SHP Wealth Management Makes New Investment in Fortinet, Inc. $FTNT

SHP Wealth Management purchased a new stake in Fortinet, Inc. (NASDAQ:FTNT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,532 shares of the software maker’s stock, valued at approximately $995,000.

Several other institutional investors have also recently made changes to their positions in FTNT. Pinnacle Holdings LLC bought a new position in shares of Fortinet during the 3rd quarter worth about $25,000. Ameriflex Group Inc. acquired a new stake in shares of Fortinet in the 3rd quarter valued at about $25,000. Wexford Capital LP bought a new stake in Fortinet in the 3rd quarter valued at about $25,000. Elyxium Wealth LLC bought a new stake in Fortinet in the 4th quarter valued at about $27,000. Finally, Palisade Asset Management LLC acquired a new position in Fortinet during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Price Performance

FTNT stock opened at $144.73 on Friday. The firm has a market capitalization of $106.04 billion, a PE ratio of 55.88, a P/E/G ratio of 3.96 and a beta of 1.11. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $150.07. The stock’s 50 day moving average is $116.11 and its 200-day moving average is $93.37.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.20. The business 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%.Fortinet’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.58 earnings per share. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Sell-side analysts expect that Fortinet, Inc. will post 2.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FTNT has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price target on Fortinet from $73.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Cantor Fitzgerald restated a “neutral” rating and set a $87.00 price objective on shares of Fortinet in a report on Tuesday, April 21st. Arete Research set a $104.00 target price on Fortinet and gave the stock a “buy” rating in a research report on Monday, April 27th. Barclays set a $155.00 target price on Fortinet and gave the stock an “equal weight” rating in a report on Friday, June 12th. Finally, Citigroup lifted their price target on shares of Fortinet from $90.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fortinet presently has an average rating of “Hold” and an average target price of $107.77.

Insiders Place Their Bets

In related news, VP Michael Xie sold 3,907 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total transaction of $572,141.08. Following the transaction, the vice president directly owned 9,923,610 shares of the company’s stock, valued at $1,453,213,448.40. This trade represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John Whittle sold 146,015 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the transaction, the chief operating officer directly owned 94,724 shares in the company, valued at $12,163,508.84. The trade was a 60.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 318,387 shares of company stock valued at $43,403,063 in the last three months. 17.60% of the stock is currently owned by insiders.

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.