Blair William & Co. IL Sells 15,618 Shares of Fortinet, Inc. $FTNT

Blair William & Co. IL cut its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 7.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 186,845 shares of the software maker’s stock after selling 15,618 shares during the quarter. Blair William & Co. IL’s holdings in Fortinet were worth $15,710,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FTNT. LSV Asset Management bought a new position in Fortinet during the second quarter valued at about $25,000. Financial Consulate Inc. purchased a new stake in Fortinet during the third quarter worth about $25,000. Steigerwald Gordon & Koch Inc. bought a new stake in Fortinet in the third quarter worth about $25,000. Pinnacle Holdings LLC bought a new stake in Fortinet in the third quarter worth about $25,000. Finally, SJS Investment Consulting Inc. boosted its stake in Fortinet by 1,556.5% in the third quarter. SJS Investment Consulting Inc. now owns 381 shares of the software maker’s stock valued at $32,000 after acquiring an additional 358 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

Fortinet Price Performance

FTNT opened at $83.67 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $61.91 billion, a P/E ratio of 34.43, a PEG ratio of 2.89 and a beta of 1.05. The stock has a 50-day moving average price of $80.23 and a 200-day moving average price of $81.51. Fortinet, Inc. has a 12-month low of $70.12 and a 12-month high of $109.33.

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 analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $1.91 billion during 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%.Fortinet’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Equities analysts predict 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 the 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 of the company’s stock, valued at approximately $4,184,693,666.70. This trade represents a 0.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael Xie sold 343,106 shares of the 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 approximately $831,321,160.44. This represents a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 17.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $90.00 target price (up from $85.00) on shares of Fortinet in a research report on Friday, February 6th. Morgan Stanley reaffirmed an “underweight” rating and issued a $70.00 price target (up from $66.00) on shares of Fortinet in a report on Thursday, December 18th. Freedom Capital downgraded Fortinet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. TD Cowen raised Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Friday, January 23rd. Finally, UBS Group reissued a “neutral” rating and issued a $90.00 target price on shares of Fortinet in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $88.62.

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.