Fortinet, Inc. $FTNT Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC reduced its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 24.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,740 shares of the software maker’s stock after selling 8,895 shares during the period. Flagship Harbor Advisors LLC’s holdings in Fortinet were worth $2,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Fiduciary Trust Co lifted its stake in Fortinet by 1.2% in the 3rd quarter. Fiduciary Trust Co now owns 10,823 shares of the software maker’s stock worth $910,000 after purchasing an additional 130 shares in the last quarter. L2 Asset Management LLC increased its holdings in shares of Fortinet by 5.1% in the second quarter. L2 Asset Management LLC now owns 2,847 shares of the software maker’s stock valued at $301,000 after purchasing an additional 137 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Fortinet by 40.6% during the third quarter. Meeder Asset Management Inc. now owns 481 shares of the software maker’s stock worth $40,000 after buying an additional 139 shares in the last quarter. Optimist Retirement Group LLC boosted its stake in Fortinet by 2.9% during the third quarter. Optimist Retirement Group LLC now owns 4,888 shares of the software maker’s stock worth $411,000 after buying an additional 140 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in Fortinet by 11.4% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,410 shares of the software maker’s stock worth $149,000 after buying an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Transactions at Fortinet

In other news, CEO Ken Xie sold 175,737 shares of the 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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the vice president directly owned 10,210,282 shares of the company’s stock, valued at approximately $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 owned by corporate insiders.

Fortinet Stock Performance

NASDAQ:FTNT opened at $83.72 on Wednesday. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $109.33. 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 company has a 50 day moving average price of $81.85 and a 200 day moving average price of $81.97. The stock has a market capitalization of $61.95 billion, a P/E ratio of 34.45, a PEG ratio of 2.85 and a beta of 1.00.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The firm’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm 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. Equities research analysts forecast that Fortinet, Inc. will post 2.09 EPS for the current year.

Wall Street Analyst Weigh In

FTNT has been the subject of a number of recent research reports. Jefferies Financial Group set a $90.00 target price on Fortinet in a research note on Friday, February 6th. Wedbush reissued an “outperform” rating and issued a $90.00 price objective on shares of Fortinet in a report on Friday, February 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $90.00 target price (up from $85.00) on shares of Fortinet in a research note on Friday, February 6th. Mizuho increased their price target on shares of Fortinet from $72.00 to $74.00 and gave the company an “underperform” rating in a research note on Friday, February 6th. Finally, Rosenblatt Securities upped their price objective on Fortinet from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $87.84.

Fortinet 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.