Fortinet, Inc. (NASDAQ:FTNT) Given Average Rating of “Hold” by Analysts

Posted by Stanley Muller on Jun 30th, 2026

Shares of Fortinet, Inc. (NASDAQ:FTNT – Get Free Report) have earned an average recommendation of “Hold” from the thirty-six ratings firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $107.5806.

Several equities analysts have recently issued reports on FTNT shares. Stephens set a $115.00 price target on shares of Fortinet and gave the company an “equal weight” rating in a report on Thursday, May 7th. Truist Financial set a $120.00 price target on shares of Fortinet and gave the company a “buy” rating in a report on Thursday, May 7th. Stifel Nicolaus set a $85.00 price target on shares of Fortinet in a report on Wednesday, March 11th. Weiss Ratings raised shares of Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. Finally, Arete Research set a $104.00 price target on shares of Fortinet and gave the company a “buy” rating in a report on Monday, April 27th.

Check Out Our Latest Research Report on FTNT

Insider Activity

In other news, CEO Ken Xie sold 160,632 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $145.58, for a total transaction of $23,384,806.56. Following the completion of the transaction, the chief executive officer owned 52,972,372 shares of the company’s stock, valued at approximately $7,711,717,915.76. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John Whittle sold 146,015 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the transaction, the chief operating officer directly owned 94,724 shares of the company’s stock, valued at approximately $12,163,508.84. This trade represents a 60.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 318,387 shares of company stock valued at $43,403,063. 17.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fortinet

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ravenstone Capital Management Inc. raised its stake in shares of Fortinet by 7.3% during the first quarter. Ravenstone Capital Management Inc. now owns 100,366 shares of the software maker’s stock valued at $8,202,000 after purchasing an additional 6,843 shares in the last quarter. Basecamp Wealth Advisors LLC raised its stake in shares of Fortinet by 7.9% during the first quarter. Basecamp Wealth Advisors LLC now owns 2,658 shares of the software maker’s stock valued at $217,000 after purchasing an additional 195 shares in the last quarter. Sapient Capital LLC bought a new stake in shares of Fortinet during the first quarter valued at about $352,000. Western Wealth Management LLC bought a new stake in shares of Fortinet during the first quarter valued at about $530,000. Finally, Pacer Advisors Inc. raised its stake in shares of Fortinet by 22.9% during the first quarter. Pacer Advisors Inc. now owns 417,286 shares of the software maker’s stock valued at $34,101,000 after purchasing an additional 77,804 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

Fortinet Stock Performance

Fortinet stock opened at $155.42 on Tuesday. The company has a market cap of $113.87 billion, a PE ratio of 60.01, a P/E/G ratio of 4.14 and a beta of 1.11. The company has a fifty day moving average price of $124.48 and a two-hundred day moving average price of $96.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.07. Fortinet has a 12 month low of $70.12 and a 12 month high of $159.07.

Fortinet (NASDAQ:FTNT – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.20. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Research analysts expect that Fortinet will post 2.78 earnings per share for the current year.

About Fortinet

(Get 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.

Analyst Recommendations for Fortinet (NASDAQ:FTNT)

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