Trilogy Capital Inc. Boosts Stake in Fortinet, Inc. $FTNT

Trilogy Capital Inc. lifted its position in Fortinet, Inc. (NASDAQ:FTNT) by 13.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,905 shares of the software maker’s stock after purchasing an additional 5,753 shares during the quarter. Trilogy Capital Inc.’s holdings in Fortinet were worth $4,078,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FTNT. Pictet Asset Management Holding SA boosted its holdings in shares of Fortinet by 4.2% in the first quarter. Pictet Asset Management Holding SA now owns 3,287,041 shares of the software maker’s stock valued at $268,430,000 after acquiring an additional 131,048 shares during the period. Maridea Wealth Management LLC increased its holdings in shares of Fortinet by 50.6% in the 1st quarter. Maridea Wealth Management LLC now owns 10,044 shares of the software maker’s stock valued at $821,000 after acquiring an additional 3,375 shares during the period. J2 Capital Management Inc raised its position in Fortinet by 6.9% in the 1st quarter. J2 Capital Management Inc now owns 11,958 shares of the software maker’s stock valued at $977,000 after purchasing an additional 775 shares during the last quarter. Maseco LLP purchased a new stake in Fortinet in the 1st quarter valued at $29,000. Finally, OLD National Bancorp IN boosted its stake in Fortinet by 5.6% during the 1st quarter. OLD National Bancorp IN now owns 229,509 shares of the software maker’s stock worth $18,755,000 after purchasing an additional 12,077 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Fortinet Stock Up 0.9%

Shares of Fortinet stock opened at $151.35 on Friday. The company has a market cap of $110.89 billion, a P/E ratio of 58.44, a PEG ratio of 4.14 and a beta of 1.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.15. Fortinet, Inc. has a one year low of $70.12 and a one year high of $152.77. The firm has a fifty day moving average of $123.02 and a two-hundred day moving average of $95.61.

Fortinet (NASDAQ:FTNT) last released its earnings results on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.62 by $0.20. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The business’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business earned $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. On average, analysts forecast that Fortinet, Inc. will post 2.78 earnings per share for the current year.

Insider Activity at Fortinet

In other Fortinet news, VP Michael Xie sold 3,907 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $146.44, for a total transaction of $572,141.08. Following the transaction, the vice president owned 9,923,610 shares in the company, valued at approximately $1,453,213,448.40. The trade was a 0.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ken Xie sold 160,632 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $145.58, for a total value of $23,384,806.56. Following the transaction, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at approximately $7,711,717,915.76. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 318,387 shares of company stock worth $43,403,063 over the last 90 days. Company insiders own 17.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Piper Sandler raised their price objective on shares of Fortinet from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $87.00 target price on shares of Fortinet in a report on Tuesday, April 21st. Morgan Stanley reiterated an “underweight” rating and set a $80.00 target price on shares of Fortinet in a research note on Thursday, May 7th. Bank of America raised their price target on Fortinet from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $107.00 price target (up from $90.00) on shares of Fortinet in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $107.77.

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.