Fortinet, Inc. (NASDAQ:FTNT) Receives Consensus Recommendation of “Hold” from Brokerages

Fortinet, Inc. (NASDAQ:FTNT) has received an average recommendation of “Hold” from the thirty-one research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, twenty-two have given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $89.4231.

Several equities analysts have commented on the stock. Truist Financial set a $88.00 price target on shares of Fortinet in a research note on Tuesday, January 20th. Wedbush reiterated an “outperform” rating and issued a $90.00 price target on shares of Fortinet in a research note on Friday, February 6th. UBS Group reiterated a “neutral” rating and set a $90.00 target price on shares of Fortinet in a research report on Friday, February 6th. TD Cowen upgraded shares of Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Friday, January 23rd. Finally, Jefferies Financial Group set a $90.00 price objective on Fortinet in a research report on Friday, February 6th.

Insider Buying and Selling

In other Fortinet news, CEO Ken Xie sold 175,737 shares of the company’s 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 transaction, the chief executive officer directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 value 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. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 18.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fortinet

Several hedge funds have recently added to or reduced their stakes in the business. LSV Asset Management purchased a new position in Fortinet during the second quarter worth $25,000. Pinnacle Holdings LLC purchased a new stake in Fortinet in the 3rd quarter valued at about $25,000. Financial Consulate Inc. acquired a new position in Fortinet during the third quarter worth approximately $25,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Fortinet in the 3rd quarter worth $25,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Fortinet in the 3rd quarter valued at about $25,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Fortinet Stock Down 4.5%

NASDAQ:FTNT opened at $81.69 on Wednesday. Fortinet has a 52 week low of $70.12 and a 52 week high of $114.82. The stock’s fifty day moving average is $80.56 and its two-hundred day moving average is $81.71. The stock has a market capitalization of $60.75 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 2.95 and a beta of 1.06. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm 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 company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous 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. Research analysts anticipate that Fortinet will post 2.09 EPS for the current 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.