Fortinet (NASDAQ:FTNT) Stock Acquired Rep. Byron Donalds

Representative Byron Donalds (R-Florida) recently bought shares of Fortinet, Inc. (NASDAQ:FTNT). In a filing disclosed on November 18th, the Representative disclosed that they had bought between $1,001 and $15,000 in Fortinet stock on October 9th. The trade occurred in the Representative’s “MORAN WEALTH IRA” account.

Representative Byron Donalds also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 10/24/2025.
• Purchased $1,001 – $15,000 in shares of Brown & Brown (NYSE:BRO) on 10/24/2025.
• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 10/24/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 10/23/2025.
• Purchased $1,001 – $15,000 in shares of Brown & Brown (NYSE:BRO) on 10/9/2025.
• Purchased $1,001 – $15,000 in shares of Tradeweb Markets (NASDAQ:TW) on 10/9/2025.
• Purchased $1,001 – $15,000 in shares of Carnival (NYSE:CCL) on 10/9/2025.
• Purchased $1,001 – $15,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 10/9/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 10/9/2025.
• Purchased $1,001 – $15,000 in shares of Trade Desk (NASDAQ:TTD) on 10/9/2025.

Fortinet Price Performance

NASDAQ FTNT traded up $0.38 on Monday, hitting $79.24. 1,051,804 shares of the company were exchanged, compared to its average volume of 5,567,608. Fortinet, Inc. has a 1-year low of $70.12 and a 1-year high of $114.82. The firm has a 50 day moving average of $83.60 and a two-hundred day moving average of $91.41. The company has a current ratio of 1.33, a quick ratio of 1.24 and a debt-to-equity ratio of 0.24. The company has a market cap of $58.93 billion, a P/E ratio of 31.60, a P/E/G ratio of 3.17 and a beta of 1.08.

Fortinet (NASDAQ:FTNT) last announced its earnings results on Wednesday, November 5th. The software maker reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.70 billion. Fortinet had a net margin of 30.60% and a return on equity of 111.46%. The company’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. Fortinet has set its FY 2025 guidance at 2.660-2.700 EPS. Q4 2025 guidance at 0.730-0.750 EPS. On average, equities analysts predict that Fortinet, Inc. will post 2.09 EPS for the current year.

Institutional Investors Weigh In On Fortinet

Several large investors have recently bought and sold shares of the company. LSV Asset Management acquired a new position in shares of Fortinet in the 2nd quarter valued at $25,000. Saudi Central Bank bought a new stake in Fortinet during the 1st quarter worth approximately $25,000. Clearstead Trust LLC acquired a new stake in Fortinet during the 1st quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted its stake in Fortinet by 2,184.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 297 shares of the software maker’s stock valued at $29,000 after buying an additional 284 shares in the last quarter. Finally, Pinnacle Holdings LLC acquired a new position in shares of Fortinet in the third quarter valued at approximately $25,000. Institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FTNT shares. Daiwa America cut Fortinet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Evercore ISI cut their target price on shares of Fortinet from $105.00 to $78.00 and set an “in-line” rating on the stock in a research report on Friday, August 8th. TD Cowen reduced their target price on shares of Fortinet from $105.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Mizuho dropped their price target on shares of Fortinet from $75.00 to $72.00 and set an “underperform” rating for the company in a research note on Thursday, November 6th. Finally, Truist Financial lowered their target price on shares of Fortinet from $125.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Fortinet currently has a consensus rating of “Hold” and an average target price of $90.37.

Insider Buying and Selling at Fortinet

In other Fortinet news, VP Michael Xie sold 3,546 shares of Fortinet stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $86.53, for a total value of $306,835.38. Following the sale, the vice president owned 10,492,018 shares of the company’s stock, valued at $907,874,317.54. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ken Xie sold 158,485 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $86.51, for a total value of $13,710,537.35. Following the completion of the sale, the chief executive officer owned 51,391,879 shares in the company, valued at approximately $4,445,911,452.29. This trade represents a 0.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is owned by corporate insiders.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida’s 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.

Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida’s 19th Congressional District. He declared candidacy for the 2026 election.

Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor’s degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

Fortinet Company Profile

Fortinet, Inc provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products.