Monday, May 4th. The shares were sold at an average price of $88.89, for a total value of $220,269.42. Following the completion of the transaction, the vice president owned 9,927,517 shares in the company, valued at approximately $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. In the last quarter, insiders have sold 153,848 shares of company stock worth $19,446,115. Insiders own 17.60% of the company’s stock.

Fortinet Trading Up 0.0%

Shares of FTNT opened at $133.96 on Wednesday. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $134.91. The business’s fifty day moving average is $94.07 and its 200-day moving average is $85.58. 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 firm has a market cap of $98.15 billion, a price-to-earnings ratio of 51.72, a PEG ratio of 3.68 and a beta of 0.92.

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, beating the consensus estimate of $0.62 by $0.20. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the company posted $0.58 EPS. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. 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 anticipate that Fortinet, Inc. will post 2.77 EPS for the current fiscal year.

About Fortinet

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.