Stratos Wealth Advisors LLC Acquires 11,884 Shares of Fortinet, Inc. $FTNT

Stratos Wealth Advisors LLC raised its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 56.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,926 shares of the software maker’s stock after acquiring an additional 11,884 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Fortinet were worth $2,615,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Allstate Corp bought a new position in Fortinet during the 3rd quarter worth approximately $2,034,000. Asset Management One Co. Ltd. boosted its position in shares of Fortinet by 4.7% during the third quarter. Asset Management One Co. Ltd. now owns 402,278 shares of the software maker’s stock worth $33,824,000 after purchasing an additional 17,892 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Fortinet by 465.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 756,651 shares of the software maker’s stock valued at $64,255,000 after buying an additional 622,809 shares during the period. Machina Capital S.A.S. bought a new stake in shares of Fortinet in the 3rd quarter valued at $1,177,000. Finally, Victory Capital Management Inc. lifted its holdings in Fortinet by 5.8% during the third quarter. Victory Capital Management Inc. now owns 1,651,683 shares of the software maker’s stock worth $138,874,000 after acquiring an additional 90,284 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ken Xie sold 175,737 shares of Fortinet stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $14,308,506.54. Following the completion of the transaction, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at $4,184,693,666.70. This trade represents a 0.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Michael Xie sold 343,106 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 $27,935,690.52. Following the completion of the sale, the vice president directly owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. The trade was a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 17.20% of the company’s stock.

Fortinet Price Performance

NASDAQ:FTNT opened at $82.53 on Friday. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $109.33. The company has a market cap of $61.07 billion, a P/E ratio of 33.96, a P/E/G ratio of 2.85 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. The stock’s 50-day simple moving average is $81.83 and its 200 day simple moving average is $81.95.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the company earned $0.74 earnings per share. The business’s 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, sell-side analysts forecast that Fortinet, Inc. will post 2.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Robert W. Baird set a $90.00 price target on Fortinet in a research report on Friday, February 6th. Barclays set a $88.00 target price on shares of Fortinet in a report on Tuesday, February 3rd. Wells Fargo & Company started coverage on shares of Fortinet in a report on Tuesday, March 3rd. They issued an “underweight” rating and a $64.00 price target for the company. UBS Group restated a “neutral” rating and set a $90.00 price objective on shares of Fortinet in a report on Friday, February 6th. Finally, Evercore set a $80.00 target price on shares of Fortinet in a research note on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $87.84.

Fortinet 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.