Fortinet, Inc. $FTNT Shares Sold by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. trimmed its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 97.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,822 shares of the software maker’s stock after selling 151,863 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Fortinet were worth $321,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. LSV Asset Management purchased a new position in Fortinet during the second quarter worth $25,000. Financial Consulate Inc. acquired a new stake in shares of Fortinet during the third quarter valued at $25,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Fortinet during the 3rd quarter worth about $25,000. SJS Investment Consulting Inc. raised its stake in Fortinet by 1,556.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 381 shares of the software maker’s stock valued at $32,000 after purchasing an additional 358 shares during the last quarter. Finally, Quaker Wealth Management LLC lifted its holdings in Fortinet by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 363 shares of the software maker’s stock valued at $38,000 after purchasing an additional 726 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FTNT. HSBC downgraded shares of Fortinet from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Scotiabank cut shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 target price for the company. in a research note on Monday, February 2nd. Piper Sandler reiterated a “neutral” rating and issued a $90.00 price target (up from $85.00) on shares of Fortinet in a report on Monday, January 5th. Barclays set a $88.00 price objective on Fortinet in a report on Tuesday, February 3rd. Finally, UBS Group reiterated a “neutral” rating and issued a $90.00 target price on shares of Fortinet in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Fortinet presently has an average rating of “Hold” and a consensus price target of $89.07.

Insider Buying and Selling

In other news, CEO Ken Xie sold 175,737 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $14,308,506.54. Following the transaction, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. This trade represents a 0.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following 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. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is currently owned by corporate insiders.

Fortinet Trading Up 1.5%

FTNT stock opened at $85.56 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. The company has a market cap of $63.63 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 2.95 and a beta of 1.06. The business has a fifty day simple moving average of $80.56 and a 200-day simple moving average of $82.06. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $114.82.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, equities research analysts expect that Fortinet, Inc. will post 2.09 EPS for the current year.

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.