Clare Market Investments LLC Buys Shares of 10,005 Fortinet, Inc. $FTNT

Clare Market Investments LLC bought a new position in Fortinet, Inc. (NASDAQ:FTNT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,005 shares of the software maker’s stock, valued at approximately $818,000.

Several other institutional investors have also recently made changes to their positions in FTNT. Expressive Wealth LLC bought a new stake in Fortinet during the fourth quarter valued at $646,000. Trilogy Capital Inc. lifted its position in Fortinet by 46.8% during the fourth quarter. Trilogy Capital Inc. now owns 44,152 shares of the software maker’s stock valued at $3,506,000 after purchasing an additional 14,076 shares during the last quarter. Leonteq Securities AG bought a new stake in Fortinet during the fourth quarter valued at approximately $10,422,000. Eurizon Capital SGR S.p.A. purchased a new position in Fortinet in the 4th quarter worth approximately $14,638,000. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Fortinet by 156.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 390,492 shares of the software maker’s stock worth $31,009,000 after buying an additional 238,299 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Transactions at Fortinet

In other news, COO John Whittle sold 146,015 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer directly owned 94,724 shares of the company’s stock, valued at $12,163,508.84. The trade was a 60.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael Xie sold 3,907 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total transaction of $572,141.08. Following the transaction, the vice president owned 9,923,610 shares in the company, valued at approximately $1,453,213,448.40. This trade represents a 0.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 318,387 shares of company stock worth $43,403,063 over the last three months. 17.60% of the stock is currently owned by company insiders.

Fortinet Stock Performance

Shares of FTNT stock opened at $160.09 on Tuesday. The company has a market capitalization of $117.29 billion, a price-to-earnings ratio of 61.98, a price-to-earnings-growth ratio of 4.28 and a beta of 1.09. 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, Inc. has a one year low of $70.12 and a one year high of $163.57. The company’s 50-day moving average is $131.84 and its 200 day moving average is $98.86.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Zacks Research lowered Fortinet from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Weiss Ratings upgraded shares of Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Wells Fargo & Company reissued an “underweight” rating and set a $70.00 price target (up from $64.00) on shares of Fortinet in a research note on Thursday, May 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $107.00 price objective (up from $90.00) on shares of Fortinet in a research note on Thursday, May 7th. Finally, Stephens set a $115.00 target price on shares of Fortinet and gave the company an “equal weight” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Fortinet has a consensus rating of “Hold” and a consensus target price of $107.58.

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.