Fortinet, Inc. $FTNT Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC lifted its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 48.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,091 shares of the software maker’s stock after acquiring an additional 6,514 shares during the period. HB Wealth Management LLC’s holdings in Fortinet were worth $1,595,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Pinnacle Holdings LLC acquired a new stake in Fortinet during the 3rd quarter valued at $25,000. Financial Consulate Inc. acquired a new stake in Fortinet during the 3rd quarter valued at $25,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Fortinet during the 3rd quarter valued at $25,000. Ameriflex Group Inc. acquired a new stake in Fortinet during the 3rd quarter valued at $25,000. Finally, Wexford Capital LP acquired a new stake in Fortinet during the 3rd quarter valued at $25,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Price Performance

Shares of FTNT stock opened at $84.37 on Friday. The firm has a market cap of $62.43 billion, a P/E ratio of 34.72, a P/E/G ratio of 2.84 and a beta of 1.00. 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 1-year low of $70.12 and a 1-year high of $109.33. The firm has a fifty day moving average of $81.59 and a two-hundred day moving average of $81.71.

Fortinet (NASDAQ:FTNT) last announced 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. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the business earned $0.74 EPS. 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, research analysts anticipate that Fortinet, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Fortinet

In other Fortinet news, VP Michael Xie sold 343,106 shares of the firm’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 completion of the transaction, the vice president directly owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. This trade represents a 3.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ken Xie sold 175,737 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction 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. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 17.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $83.00 price target on shares of Fortinet in a report on Friday, February 6th. JPMorgan Chase & Co. raised their price target on shares of Fortinet from $72.00 to $73.00 and gave the company an “underweight” rating in a report on Friday, February 6th. Truist Financial set a $88.00 price target on shares of Fortinet in a report on Tuesday, January 20th. Oppenheimer reaffirmed a “market perform” rating on shares of Fortinet in a report on Friday, January 23rd. Finally, Barclays set a $88.00 price target on shares of Fortinet in a report on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Fortinet currently has an average rating of “Hold” and a consensus price target of $87.04.

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.