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

Oribel Capital Management LP bought a new position in Fortinet, Inc. (NASDAQ:FTNT) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 25,900 shares of the software maker’s stock, valued at approximately $2,117,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Physician Wealth Advisors Inc. boosted its position in shares of 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 purchasing an additional 245 shares in the last quarter. Wexford Capital LP purchased a new stake in Fortinet in the third quarter worth $25,000. Elyxium Wealth LLC bought a new position in Fortinet in the fourth quarter worth $27,000. Palisade Asset Management LLC bought a new position in Fortinet in the third quarter worth $28,000. Finally, Ares Financial Consulting LLC purchased a new position in Fortinet during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

FTNT has been the topic of a number of research reports. Royal Bank Of Canada restated a “sector perform” rating and set a $160.00 target price on shares of Fortinet in a report on Thursday, July 16th. JPMorgan Chase & Co. increased their price target on shares of Fortinet from $73.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. UBS Group boosted their price objective on shares of Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $100.00 target price on shares of Fortinet in a report on Thursday, May 7th. Finally, Stephens set a $115.00 price target on Fortinet and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty-four have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Fortinet has an average rating of “Hold” and an average target price of $123.61.

Fortinet Price Performance

FTNT opened at $152.37 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.15. The stock has a market capitalization of $111.63 billion, a P/E ratio of 58.83, a P/E/G ratio of 4.12 and a beta of 1.09. The company’s 50-day simple moving average is $148.02 and its two-hundred day simple moving average is $106.45. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $170.35.

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 net margin of 27.49% and a return on equity of 160.08%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm posted $0.58 EPS. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. 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 predict that Fortinet, Inc. will post 2.8 EPS for the current year.

Insider Buying and Selling

In related news, VP Michael Xie sold 3,907 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total value of $572,141.08. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ken Xie sold 160,632 shares of Fortinet stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $145.58, for a total transaction of $23,384,806.56. Following the completion of the sale, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at approximately $7,711,717,915.76. This trade represents a 0.30% decrease in their position. 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. Over the last quarter, insiders have sold 318,387 shares of company stock worth $43,403,063. 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.