CreativeOne Wealth LLC Sells 12,611 Shares of Fortinet, Inc. $FTNT

CreativeOne Wealth LLC cut its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 63.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,309 shares of the software maker’s stock after selling 12,611 shares during the period. CreativeOne Wealth LLC’s holdings in Fortinet were worth $615,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FTNT. LSV Asset Management purchased a new position in Fortinet in the 2nd quarter worth about $25,000. Financial Consulate Inc. purchased a new stake in shares of Fortinet during the 3rd quarter valued at about $25,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Fortinet during the 3rd quarter valued at about $25,000. Pinnacle Holdings LLC bought a new stake in shares of Fortinet in the third quarter worth approximately $25,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Fortinet in the third quarter worth approximately $25,000. 83.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FTNT. Stifel Nicolaus set a $85.00 price objective on shares of Fortinet in a research report on Wednesday. TD Cowen raised shares of Fortinet from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Friday, January 23rd. Rosenblatt Securities boosted their target price on shares of Fortinet from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Cantor Fitzgerald reissued a “neutral” rating on shares of Fortinet in a report on Thursday. Finally, Barclays set a $88.00 price target on Fortinet in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Fortinet presently has an average rating of “Hold” and an average price target of $88.62.

Fortinet Stock Performance

Shares of NASDAQ FTNT opened at $84.40 on Friday. Fortinet, Inc. has a 12-month low of $70.12 and a 12-month high of $109.33. The firm has a market capitalization of $62.45 billion, a price-to-earnings ratio of 34.73, a price-to-earnings-growth ratio of 2.88 and a beta of 1.05. 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 firm has a 50 day moving average of $80.55 and a 200 day moving average of $81.62.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings results 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 business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last 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. On average, research analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current year.

Insider Buying and Selling at Fortinet

In related news, 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 value 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 trade represents a 0.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction 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 transaction, the vice president owned 10,210,282 shares in the company, valued at $831,321,160.44. This trade represents a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 17.20% of the company’s stock.

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.