Advisors Asset Management Inc. Buys 6,114 Shares of Fortinet, Inc. $FTNT

Advisors Asset Management Inc. grew its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 14.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,539 shares of the software maker’s stock after purchasing an additional 6,114 shares during the quarter. Advisors Asset Management Inc.’s holdings in Fortinet were worth $4,081,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. LSV Asset Management bought a new stake in Fortinet during the second quarter worth $25,000. Financial Consulate Inc. bought a new position in shares of Fortinet in the 3rd quarter valued at about $25,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Fortinet during the 3rd quarter worth about $25,000. Quaker Wealth Management LLC increased its stake in shares of Fortinet by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 363 shares of the software maker’s stock worth $38,000 after purchasing an additional 726 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Fortinet in the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Stock Performance

NASDAQ FTNT opened at $85.56 on Friday. The firm has a 50-day moving average price of $80.56 and a two-hundred day moving average price of $82.22. Fortinet, Inc. has a 12-month low of $70.12 and a 12-month high of $114.82. The company has a market capitalization of $63.63 billion, a P/E ratio of 35.21, a P/E/G ratio of 2.91 and a beta of 1.06. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40.

Fortinet (NASDAQ:FTNT) last announced 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 company had revenue of $1.91 billion for 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 for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $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. Analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on FTNT shares. Evercore set a $80.00 price objective on Fortinet in a research note on Friday, February 6th. Sanford C. Bernstein restated a “market perform” rating and issued a $83.00 price target on shares of Fortinet in a research note on Friday, February 6th. Barclays set a $88.00 price target on Fortinet in a report on Tuesday, February 3rd. Oppenheimer reiterated a “market perform” rating on shares of Fortinet in a report on Friday, January 23rd. Finally, UBS Group restated a “neutral” rating and set a $90.00 target price on shares of Fortinet in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $89.07.

Insider Buying and Selling 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 transaction 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 approximately $4,184,693,666.70. This represents a 0.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Michael Xie sold 343,106 shares of the firm’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 $27,935,690.52. Following the completion of the transaction, the vice president owned 10,210,282 shares in the company, valued at $831,321,160.44. The trade was a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. 17.20% of the stock is owned by 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.