Geneos Wealth Management Inc. Acquires 3,552 Shares of Fortinet, Inc. $FTNT

Geneos Wealth Management Inc. grew its stake in Fortinet, Inc. (NASDAQ:FTNT) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 97,187 shares of the software maker’s stock after purchasing an additional 3,552 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Fortinet were worth $7,942,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FTNT. Brighton Jones LLC boosted its holdings 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 buying an additional 221 shares during the last quarter. Bison Wealth LLC acquired a new position in shares of Fortinet during the 4th quarter worth about $585,000. HUB Investment Partners LLC increased its stake in shares of Fortinet by 29.1% in the 2nd quarter. HUB Investment Partners LLC now owns 5,299 shares of the software maker’s stock valued at $560,000 after acquiring an additional 1,193 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in shares of Fortinet in the 2nd quarter valued at about $1,136,000. Finally, Quantinno Capital Management LP raised its position in shares of Fortinet by 27.4% in the 2nd quarter. Quantinno Capital Management LP now owns 144,989 shares of the software maker’s stock valued at $15,328,000 after acquiring an additional 31,202 shares during the period. 83.71% of the stock is currently owned by institutional investors.

Fortinet Trading Down 1.4%

NASDAQ:FTNT opened at $164.51 on Thursday. The company has a market cap of $120.53 billion, a P/E ratio of 63.52, a price-to-earnings-growth ratio of 4.54 and a beta of 1.09. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $170.35. The business has a 50 day moving average price of $142.29 and a two-hundred day moving average price of $102.83. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data 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. 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 was up 20.1% compared to the same quarter last year. During the same period last year, the company 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. As a group, analysts expect that Fortinet, Inc. will post 2.8 EPS for the current fiscal year.

Key Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet was upgraded to Zacks Rank #1 (Strong Buy), reflecting improving earnings expectations and boosting investor sentiment around the stock. Article Title
• Positive Sentiment: Fortinet expanded FortiEndpoint with new AI-era security capabilities, which should help the company capitalize on rising demand for tools that protect AI adoption, data, and endpoints. Article Title
• Positive Sentiment: Fortinet named TD SYNNEX as an approved global distributor and delivery partner, potentially widening its reach and improving channel execution. Article Title
• Positive Sentiment: Multiple market notes highlighted Fortinet as a beneficiary of the broader cybersecurity rally, driven by AI infrastructure spending, heightened cyber threats, and stronger demand for enterprise security. Article Title
• Neutral Sentiment: Commentary comparing Palo Alto Networks and Fortinet in AI cybersecurity underscored that FTNT remains a major player in the theme, but also raised valuation questions about how much upside is already priced in. Article Title
• Neutral Sentiment: Several articles framed Fortinet as a long-term winner in cybersecurity and AI, but these pieces were largely thematic rather than pointing to an immediate fundamental change. Article Title
• Negative Sentiment: One valuation-focused piece argued Fortinet may be trading at a premium despite its AI security growth, which could limit upside if investors become more cautious about price versus fundamentals. Article Title

Analyst Ratings Changes

FTNT has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of Fortinet from $155.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Monday. Compass Point set a $100.00 target price on shares of Fortinet in a report on Monday, May 4th. Royal Bank Of Canada reissued a “sector perform” rating and set a $107.00 price target (up from $90.00) on shares of Fortinet in a research report on Thursday, May 7th. HSBC lowered shares of Fortinet from a “hold” rating to a “reduce” rating and set a $102.00 price target for the company. in a report on Monday, June 29th. Finally, Citigroup upped their price objective on shares of Fortinet from $90.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $112.26.

Insider Buying and Selling at Fortinet

In other Fortinet news, CEO Ken Xie sold 160,632 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly 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 filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,907 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was 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 of the company’s stock, valued at approximately $1,453,213,448.40. This represents a 0.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 318,387 shares of company stock worth $43,403,063. Insiders own 17.60% of the company’s stock.

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.