Forum Financial Management LP Sells 4,990 Shares of Fortinet, Inc. $FTNT

Forum Financial Management LP lowered its position in Fortinet, Inc. (NASDAQ:FTNT) by 58.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 3,488 shares of the software maker’s stock after selling 4,990 shares during the period. Forum Financial Management LP’s holdings in Fortinet were worth $285,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Pinnacle Holdings LLC bought a new stake in shares of Fortinet during the 3rd quarter worth about $25,000. Ameriflex Group Inc. bought a new position in Fortinet in the 3rd quarter worth $25,000. Wexford Capital LP acquired a new position in Fortinet during the 3rd quarter worth $25,000. Palisade Asset Management LLC acquired a new position in Fortinet during the 3rd quarter worth $28,000. Finally, Elyxium Wealth LLC bought a new stake in Fortinet during the 4th quarter valued at approximately $27,000. 83.71% of the stock is currently owned by institutional investors.

Insider Activity at Fortinet

In other Fortinet news, CEO Ken Xie sold 160,632 shares of the business’s stock in a transaction dated 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 completion of 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. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John Whittle sold 146,015 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $128.41, for a total value of $18,749,786.15. Following the completion of the sale, the chief operating officer owned 94,724 shares of the company’s stock, valued at $12,163,508.84. This trade represents a 60.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 318,387 shares of company stock worth $43,403,063 in the last ninety days. Company insiders own 17.60% of the company’s stock.

Fortinet Price Performance

Fortinet stock opened at $158.98 on Thursday. The business’s fifty day moving average is $127.45 and its two-hundred day moving average is $97.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.15. The firm has a market cap of $116.48 billion, a P/E ratio of 61.38, a P/E/G ratio of 4.21 and a beta of 1.09. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $159.80.

Fortinet (NASDAQ:FTNT) last announced its earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.20. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the business earned $0.58 earnings per share. Fortinet’s quarterly revenue was up 20.1% on a year-over-year basis. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Equities research analysts forecast that Fortinet, Inc. will post 2.78 earnings per share for the current fiscal year.

Trending Headlines about Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet was highlighted as a strong momentum stock by Zacks, reinforcing the idea that the shares are technically strong and attracting investor interest. Here’s Why Fortinet (FTNT) is a Strong Momentum Stock
• Positive Sentiment: Liquid Networx expanded Fortinet security offerings through AWS and Azure Marketplace, a sign of broader channel reach and potential incremental demand for Fortinet licensing and services. Liquid Networx Expands Fortinet Security Offerings via AWS and Azure Marketplace
• Positive Sentiment: Several recent articles pointed to Fortinet as a potentially top-performing AI/cybersecurity stock, with one noting Barclays raised its price target to $155, which can boost investor confidence. Fortinet (FTNT) Stock Could Be A Top Performer This Year Amid Cautious Guidance
• Neutral Sentiment: Fortinet was included in a list of the most profitable software stocks, which supports the company’s fundamental profile but is not a direct catalyst. 5 Most Profitable Software Stocks to Buy Right Now
• Neutral Sentiment: Bernstein’s Hold rating suggests mixed expectations, while a separate sell recommendation adds caution and may limit enthusiasm around the stock’s near-term upside. Fortinet (FTNT) Gets a Hold from Bernstein Fortinet (FTNT): New Sell Recommendation for This Technology Giant
• Negative Sentiment: Wall Street coverage remains somewhat divided, with cautious guidance still a theme in some commentary, which could temper gains if investors focus on valuation and growth concerns. Here are Tuesday’s Best Wall Street Analyst Research Calls

Analysts Set New Price Targets

Several analysts have issued reports on FTNT shares. Robert W. Baird set a $115.00 price target on shares of Fortinet in a research report on Thursday, May 7th. Barclays set a $155.00 target price on shares of Fortinet and gave the company an “equal weight” rating in a research report on Friday, June 12th. Stephens set a $115.00 price target on shares of Fortinet and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Scotiabank raised their price target on shares of Fortinet from $85.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Finally, UBS Group boosted their target price on shares of Fortinet from $90.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $107.58.

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.