Motley Fool Asset Management LLC Acquires 15,155 Shares of Fortinet, Inc. $FTNT

Motley Fool Asset Management LLC increased its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 24.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,968 shares of the software maker’s stock after acquiring an additional 15,155 shares during the period. Motley Fool Asset Management LLC’s holdings in Fortinet were worth $6,112,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FTNT. Brighton Jones LLC boosted its stake in Fortinet by 2.2% during the fourth quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock worth $976,000 after acquiring an additional 221 shares in the last quarter. Bison Wealth LLC bought a new stake in Fortinet during the fourth quarter worth about $585,000. HUB Investment Partners LLC boosted its stake in Fortinet by 29.1% during the second quarter. HUB Investment Partners LLC now owns 5,299 shares of the software maker’s stock worth $560,000 after acquiring an additional 1,193 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in Fortinet during the second quarter worth about $1,136,000. Finally, Quantinno Capital Management LP boosted its stake in Fortinet by 27.4% during the second quarter. Quantinno Capital Management LP now owns 144,989 shares of the software maker’s stock worth $15,328,000 after acquiring an additional 31,202 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ken Xie sold 160,632 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $145.58, for a total transaction of $23,384,806.56. Following the completion of the sale, the chief executive officer owned 52,972,372 shares of the company’s stock, valued at $7,711,717,915.76. The trade was a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John Whittle sold 146,015 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the sale, the chief operating officer directly owned 94,724 shares of the company’s stock, valued at approximately $12,163,508.84. The trade was a 60.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 318,387 shares of company stock worth $43,403,063. Company insiders own 17.60% of the company’s stock.

Fortinet Trading Down 3.3%

Shares of NASDAQ FTNT opened at $138.39 on Wednesday. The firm’s 50 day moving average price is $106.04 and its 200-day moving average price is $89.80. The company has a market cap of $101.39 billion, a PE ratio of 53.43, a P/E/G ratio of 3.92 and a beta of 1.11. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $150.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.15.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.20. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.73 billion. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 earnings per share. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. On average, equities research analysts expect that Fortinet, Inc. will post 2.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FTNT shares. Morgan Stanley reissued an “underweight” rating and set a $80.00 price objective on shares of Fortinet in a research note on Thursday, May 7th. Stephens 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. Zacks Research upgraded shares of Fortinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 target price on shares of Fortinet in a research note on Tuesday, April 21st. Finally, Robert W. Baird set a $115.00 target price on shares of Fortinet in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Fortinet currently has an average rating of “Hold” and an average target price of $106.43.

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.