Clear Creek Financial Management LLC Takes $539,000 Position in Fortinet, Inc. $FTNT

Clear Creek Financial Management LLC purchased a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,413 shares of the software maker’s stock, valued at approximately $539,000.

A number of other hedge funds have also bought and sold shares of FTNT. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Fortinet by 5.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,370,633 shares of the software maker’s stock worth $114,968,000 after buying an additional 65,281 shares during the last quarter. King Luther Capital Management Corp raised its position in shares of Fortinet by 105.2% during the 3rd quarter. King Luther Capital Management Corp now owns 671,644 shares of the software maker’s stock valued at $56,472,000 after acquiring an additional 344,335 shares in the last quarter. Harold Davidson & Associates Inc. lifted its stake in Fortinet by 33.7% during the third quarter. Harold Davidson & Associates Inc. now owns 16,360 shares of the software maker’s stock worth $1,376,000 after purchasing an additional 4,124 shares during the last quarter. MRP Capital Investments LLC acquired a new position in Fortinet in the third quarter worth $2,589,000. Finally, Synovus Financial Corp increased its stake in Fortinet by 2.3% during the third quarter. Synovus Financial Corp now owns 31,838 shares of the software maker’s stock valued at $2,677,000 after purchasing an additional 705 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fortinet

In related news, VP Michael Xie sold 343,106 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ken Xie sold 175,737 shares of the 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 directly owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. The trade was a 0.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 17.20% of the company’s stock.

Fortinet Stock Performance

Shares of NASDAQ FTNT opened at $80.00 on Friday. Fortinet, Inc. has a 12-month low of $70.12 and a 12-month high of $114.57. The company has a market cap of $59.49 billion, a PE ratio of 32.92, a P/E/G ratio of 2.77 and a beta of 1.06. The stock has a 50 day simple moving average of $80.48 and a 200-day simple moving average of $81.47. The company has a current ratio of 1.17, a quick ratio of 1.09 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 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.07. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the business earned $0.74 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. 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 forecast that Fortinet, Inc. will post 2.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FTNT. Rosenblatt Securities raised their price target on shares of Fortinet from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. TD Cowen upgraded shares of Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Friday, January 23rd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $90.00 target price (up previously from $85.00) on shares of Fortinet in a report on Friday, February 6th. HSBC lowered Fortinet from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Finally, Mizuho raised their price target on Fortinet from $72.00 to $74.00 and gave the stock an “underperform” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-three have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fortinet has a consensus rating of “Hold” and a consensus price target of $89.42.

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.