8,484 Shares in Fortinet, Inc. $FTNT Acquired by Krilogy Financial LLC

Krilogy Financial LLC bought a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,484 shares of the software maker’s stock, valued at approximately $730,000.

Other hedge funds have also modified their holdings of the company. Balboa Wealth Partners lifted its stake in shares of Fortinet by 4.3% during the 2nd quarter. Balboa Wealth Partners now owns 2,330 shares of the software maker’s stock valued at $246,000 after buying an additional 96 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Fortinet by 3.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 3,391 shares of the software maker’s stock valued at $358,000 after acquiring an additional 108 shares during the period. Huntington National Bank lifted its position in shares of Fortinet by 0.7% in the second quarter. Huntington National Bank now owns 16,596 shares of the software maker’s stock valued at $1,755,000 after acquiring an additional 112 shares in the last quarter. CVA Family Office LLC lifted its position in shares of Fortinet by 12.1% in the second quarter. CVA Family Office LLC now owns 1,201 shares of the software maker’s stock valued at $127,000 after acquiring an additional 130 shares in the last quarter. Finally, L2 Asset Management LLC grew its position in shares of Fortinet by 5.1% during the second quarter. L2 Asset Management LLC now owns 2,847 shares of the software maker’s stock worth $301,000 after purchasing an additional 137 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

Fortinet Stock Performance

Fortinet stock opened at $85.56 on Friday. The company’s 50-day moving average price is $80.56 and its 200-day moving average price is $82.22. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. The company has a market cap of $63.63 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 2.91 and a beta of 1.06. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $114.82.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 earnings per share. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. On average, equities research analysts forecast that Fortinet, Inc. will post 2.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on FTNT shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $87.00 price target on shares of Fortinet in a report on Monday, November 24th. UBS Group reissued a “neutral” rating and issued a $90.00 target price on shares of Fortinet in a report on Friday, February 6th. Scotiabank lowered shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 target price for the company. in a research report on Monday, February 2nd. Evercore set a $80.00 price target on shares of Fortinet in a report on Friday, February 6th. Finally, BMO Capital Markets boosted their price target on shares of Fortinet from $90.00 to $95.00 and gave the stock a “market perform” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $89.07.

Insider Buying and Selling at Fortinet

In other news, CEO Ken Xie sold 175,737 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $14,308,506.54. Following the sale, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Michael Xie sold 343,106 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the completion of the sale, the vice president owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. This trade represents a 3.25% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 17.20% of the company’s stock.

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.