Fortinet (NASDAQ:FTNT – Get Free Report) had its price objective increased by equities researchers at Susquehanna from $115.00 to $160.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. Susquehanna’s price target would suggest a potential upside of 3.73% from the company’s current price.
A number of other equities research analysts also recently commented on the company. Compass Point set a $100.00 price objective on Fortinet in a research report on Monday, May 4th. Evercore set a $165.00 price objective on shares of Fortinet in a research note on Thursday. Royal Bank Of Canada set a $185.00 price target on Fortinet and gave the company a “sector perform” rating in a research report on Thursday. Bank of America reissued a “buy” rating on shares of Fortinet in a research report on Monday. Finally, UBS Group reissued a “neutral” rating and issued a $180.00 target price on shares of Fortinet in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty-three have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $150.91.
Read Our Latest Research Report on FTNT
Fortinet Trading Up 0.7%
Fortinet (NASDAQ:FTNT – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The software maker reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.15. Fortinet had a return on equity of 218.88% and a net margin of 28.17%.The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the firm posted $0.64 EPS. The company’s quarterly 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. On average, equities research analysts expect that Fortinet will post 2.8 earnings per share for the current fiscal year.
Insider Transactions at Fortinet
In related news, CEO Ken Xie sold 160,632 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 52,972,372 shares in the company, valued at $7,711,717,915.76. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the sale, the chief operating officer directly owned 94,724 shares in the company, valued at $12,163,508.84. This trade represents a 60.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 318,387 shares of company stock valued at $43,403,063. Insiders own 17.60% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Regent Peak Wealth Advisors LLC bought a new stake in Fortinet in the 2nd quarter valued at about $201,000. Insight Wealth Strategies LLC lifted its holdings in Fortinet by 5.8% in the second quarter. Insight Wealth Strategies LLC now owns 58,043 shares of the software maker’s stock worth $9,228,000 after purchasing an additional 3,157 shares during the period. KMG Fiduciary Partners LLC increased its stake in Fortinet by 4.9% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 64,550 shares of the software maker’s stock valued at $9,916,000 after buying an additional 2,994 shares during the period. Community Financial Services Group LLC bought a new position in shares of Fortinet in the second quarter valued at approximately $105,000. Finally, Fulton Bank N.A. bought a new stake in Fortinet during the second quarter worth approximately $325,000. Institutional investors and hedge funds own 83.71% of the company’s stock.
Fortinet News Roundup
Here are the key news stories impacting Fortinet this week:
- Positive Sentiment: Q2 results exceeded expectations: Fortinet reported adjusted EPS of $0.90 versus the $0.75 consensus and revenue of $2.05 billion versus $1.89 billion expected. Revenue increased 26% year over year, while product revenue surged 52% to $773 million and billings rose 33% to $2.37 billion. Fortinet lifts annual revenue forecast on strong cybersecurity demand
- Positive Sentiment: Fortinet raised its outlook: Full-year 2026 revenue guidance is now $8.0 billion-$8.2 billion, above the roughly $7.8 billion analyst consensus, with EPS guidance of $3.41-$3.47 versus $3.08 expected. Third-quarter revenue and EPS guidance also exceed consensus estimates. Fortinet Reports Strong Second Quarter 2026 Financial Results
- Positive Sentiment: Growth initiatives are gaining traction: Management highlighted momentum in SASE Firewall, AI security, AI infrastructure and operational-technology security. Analysts also cited strong execution and pricing tailwinds, supporting expectations for continued margin and revenue growth. FTNT Q2 Earnings Call Highlights SASE Firewall Growth
- Positive Sentiment: Analyst targets increased: BTIG raised its target to $203, Rosenblatt to $195, and Citigroup to $185. BTIG and Rosenblatt reiterated Buy ratings, reinforcing the bullish reaction to the earnings report. Fortinet Earns Reiterated Buy
- Neutral Sentiment: Some analysts remain cautious: Citigroup, BMO Capital Markets and William Blair maintained Neutral or Hold-equivalent ratings despite raising their targets, citing questions about the durability of Fortinet’s elevated growth and pricing benefits.
- Negative Sentiment: Valuation and insider selling are risks: After a roughly 152% five-year advance, FTNT trades at a premium valuation, leaving limited room for execution disappointments. Reported insider activity also showed company executives selling shares without recent purchases. Fortinet Stock Seems Stretched
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.
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