Fortinet, Inc. (NASDAQ:FTNT) Receives $88.62 Average PT from Analysts

Shares of Fortinet, Inc. (NASDAQ:FTNT) have earned a consensus rating of “Hold” from the thirty-two research firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, twenty-two have assigned a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $88.6154.

A number of equities analysts recently issued reports on the company. Morgan Stanley reiterated an “underweight” rating and set a $70.00 price target (up from $66.00) on shares of Fortinet in a research note on Thursday, December 18th. Wedbush reiterated an “outperform” rating and set a $90.00 target price on shares of Fortinet in a research report on Friday, February 6th. Citigroup reissued a “neutral” rating and issued a $90.00 target price (up from $85.00) on shares of Fortinet in a report on Monday, February 9th. Mizuho upped their target price on Fortinet from $72.00 to $74.00 and gave the company an “underperform” rating in a research report on Friday, February 6th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $83.00 price target on shares of Fortinet in a research note on Friday, February 6th.

Insider Buying and Selling

In other news, CEO Ken Xie sold 175,737 shares of the firm’s 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 completion of the sale, the chief executive officer owned 51,396,385 shares in the company, valued at approximately $4,184,693,666.70. This trade represents a 0.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction dated Monday, February 2nd. The shares were 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 directly owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. The trade was a 3.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 17.20% of the company’s stock.

Institutional Investors Weigh In On Fortinet

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in Fortinet by 2.2% during the 4th quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock valued at $976,000 after buying an additional 221 shares during the last quarter. Bison Wealth LLC acquired a new position in shares of Fortinet in the fourth quarter worth $585,000. AE Wealth Management LLC raised its holdings in shares of Fortinet by 7.0% in the second quarter. AE Wealth Management LLC now owns 5,731 shares of the software maker’s stock worth $606,000 after acquiring an additional 373 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Fortinet in the second quarter valued at $603,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Fortinet by 6.1% during the second quarter. SBI Securities Co. Ltd. now owns 4,782 shares of the software maker’s stock valued at $506,000 after acquiring an additional 276 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Fortinet Stock Down 0.3%

Shares of FTNT opened at $83.12 on Friday. Fortinet has a 12-month low of $70.12 and a 12-month high of $109.33. The firm has a market cap of $61.50 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 2.88 and a beta of 1.05. The company’s 50-day moving average price is $81.06 and its 200 day moving average price is $81.80. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40.

Fortinet (NASDAQ:FTNT) last posted its earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.Fortinet’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. 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, sell-side analysts forecast that Fortinet will post 2.09 earnings per share for the current year.

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.