Altrafin AG Purchases New Shares in Fortinet, Inc. $FTNT

Altrafin AG purchased a new stake in Fortinet, Inc. (NASDAQ:FTNT) in the fourth quarter, Holdings Channel.com reports. The firm purchased 103,115 shares of the software maker’s stock, valued at approximately $8,188,000. Fortinet makes up about 2.6% of Altrafin AG’s investment portfolio, making the stock its 16th biggest position.

Other institutional investors have also made changes to their positions in the company. Pinnacle Holdings LLC bought a new stake in Fortinet during the 3rd quarter worth about $25,000. Ameriflex Group Inc. bought a new stake in Fortinet during the 3rd quarter worth about $25,000. Wexford Capital LP bought a new stake in Fortinet during the 3rd quarter worth about $25,000. Elyxium Wealth LLC bought a new stake in Fortinet during the 4th quarter worth about $27,000. Finally, Palisade Asset Management LLC bought a new stake in Fortinet during the 3rd quarter worth about $28,000. 83.71% of the stock is owned by institutional investors.

Fortinet Stock Performance

Shares of FTNT stock opened at $146.30 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.07. The stock has a market cap of $107.19 billion, a PE ratio of 56.49, a price-to-earnings-growth ratio of 4.01 and a beta of 1.11. The stock has a 50-day moving average of $109.80 and a 200-day moving average of $91.08. Fortinet, Inc. has a one year low of $70.12 and a one year high of $150.07.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings results 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 company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.Fortinet’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 EPS. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, sell-side analysts expect that Fortinet, Inc. will post 2.78 earnings per share for the current year.

Insider Activity

In related news, CEO Ken Xie sold 160,632 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $145.58, for a total value of $23,384,806.56. Following the completion of the transaction, the chief executive officer directly owned 52,972,372 shares in the company, valued at approximately $7,711,717,915.76. The trade was a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 that occurred on Thursday, May 21st. The shares were sold at an average price of $128.41, for a total value of $18,749,786.15. Following the completion of the transaction, the chief operating officer owned 94,724 shares of the company’s stock, valued at $12,163,508.84. This represents a 60.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 318,387 shares of company stock valued at $43,403,063 in the last ninety days. 17.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FTNT. Susquehanna boosted their price objective on Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Barclays set a $155.00 price objective on Fortinet and gave the stock an “equal weight” rating in a report on Friday. UBS Group boosted their price objective on Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Stephens set a $115.00 price target on Fortinet and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Finally, Mizuho upped their price target on Fortinet from $70.00 to $86.00 and gave the company an “underperform” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $107.77.

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.