Rothschild Wealth LLC Purchases New Position in Fortinet, Inc. $FTNT

Rothschild Wealth LLC purchased a new stake in Fortinet, Inc. (NASDAQ:FTNT) during the 4th quarter, HoldingsChannel reports. The fund purchased 3,758 shares of the software maker’s stock, valued at approximately $298,000.

Other institutional investors have also bought and sold shares of the company. Pinnacle Holdings LLC acquired a new stake in Fortinet in the 3rd quarter valued at $25,000. Ameriflex Group Inc. acquired a new stake in Fortinet in the 3rd quarter valued at $25,000. Wexford Capital LP acquired a new stake in Fortinet in the 3rd quarter valued at $25,000. Elyxium Wealth LLC acquired a new stake in Fortinet in the 4th quarter valued at $27,000. Finally, Palisade Asset Management LLC acquired a new stake in Fortinet in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Weiss Ratings lowered Fortinet from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Scotiabank boosted their price target on Fortinet from $85.00 to $110.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Barclays set a $115.00 price target on Fortinet and gave the company an “equal weight” rating in a research note on Thursday, May 7th. DZ Bank lowered Fortinet from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, May 19th. Finally, Wells Fargo & Company reiterated an “underweight” rating and issued a $70.00 price objective (up from $64.00) on shares of Fortinet in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-four have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Fortinet currently has an average rating of “Hold” and a consensus price target of $102.69.

Fortinet Trading Up 1.2%

NASDAQ FTNT opened at $148.86 on Wednesday. The stock has a 50-day simple moving average of $98.25 and a 200 day simple moving average of $87.10. The company has a market capitalization of $109.06 billion, a PE ratio of 57.48, a P/E/G ratio of 4.05 and a beta of 1.11. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $149.03.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.20. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The firm’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. Research analysts forecast that Fortinet, Inc. will post 2.77 EPS for the current year.

Insider Activity at Fortinet

In related news, CEO Ken Xie sold 5,355 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $88.90, for a total value of $476,059.50. Following the completion of the sale, the chief executive officer owned 52,978,004 shares in the company, valued at approximately $4,709,744,555.60. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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, VP Michael Xie sold 2,478 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $88.89, for a total value of $220,269.42. Following the completion of the sale, the vice president owned 9,927,517 shares of the company’s stock, valued at $882,456,986.13. This represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. 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 sold 153,848 shares of company stock worth $19,446,115. 17.60% of the stock is owned by insiders.

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.