Sagespring Wealth Partners LLC Acquires 7,808 Shares of Fortinet, Inc. $FTNT

Sagespring Wealth Partners LLC boosted its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 175.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,250 shares of the software maker’s stock after purchasing an additional 7,808 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Fortinet were worth $973,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in Fortinet in the second quarter worth $1,640,900,000. Vanguard Group Inc. grew its stake in shares of Fortinet by 4.0% in the third quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock worth $6,354,874,000 after acquiring an additional 2,894,355 shares during the period. Van ECK Associates Corp grew its position in Fortinet by 62.1% in the 3rd quarter. Van ECK Associates Corp now owns 5,564,558 shares of the software maker’s stock worth $467,868,000 after purchasing an additional 2,132,109 shares during the period. First Trust Advisors LP increased its position in Fortinet by 30.9% during the third quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker’s stock valued at $636,962,000 after acquiring an additional 1,790,033 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Fortinet by 17.0% during the 3rd quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock valued at $909,453,000 after purchasing an additional 1,568,337 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

FTNT has been the topic of several recent research reports. 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. Stifel Nicolaus set a $85.00 target price on shares of Fortinet in a report on Wednesday, March 11th. Wells Fargo & Company initiated coverage on shares of Fortinet in a research report on Tuesday, March 3rd. They issued an “underweight” rating and a $64.00 price target on the stock. Mizuho lifted their price target on shares of Fortinet from $72.00 to $74.00 and gave the stock an “underperform” rating in a research note on Friday, February 6th. Finally, Jefferies Financial Group set a $90.00 price objective on shares of Fortinet in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $88.62.

Insider Buying and Selling

In related news, CEO Ken Xie sold 175,737 shares of the business’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael Xie sold 343,106 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $831,321,160.44. The trade was a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 18.00% of the stock is currently owned by insiders.

Fortinet Trading Down 2.1%

Shares of FTNT stock opened at $81.40 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. The stock has a fifty day simple moving average of $81.10 and a two-hundred day simple moving average of $81.89. The firm has a market capitalization of $60.23 billion, a PE ratio of 33.50, a PEG ratio of 2.81 and a beta of 1.05. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $109.33.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, beating 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 124.21% and a net margin of 27.26%.The business’s revenue was up 14.8% on a year-over-year basis. During the same period 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, analysts predict that Fortinet, Inc. will post 2.09 EPS for the current fiscal year.

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.