Roberts Glore & Co. Inc. IL Buys Shares of 12,868 Fortinet, Inc. $FTNT

Posted by Brenda Bartman on Aug 26th, 2026

Roberts Glore & Co. Inc. IL purchased a new stake in Fortinet, Inc. (NASDAQ:FTNT – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 12,868 shares of the software maker’s stock, valued at approximately $1,977,000.

Several other large investors have also recently made changes to their positions in the stock. Elevation Wealth Partners LLC boosted its position in Fortinet by 53.6% during the second quarter. Elevation Wealth Partners LLC now owns 215 shares of the software maker’s stock valued at $33,000 after purchasing an additional 75 shares in the last quarter. Florida Financial Advisors LLC raised its holdings in Fortinet by 3.0% in the first quarter. Florida Financial Advisors LLC now owns 3,780 shares of the software maker’s stock worth $309,000 after purchasing an additional 109 shares in the last quarter. Optimist Retirement Group LLC lifted its position in shares of Fortinet by 2.5% during the fourth quarter. Optimist Retirement Group LLC now owns 5,010 shares of the software maker’s stock valued at $398,000 after buying an additional 122 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in shares of Fortinet by 31.4% in the 4th quarter. GW&K Investment Management LLC now owns 515 shares of the software maker’s stock valued at $41,000 after buying an additional 123 shares in the last quarter. Finally, Delta Investment Management LLC boosted its holdings in shares of Fortinet by 2.4% in the 4th quarter. Delta Investment Management LLC now owns 5,250 shares of the software maker’s stock valued at $417,000 after buying an additional 125 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FTNT shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $160.00 target price on shares of Fortinet in a research report on Thursday, July 30th. Evercore set a $165.00 price objective on shares of Fortinet in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on Fortinet from $73.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Stifel Nicolaus set a $175.00 price target on shares of Fortinet and gave the company a “hold” rating in a research report on Thursday, July 30th. Finally, DZ Bank cut Fortinet from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twenty have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Fortinet has an average rating of “Hold” and an average target price of $150.91.

Check Out Our Latest Stock Analysis on FTNT

Insider Buying and Selling at Fortinet

In other news, VP Michael Xie sold 3,907 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total transaction of $572,141.08. Following the transaction, the vice president directly owned 9,923,610 shares in the company, valued at approximately $1,453,213,448.40. This trade represents a 0.04% decrease in their ownership of the stock. The sale 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 firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 52,972,372 shares in the company, valued at approximately $8,616,486,029.52. This represents a 0.30% decrease in their position. 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. Insiders sold 329,142 shares of company stock valued at $50,731,178 in the last 90 days. 17.60% of the stock is currently owned by insiders.

Fortinet Stock Performance

NASDAQ:FTNT opened at $153.66 on Wednesday. Fortinet, Inc. has a fifty-two week low of $73.55 and a fifty-two week high of $172.09. The company has a 50 day moving average price of $156.42 and a 200 day moving average price of $118.89. The stock has a market capitalization of $112.74 billion, a P/E ratio of 54.11, a PEG ratio of 2.88 and a beta of 1.07. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.28.

Fortinet (NASDAQ:FTNT – Get Free Report) last announced 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 firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.89 billion. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period 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. Equities research analysts forecast that Fortinet, Inc. will post 3.05 EPS for the current year.

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.