Aaron Wealth Advisors LLC Buys 7,226 Shares of Fortinet, Inc. $FTNT

Aaron Wealth Advisors LLC boosted its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 92.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,059 shares of the software maker’s stock after purchasing an additional 7,226 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Fortinet were worth $1,196,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pinnacle Holdings LLC bought a new position in shares of Fortinet during the third quarter worth approximately $25,000. Financial Consulate Inc. bought a new position in shares of Fortinet during the third quarter worth approximately $25,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Fortinet during the third quarter worth approximately $25,000. Ameriflex Group Inc. bought a new position in shares of Fortinet during the third quarter worth approximately $25,000. Finally, Wexford Capital LP bought a new position in shares of Fortinet during the third quarter worth approximately $25,000. Institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on FTNT shares. Citigroup reissued a “neutral” rating and issued a $90.00 price objective (up from $85.00) on shares of Fortinet in a report on Monday, February 9th. Evercore set a $80.00 price objective on shares of Fortinet in a report on Friday, February 6th. Scotiabank downgraded shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective for the company. in a report on Monday, February 2nd. Truist Financial set a $88.00 price objective on shares of Fortinet in a report on Tuesday, January 20th. Finally, BMO Capital Markets boosted their price objective on shares of Fortinet from $90.00 to $95.00 and gave the company a “market perform” rating in a report on Monday, February 9th. Five analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $87.84.

Fortinet Stock Up 1.7%

NASDAQ FTNT opened at $83.72 on Wednesday. The business has a fifty day moving average price of $81.85 and a two-hundred day moving average price of $81.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $109.33. The stock has a market capitalization of $61.95 billion, a PE ratio of 34.45, a PEG ratio of 2.85 and a beta of 1.00.

Fortinet (NASDAQ:FTNT) last released its earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the company earned $0.74 earnings per share. The company’s quarterly revenue 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. Equities analysts expect that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Insider Activity at Fortinet

In related news, CEO Ken Xie sold 175,737 shares of Fortinet 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 $14,308,506.54. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Michael Xie sold 343,106 shares of Fortinet 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 sale, the vice president directly 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 disclosure for this sale is available in the SEC filing. Insiders own 17.20% of the company’s stock.

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.