Fortinet, Inc. $FTNT Stock Position Raised by Cwm LLC

Cwm LLC lifted its stake in Fortinet, Inc. (NASDAQ:FTNT) by 103.0% in the fourth quarter, HoldingsChannel reports. The fund owned 145,241 shares of the software maker’s stock after purchasing an additional 73,677 shares during the quarter. Cwm LLC’s holdings in Fortinet were worth $11,534,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Financial Consulate Inc. acquired a new stake in Fortinet during the third quarter valued at approximately $25,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Fortinet during the third quarter valued at approximately $25,000. Pinnacle Holdings LLC acquired a new stake in Fortinet during the third quarter valued at approximately $25,000. Ameriflex Group Inc. acquired a new stake in Fortinet during the third quarter valued at approximately $25,000. Finally, Wexford Capital LP acquired a new stake in Fortinet during the third quarter valued at approximately $25,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Cantor Fitzgerald reiterated a “neutral” rating on shares of Fortinet in a research note on Thursday, March 12th. Robert W. Baird set a $90.00 price target on shares of Fortinet in a research note on Friday, February 6th. BMO Capital Markets increased their price target on shares of Fortinet from $90.00 to $95.00 and gave the stock a “market perform” rating in a research note on Monday, February 9th. TD Cowen upgraded shares of Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Friday, January 23rd. Finally, Rosenblatt Securities upped their price objective on shares of Fortinet from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $87.68.

Fortinet Trading Down 0.7%

Shares of FTNT stock opened at $81.84 on Friday. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $109.33. The stock has a market cap of $60.56 billion, a price-to-earnings ratio of 33.68, a P/E/G ratio of 2.83 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. The firm has a fifty day moving average of $81.73 and a 200-day moving average of $81.76.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 EPS. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. On average, equities research analysts forecast that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Fortinet

In other news, CEO Ken Xie sold 175,737 shares of Fortinet stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the completion of the sale, the chief executive officer owned 51,396,385 shares in the company, valued at $4,184,693,666.70. The trade was a 0.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the sale, the vice president owned 10,210,282 shares of the company’s stock, valued at approximately $831,321,160.44. This represents a 3.25% decrease in their position. The SEC filing for this sale provides additional information. 17.20% of the stock is currently owned by corporate insiders.

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.