Argent Capital Management LLC Has $46.59 Million Position in Fortinet, Inc. $FTNT

Argent Capital Management LLC cut its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 3.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 586,688 shares of the software maker’s stock after selling 23,088 shares during the period. Fortinet comprises approximately 1.3% of Argent Capital Management LLC’s holdings, making the stock its 26th largest position. Argent Capital Management LLC owned approximately 0.08% of Fortinet worth $46,589,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Fortinet by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock worth $6,354,874,000 after purchasing an additional 2,894,355 shares during the last quarter. State Street Corp lifted its holdings in shares of Fortinet by 1.6% during the 3rd quarter. State Street Corp now owns 29,660,558 shares of the software maker’s stock valued at $2,493,860,000 after buying an additional 477,397 shares during the last quarter. Norges Bank acquired a new stake in shares of Fortinet during the 2nd quarter valued at about $1,640,900,000. Invesco Ltd. grew its stake in shares of Fortinet by 17.0% in the 3rd quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock valued at $909,453,000 after buying an additional 1,568,337 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Fortinet by 30.9% in the third quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker’s stock worth $636,962,000 after buying an additional 1,790,033 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Stock Down 0.3%

FTNT opened at $83.12 on Friday. The business has a 50 day moving average of $81.06 and a 200-day moving average of $81.80. The stock has a market capitalization of $61.50 billion, a price-to-earnings ratio of 34.21, a P/E/G ratio of 2.88 and a beta of 1.05. 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, Inc. has a 1-year low of $70.12 and a 1-year high of $109.33.

Fortinet (NASDAQ:FTNT) last announced its earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Fortinet’s revenue was up 14.8% compared to the same quarter last year. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. As a group, sell-side analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FTNT shares. Scotiabank downgraded Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective on the stock. in a report on Monday, February 2nd. Mizuho boosted their target price on shares of Fortinet from $72.00 to $74.00 and gave the stock an “underperform” rating in a research report on Friday, February 6th. Rosenblatt Securities increased their price target on shares of Fortinet from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Barclays set a $88.00 price target on shares of Fortinet in a report on Tuesday, February 3rd. Finally, Robert W. Baird set a $90.00 price objective on shares of Fortinet in a research note on Friday, February 6th. One equities 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 four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $88.62.

Insider Transactions at Fortinet

In other news, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the completion of 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 represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael Xie sold 343,106 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value 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 represents a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is currently owned by corporate 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.