Moore Capital Management LP Makes New Investment in Fortinet, Inc. $FTNT

Moore Capital Management LP acquired a new stake in shares of Fortinet, Inc. (NASDAQ:FTNT) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 79,752 shares of the software maker’s stock, valued at approximately $12,252,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Physician Wealth Advisors Inc. raised its position in Fortinet by 408.3% during the first quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock valued at $25,000 after acquiring an additional 245 shares in the last quarter. Dunhill Financial LLC purchased a new stake in Fortinet in the 2nd quarter worth approximately $25,000. Burk Holdings LLC purchased a new stake in Fortinet in the 2nd quarter worth approximately $25,000. Wexford Capital LP acquired a new stake in shares of Fortinet during the 3rd quarter worth approximately $25,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Fortinet during the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insider Activity at Fortinet

In other news, VP Michael Xie sold 3,121 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $162.63, for a total value of $507,568.23. Following the transaction, the vice president owned 9,918,360 shares in the company, valued at $1,613,022,886.80. This trade represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ken Xie sold 161,482 shares of Fortinet stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $162.66, for a total value of $26,266,662.12. Following the completion of the sale, the chief executive officer directly owned 52,972,372 shares in the company, valued at $8,616,486,029.52. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 329,142 shares of company stock valued at $50,731,178. 17.60% of the stock is owned by company insiders.

Fortinet Stock Performance

NASDAQ:FTNT opened at $166.00 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.28. The company has a fifty day moving average of $157.68 and a two-hundred day moving average of $120.64. The stock has a market capitalization of $121.80 billion, a PE ratio of 58.45, a P/E/G ratio of 3.15 and a beta of 1.07. Fortinet, Inc. has a fifty-two week low of $73.55 and a fifty-two week high of $173.89.

Fortinet (NASDAQ:FTNT) last announced its earnings results on Wednesday, July 29th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.15. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.89 billion. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 earnings per share. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. As a group, research analysts forecast that Fortinet, Inc. will post 3.05 earnings per share for the current fiscal year.

Key Stories Impacting Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet Federal, a wholly owned subsidiary, earned CMMC Level 2 certification after validating 110 NIST SP 800-171 controls. The certification could improve Fortinet’s credibility with U.S. government agencies and defense contractors seeking compliant cybersecurity providers. Fortinet Federal’s New CMMC Level 2 Certification
• Positive Sentiment: Analysts continue to point to platform adoption, artificial-intelligence security products, product expansion and CMMC-related demand as potential growth drivers across enterprise and government markets. Fortinet Stock Surges on Security Platform Momentum
• Positive Sentiment: A new multi-year sponsorship agreement with Stanford Athletics supports Fortinet’s brand visibility, although the financial impact is likely modest compared with its core business. Stanford Athletics and Fortinet Sponsorship
• Neutral Sentiment: Fortinet recently moved above its 20-day moving average, signaling short-term technical momentum. However, technical support can also encourage profit-taking after a large advance. Fortinet Crosses Above Its 20-Day Moving Average
• Negative Sentiment: Valuation is a key overhang. With the stock near its annual high and trading at roughly 58 times earnings, investors may be demanding continued strong execution, leaving limited room for disappointment. Fortinet Valuation Leaves Limited Margin of Safety
• Negative Sentiment: Insider-trading data shows executives made no open-market purchases and reported multiple sales over the past six months. In addition, the reported median analyst price target of $115 is below recent trading levels, reinforcing concerns that expectations may have become excessive.

Analyst Ratings Changes

FTNT has been the topic of a number of recent analyst reports. Evercore set a $165.00 price target on shares of Fortinet in a report on Thursday, July 30th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Fortinet in a research report on Monday, August 24th. BMO Capital Markets increased their target price on shares of Fortinet from $170.00 to $185.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Mizuho set a $125.00 target price on Fortinet and gave the company an “underperform” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings cut Fortinet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twenty have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fortinet currently has an average rating of “Hold” and an average price target of $150.91.

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.