Rosenblatt Securities Forecasts Strong Price Appreciation for Fortinet (NASDAQ:FTNT) Stock

Fortinet (NASDAQ:FTNT) had its price objective hoisted by stock analysts at Rosenblatt Securities from $100.00 to $105.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Rosenblatt Securities’ price target indicates a potential upside of 26.87% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Truist Financial set a $88.00 target price on shares of Fortinet in a report on Tuesday, January 20th. Citigroup reiterated a “neutral” rating and set a $85.00 price target (up previously from $83.00) on shares of Fortinet in a report on Monday, January 12th. Scotiabank lowered shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective for the company. in a report on Monday, February 2nd. Oppenheimer reiterated a “market perform” rating on shares of Fortinet in a research note on Friday, January 23rd. Finally, Daiwa Securities Group lowered Fortinet from an “outperform” rating to a “neutral” rating and set a $86.00 target price for the company. in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $89.46.

Fortinet Stock Up 4.9%

FTNT stock opened at $82.76 on Friday. The business has a 50 day moving average of $80.37 and a 200 day moving average of $82.73. The firm has a market cap of $61.54 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 2.86 and a beta of 1.06. Fortinet has a twelve month low of $70.12 and a twelve month high of $114.82. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.68.

Fortinet (NASDAQ:FTNT) last released its earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.86 billion. Fortinet had a return on equity of 117.39% and a net margin of 27.26%.The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 earnings per share. 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, research analysts forecast that Fortinet will post 2.09 EPS for the current fiscal year.

Insider Transactions at Fortinet

In other news, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $14,308,506.54. Following the completion of the sale, the chief executive officer directly owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This represents a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Michael Xie sold 343,106 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $27,935,690.52. Following the completion of the sale, the vice president owned 10,210,282 shares of the company’s stock, valued at approximately $831,321,160.44. The trade was 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.

Institutional Investors Weigh In On Fortinet

A number of institutional investors have recently bought and sold shares of the business. Brighton Jones LLC raised its position in shares of Fortinet by 2.2% during the fourth quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock valued at $976,000 after buying an additional 221 shares during the last quarter. Bison Wealth LLC bought a new stake in Fortinet in the 4th quarter valued at $585,000. DAVENPORT & Co LLC lifted its stake in Fortinet by 1.3% in the 2nd quarter. DAVENPORT & Co LLC now owns 8,830 shares of the software maker’s stock worth $934,000 after purchasing an additional 115 shares in the last quarter. Optas LLC bought a new position in shares of Fortinet during the 2nd quarter valued at about $232,000. Finally, Maryland State Retirement & Pension System boosted its holdings in shares of Fortinet by 4.8% during the 2nd quarter. Maryland State Retirement & Pension System now owns 30,926 shares of the software maker’s stock valued at $3,269,000 after purchasing an additional 1,421 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Fortinet News Roundup

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Q4 beat and raised full‑year guidance — Fortinet reported Q4 revenue of $1.91B and EPS of $0.81 (above estimates) and issued FY‑2026 EPS guidance ahead of consensus; management highlighted strong enterprise demand. Read More.
• Positive Sentiment: Billings, product growth and Unified SASE strength — Billings rose ~18% (Unified SASE billings up ~40%) and product revenue grew double digits, underpinning revenue momentum. Read More.
• Positive Sentiment: Buyback expanded — company increased its buyback program by $1B to roughly $10.25B through Feb 2027, a shareholder‑friendly move that supports the stock. Read More.
• Positive Sentiment: Some bullish analyst action — Rosenblatt raised its target to $105 (buy), and Wedbush reaffirmed an outperform with a $90 target, giving upside voices amid mixed comments. Read More. • Read More.
• Neutral Sentiment: Primary disclosures and management commentary — full earnings call transcript and presentation are available for deeper read on cloud/SASE strategy and guidance detail. Read More. • Read More.
• Negative Sentiment: Analyst caution still present — JPMorgan and Mizuho raised price targets slightly but kept underweight/outperform/underperform stances that imply limited near‑term upside from some shops; Jefferies also remains cautious on 2026. Read More. • Read More. • Read More.
• Negative Sentiment: Insider selling — filings show large sales by the CEO and a VP, which may raise short‑term governance/flow concerns for some investors. Read More. • Read More.
• Neutral Sentiment: Street positioning mixed — some firms (Robert W. Baird, others) keep holds or reiterate neutral stances citing product strength offset by services slowdown or limited near‑term upside. Read More.

About Fortinet

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.