OneDigital Investment Advisors LLC Buys New Shares in Fortinet, Inc. $FTNT

Posted by Brenda Bartman on Aug 18th, 2026

OneDigital Investment Advisors LLC purchased a new stake in Fortinet, Inc. (NASDAQ:FTNT – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,543 shares of the software maker’s stock, valued at approximately $852,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTNT. Physician Wealth Advisors Inc. increased its position in shares of Fortinet by 408.3% in the first quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock valued at $25,000 after acquiring an additional 245 shares during the last quarter. Wexford Capital LP acquired a new position in Fortinet during the third quarter valued at approximately $25,000. Elyxium Wealth LLC acquired a new position in Fortinet during the fourth quarter valued at approximately $27,000. Palisade Asset Management LLC bought a new position in Fortinet in the third quarter valued at approximately $28,000. Finally, Ares Financial Consulting LLC bought a new position in Fortinet in the fourth quarter valued at approximately $29,000. 83.71% of the stock is owned by institutional investors.

Fortinet Stock Performance

FTNT opened at $155.85 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 0.32. Fortinet, Inc. has a 12-month low of $73.55 and a 12-month high of $172.09. The business has a 50 day moving average of $155.31 and a 200-day moving average of $115.83. The stock has a market cap of $114.35 billion, a price-to-earnings ratio of 54.88, a PEG ratio of 3.03 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 analysts’ consensus estimates of $0.75 by $0.15. Fortinet had a return on equity of 191.54% and a net margin of 28.17%.The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s 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, Inc. will post 3.05 earnings per share for the current year.

Insider Activity

In other news, 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 transaction of $26,266,662.12. Following the completion of the sale, the chief executive officer 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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. Also, VP Michael Xie sold 3,907 shares of the business’s stock in a transaction 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 sale, the vice president owned 9,923,610 shares of the company’s stock, valued at $1,453,213,448.40. This trade represents a 0.04% 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. Insiders have sold 475,157 shares of company stock valued at $69,480,964 over the last ninety days. 17.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. UBS Group reiterated a “neutral” rating and set a $180.00 price objective on shares of Fortinet in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on shares of Fortinet from $73.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Wolfe Research set a $175.00 target price on shares of Fortinet in a report on Thursday, July 30th. BTIG Research upped their price target on shares of Fortinet from $186.00 to $203.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Barclays set a $190.00 price target on shares of Fortinet and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $150.91.

Read Our Latest Stock Analysis on FTNT

Fortinet Profile

(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.