Expressive Wealth LLC Takes $554,000 Position in Fortinet, Inc. $FTNT

Posted by Geri Gentry on Aug 22nd, 2026

Expressive Wealth LLC acquired a new position in Fortinet, Inc. (NASDAQ:FTNT – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,608 shares of the software maker’s stock, valued at approximately $554,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FTNT. Leonteq Securities AG bought a new stake in shares of Fortinet during the fourth quarter valued at approximately $10,422,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Fortinet in the fourth quarter valued at $14,638,000. Thrivent Financial for Lutherans lifted its position in Fortinet by 156.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 390,492 shares of the software maker’s stock worth $31,009,000 after purchasing an additional 238,299 shares during the period. Westerkirk Capital Inc. lifted its position in Fortinet by 41.9% in the fourth quarter. Westerkirk Capital Inc. now owns 52,500 shares of the software maker’s stock worth $4,169,000 after purchasing an additional 15,500 shares during the period. Finally, North Dakota State Investment Board acquired a new stake in Fortinet during the fourth quarter worth $1,732,000. Institutional investors own 83.71% of the company’s stock.

Fortinet Stock Up 1.8%

Shares of NASDAQ FTNT opened at $153.51 on Friday. Fortinet, Inc. has a 52-week low of $73.55 and a 52-week high of $172.09. 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 business has a fifty day moving average of $156.24 and a two-hundred day moving average of $117.61. The stock has a market cap of $112.63 billion, a PE ratio of 54.05, a PEG ratio of 2.86 and a beta of 1.07.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Scotiabank reissued a “sector perform” rating and issued a $163.00 price target on shares of Fortinet in a report on Thursday, July 30th. Robert W. Baird set a $165.00 price objective on shares of Fortinet in a report on Thursday, July 30th. Rosenblatt Securities lifted their target price on shares of Fortinet from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Morgan Stanley reissued a “positive” rating and issued a $136.00 target price (up from $133.00) on shares of Fortinet in a research note on Thursday, July 30th. Finally, Stephens set a $115.00 price target on shares of Fortinet and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Fortinet presently has a consensus rating of “Hold” and an average target price of $150.91.

Get Our Latest Research Report on FTNT

Insider Transactions at Fortinet

In other news, VP Michael Xie sold 3,907 shares of Fortinet 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 completion of the transaction, the vice president owned 9,923,610 shares in the company, valued at approximately $1,453,213,448.40. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ken Xie sold 161,482 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $162.66, for a total value of $26,266,662.12. Following the completion of the transaction, the chief executive officer directly owned 52,972,372 shares in the company, valued at $8,616,486,029.52. The trade was a 0.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last 90 days, insiders sold 329,142 shares of company stock worth $50,731,178. Company insiders own 17.60% of the company’s stock.

About Fortinet

(Free Report)

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.