Money Concepts Capital Corp Makes New Investment in Fortinet, Inc. $FTNT

Money Concepts Capital Corp bought a new position in Fortinet, Inc. (NASDAQ:FTNT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,931 shares of the software maker’s stock, valued at approximately $471,000.

A number of other hedge funds have also bought and sold shares of the business. ABC Arbitrage SA purchased a new position in Fortinet in the 4th quarter worth about $315,000. Lafayette Investments Inc. raised its position in Fortinet by 42.7% in the 4th quarter. Lafayette Investments Inc. now owns 3,401 shares of the software maker’s stock worth $270,000 after buying an additional 1,018 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs raised its position in Fortinet by 10.5% in the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 27,274 shares of the software maker’s stock worth $2,166,000 after buying an additional 2,588 shares during the last quarter. Valeo Financial Advisors LLC increased its position in shares of Fortinet by 7.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 16,393 shares of the software maker’s stock valued at $1,302,000 after purchasing an additional 1,154 shares during the last quarter. Finally, Swiss Life Asset Management Ltd increased its position in shares of Fortinet by 42.7% during the 4th quarter. Swiss Life Asset Management Ltd now owns 200,328 shares of the software maker’s stock valued at $15,908,000 after purchasing an additional 59,973 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FTNT. Arete Research set a $104.00 price target on shares of Fortinet and gave the company a “buy” rating in a research report on Monday, April 27th. Piper Sandler upped their price target on shares of Fortinet from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Truist Financial set a $120.00 price target on shares of Fortinet and gave the company a “buy” rating in a research report on Thursday, May 7th. Stifel Nicolaus set a $85.00 price target on shares of Fortinet in a research report on Wednesday, March 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Fortinet from $73.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Fortinet presently has an average rating of “Hold” and a consensus price target of $100.45.

Fortinet Trading Up 3.4%

Shares of NASDAQ:FTNT opened at $117.69 on Thursday. The stock has a 50 day moving average of $85.90 and a 200 day moving average of $82.84. The company has a market cap of $86.23 billion, a PE ratio of 45.44, a price-to-earnings-growth ratio of 3.29 and a beta of 0.92. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. Fortinet, Inc. has a 12-month low of $70.12 and a 12-month high of $117.84.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.20. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The firm’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 EPS. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, equities research analysts expect that Fortinet, Inc. will post 2.64 EPS for the current year.

Fortinet News Roundup

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet announced a deeper integration with NVIDIA to secure enterprise AI at scale, including zero-trust protection, runtime guardrails, and defenses against prompt injection and data leakage. Fortinet NVIDIA Alliance Puts AI Cybersecurity And Valuation Expectations In Focus
• Positive Sentiment: The NVIDIA partnership could strengthen Fortinet’s positioning in the fast-growing AI infrastructure market and support longer-term revenue opportunities from enterprise AI security. Fortinet Deepens Integration to Uniquely Secure Enterprise AI at Scale with NVIDIA
• Neutral Sentiment: Multiple articles highlighted Fortinet’s strong long-term stock performance, including a 10-year return that far outpaced the market, but this is mainly a retrospective look rather than a fresh business catalyst. $100 Invested In Fortinet 10 Years Ago Would Be Worth This Much Today
• Neutral Sentiment: Other commentary noted Fortinet as an AI-adjacent cybersecurity beneficiary, but also reflected broader debate about whether some AI-linked stocks have risen too far, which may temper enthusiasm. AI Rally May Have Gone Too Far With Some Stocks Up 70% in a Month

Insider Buying and Selling

In related news, CEO Ken Xie sold 5,355 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $88.90, for a total transaction of $476,059.50. Following the completion of the transaction, the chief executive officer directly owned 52,978,004 shares in the company, valued at approximately $4,709,744,555.60. The trade was a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Michael Xie sold 2,478 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $88.89, for a total value of $220,269.42. Following the transaction, the vice president owned 9,927,517 shares of the company’s stock, valued at approximately $882,456,986.13. This trade represents a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 17.60% 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.