CoreCap Advisors LLC Has $1.88 Million Holdings in Fortinet, Inc. $FTNT

CoreCap Advisors LLC raised its position in Fortinet, Inc. (NASDAQ:FTNT) by 41.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,677 shares of the software maker’s stock after purchasing an additional 6,899 shares during the quarter. CoreCap Advisors LLC’s holdings in Fortinet were worth $1,880,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Pinnacle Holdings LLC bought a new position in shares of Fortinet during the third quarter worth about $25,000. Financial Consulate Inc. bought a new stake in Fortinet in the 3rd quarter valued at approximately $25,000. Steigerwald Gordon & Koch Inc. acquired a new position in Fortinet during the 3rd quarter worth approximately $25,000. Ameriflex Group Inc. acquired a new position in Fortinet during the 3rd quarter worth approximately $25,000. Finally, Wexford Capital LP bought a new position in shares of Fortinet during the 3rd quarter worth approximately $25,000. 83.71% of the stock is currently owned by institutional investors.

Fortinet Stock Performance

Shares of FTNT stock opened at $78.20 on Friday. The company has a fifty day moving average price of $81.41 and a two-hundred day moving average price of $81.91. Fortinet, Inc. has a one year low of $70.12 and a one year high of $109.33. The stock has a market cap of $57.86 billion, a P/E ratio of 32.18, a P/E/G ratio of 2.70 and a beta of 1.05. 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 (NASDAQ:FTNT) last issued its earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the firm earned $0.74 EPS. Fortinet’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. As a group, equities analysts predict that Fortinet, Inc. will post 2.09 EPS for the current year.

Analysts Set New Price Targets

FTNT has been the topic of a number of recent research reports. Scotiabank downgraded shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective on the stock. in a report on Monday, February 2nd. Mizuho increased their target price on shares of Fortinet from $72.00 to $74.00 and gave the stock an “underperform” rating in a report on Friday, February 6th. Stifel Nicolaus set a $85.00 price target on shares of Fortinet in a research note on Wednesday, March 11th. Jefferies Financial Group set a $90.00 price target on shares of Fortinet in a research report on Friday, February 6th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $83.00 price objective on shares of Fortinet in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-two have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Fortinet has a consensus rating of “Hold” and an average price target of $88.62.

Insider Buying and Selling

In related news, CEO Ken Xie sold 175,737 shares of the 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $27,935,690.52. Following the sale, the vice president directly owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. This represents a 3.25% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 17.20% of the company’s stock.

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.