IFP Advisors Inc Boosts Stake in Fortinet, Inc. $FTNT

IFP Advisors Inc lifted its position in Fortinet, Inc. (NASDAQ:FTNT) by 13.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,609 shares of the software maker’s stock after acquiring an additional 8,802 shares during the period. IFP Advisors Inc’s holdings in Fortinet were worth $6,189,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Fortinet by 2.2% in the fourth quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock worth $976,000 after purchasing an additional 221 shares during the period. Bison Wealth LLC bought a new position in Fortinet in the fourth quarter worth $585,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Fortinet during the second quarter valued at $603,000. Avantax Advisory Services Inc. lifted its position in Fortinet by 45.5% during the second quarter. Avantax Advisory Services Inc. now owns 27,075 shares of the software maker’s stock valued at $2,862,000 after buying an additional 8,465 shares during the period. Finally, LSV Asset Management bought a new stake in shares of Fortinet during the 2nd quarter valued at $25,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FTNT. TD Cowen raised shares of Fortinet from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Friday, January 23rd. Wedbush reissued an “outperform” rating and set a $90.00 price objective on shares of Fortinet in a research note on Friday, February 6th. Cantor Fitzgerald restated a “neutral” rating on shares of Fortinet in a report on Thursday, March 12th. Jefferies Financial Group set a $90.00 target price on shares of Fortinet in a research note on Friday, February 6th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Fortinet in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Fortinet currently has an average rating of “Hold” and an average price target of $88.62.

Insider Activity

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

Fortinet Stock Performance

Shares of FTNT opened at $83.12 on Friday. The business’s fifty day simple moving average is $81.06 and its two-hundred day simple moving average 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, Inc. has a 12 month low of $70.12 and a 12 month high of $109.33. The company has a market cap of $61.50 billion, a price-to-earnings ratio of 34.21, a P/E/G ratio of 2.88 and a beta of 1.05.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results 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 firm had revenue of $1.91 billion during 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 company’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Research analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Fortinet 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.