Vista Investment Partners LLC Boosts Stock Holdings in Fortinet, Inc. $FTNT

Vista Investment Partners LLC increased its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 53.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 49,058 shares of the software maker’s stock after purchasing an additional 17,018 shares during the period. Fortinet comprises approximately 1.9% of Vista Investment Partners LLC’s holdings, making the stock its 11th largest position. Vista Investment Partners LLC’s holdings in Fortinet were worth $7,537,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wexford Capital LP purchased a new stake in shares of Fortinet in the third quarter valued at approximately $25,000. Physician Wealth Advisors Inc. grew its holdings in Fortinet by 408.3% during the first quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock worth $25,000 after acquiring an additional 245 shares during the period. Elyxium Wealth LLC purchased a new position in Fortinet in the fourth quarter worth $27,000. Palisade Asset Management LLC purchased a new position in Fortinet in the third quarter worth $28,000. Finally, Ares Financial Consulting LLC acquired a new stake in Fortinet in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FTNT. Compass Point set a $100.00 target price on shares of Fortinet in a research report on Monday, May 4th. William Blair reiterated a “market perform” rating on shares of Fortinet in a report on Tuesday, July 21st. TD Cowen reiterated a “buy” rating and issued a $215.00 price objective (up from $160.00) on shares of Fortinet in a research note on Monday, July 13th. Arete Research set a $104.00 price objective on shares of Fortinet and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Truist Financial set a $183.00 target price on shares of Fortinet and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $150.91.

Insider Buying and Selling

In other Fortinet news, VP Michael Xie sold 3,121 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $162.63, for a total transaction of $507,568.23. Following the completion of the transaction, the vice president directly owned 9,918,360 shares in the company, valued at approximately $1,613,022,886.80. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a legal filing 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, CEO Ken Xie sold 161,482 shares of Fortinet stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $162.66, for a total transaction of $26,266,662.12. Following the transaction, the chief executive officer owned 52,972,372 shares of the company’s stock, valued at approximately $8,616,486,029.52. The trade was a 0.30% decrease in their position. 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. Insiders have sold 475,157 shares of company stock worth $69,480,964 in the last three months. Corporate insiders own 17.60% of the company’s stock.

Fortinet Stock Performance

Shares of FTNT stock opened at $159.64 on Monday. The stock has a fifty day moving average price of $153.54 and a 200 day moving average price of $112.36. 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 stock has a market cap of $117.13 billion, a PE ratio of 56.21, a P/E/G ratio of 3.03 and a beta of 1.07. Fortinet, Inc. has a 1 year low of $72.83 and a 1 year high of $172.09.

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

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.