Fortinet (NASDAQ:FTNT) Given Neutral Rating at Cantor Fitzgerald

Cantor Fitzgerald restated their neutral rating on shares of Fortinet (NASDAQ:FTNT) in a research note published on Tuesday morning,Benzinga reports. They currently have a $87.00 target price on the software maker’s stock.

Several other equities analysts have also recently weighed in on the stock. Citigroup reiterated a “neutral” rating and set a $90.00 price objective (up from $85.00) on shares of Fortinet in a research report on Monday, February 9th. Wedbush reiterated an “outperform” rating and set a $90.00 price objective on shares of Fortinet in a research report on Friday, February 6th. Truist Financial set a $88.00 price objective on shares of Fortinet in a research report on Tuesday, January 20th. Robert W. Baird set a $90.00 price objective on shares of Fortinet in a research report on Friday, February 6th. Finally, Evercore set a $80.00 price objective on shares of Fortinet in a research report on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $87.04.

Fortinet Trading Up 3.2%

NASDAQ FTNT opened at $85.26 on Tuesday. Fortinet has a twelve month low of $70.12 and a twelve month 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 stock has a market cap of $63.09 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 2.83 and a beta of 1.00. The firm’s 50 day moving average price is $81.66 and its two-hundred day moving average price is $81.70.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data 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 net margin of 27.26% and a return on equity of 124.21%. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the company posted $0.74 EPS. The company’s quarterly 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. Equities analysts anticipate that Fortinet will post 2.63 EPS for the current year.

Insider Buying and Selling at Fortinet

In other news, VP Michael Xie sold 343,106 shares of the business’s stock in a transaction 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 directly owned 10,210,282 shares in the company, valued at $831,321,160.44. The trade was a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ken Xie sold 175,737 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 51,396,385 shares in the company, valued at approximately $4,184,693,666.70. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 18.00% of the company’s stock.

Hedge Funds Weigh In On Fortinet

Several institutional investors and hedge funds have recently modified their holdings of FTNT. Financial Consulate Inc. purchased a new position in shares of Fortinet during the 3rd quarter valued at $25,000. Steigerwald Gordon & Koch Inc. bought a new stake in Fortinet in the third quarter worth $25,000. Pinnacle Holdings LLC bought a new stake in Fortinet in the third quarter worth $25,000. Ameriflex Group Inc. bought a new stake in Fortinet in the third quarter worth $25,000. Finally, Wexford Capital LP bought a new stake in Fortinet in the third quarter worth $25,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

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.