Cantor Fitzgerald L. P. Makes New Investment in Fortinet, Inc. $FTNT

Cantor Fitzgerald L. P. bought a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 10,813 shares of the software maker’s stock, valued at approximately $909,000.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Fortinet by 2.2% in the 4th quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock valued at $976,000 after buying an additional 221 shares during the period. Bison Wealth LLC bought a new position in Fortinet in the 4th quarter worth about $585,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Fortinet during the second quarter worth approximately $603,000. Cetera Investment Advisers raised its stake in shares of Fortinet by 7.1% during the second quarter. Cetera Investment Advisers now owns 164,728 shares of the software maker’s stock valued at $17,415,000 after acquiring an additional 10,934 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in shares of Fortinet by 45.5% during the second quarter. Avantax Advisory Services Inc. now owns 27,075 shares of the software maker’s stock valued at $2,862,000 after acquiring an additional 8,465 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

Fortinet Stock Performance

Shares of FTNT stock opened at $83.39 on Thursday. The firm has a market cap of $61.70 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 2.87 and a beta of 1.05. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $109.33. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average is $80.96 and its 200 day moving average is $81.79.

Fortinet (NASDAQ:FTNT) last posted 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 analyst estimates of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.Fortinet’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business 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, sell-side analysts anticipate that Fortinet, Inc. will post 2.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fortinet news, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction dated Monday, February 2nd. The stock was 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. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ken Xie sold 175,737 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction 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 represents a 0.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 17.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FTNT shares. Sanford C. Bernstein reissued a “market perform” rating and issued a $83.00 price objective on shares of Fortinet in a research note on Friday, February 6th. Evercore set a $80.00 target price on Fortinet in a research report on Friday, February 6th. Rosenblatt Securities upped their target price on Fortinet from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Royal Bank Of Canada reissued a “sector perform” rating and set a $90.00 price target (up from $85.00) on shares of Fortinet in a research report on Friday, February 6th. Finally, Morgan Stanley restated an “underweight” rating and set a $70.00 price target (up from $66.00) on shares of Fortinet in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-two have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.