Fortinet, Inc. $FTNT Stock Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC lowered its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 89.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,465 shares of the software maker’s stock after selling 84,283 shares during the quarter. Curated Wealth Partners LLC’s holdings in Fortinet were worth $1,692,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Fortitude Family Office LLC raised its holdings in Fortinet by 39.4% in the 3rd quarter. Fortitude Family Office LLC now owns 283 shares of the software maker’s stock worth $51,000 after purchasing an additional 80 shares during the period. Western Financial Corp CA acquired a new position in shares of Fortinet during the third quarter valued at approximately $5,682,000. Columbus Macro LLC lifted its position in shares of Fortinet by 1.9% in the third quarter. Columbus Macro LLC now owns 2,981 shares of the software maker’s stock valued at $533,000 after acquiring an additional 55 shares in the last quarter. MinichMacGregor Wealth Management LLC purchased a new stake in shares of Fortinet during the third quarter worth approximately $1,056,000. Finally, Signal Advisors Wealth LLC acquired a new stake in shares of Fortinet in the third quarter valued at about $507,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortinet

In other Fortinet news, CEO Ken Xie sold 161,482 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $162.66, for a total value of $26,266,662.12. Following the completion of the transaction, the chief executive officer owned 52,972,372 shares in the company, valued at approximately $8,616,486,029.52. This represents a 0.30% decrease in their ownership of the stock. The transaction 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, COO John Whittle sold 53,865 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $165.44, for a total value of $8,911,425.60. Following the completion of the sale, the chief operating officer owned 96,987 shares in the company, valued at approximately $16,045,529.28. This represents a 35.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 221,303 shares of company stock worth $36,164,034. 17.60% of the stock is owned by company insiders.

Fortinet News Roundup

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet shares have benefited from expectations for upcoming earnings, with the company scheduled to report results on October 28. The stock’s recent earnings history—including stronger-than-expected revenue and EPS—has supported investor optimism. Fortinet Shares Jump with Earnings on Horizon
• Positive Sentiment: Fortinet’s expanded global partnership with Atos is intended to provide unified cybersecurity across hybrid- and multi-cloud environments. The broader engagement could improve enterprise distribution and support future service revenue. Atos expands partnership with Fortinet
• Positive Sentiment: Analysts and financial commentators continue to highlight Fortinet’s SASE growth, rising service revenue, AI-enabled security products and comparatively lower valuation versus Cloudflare, reinforcing the long-term growth narrative. NET vs. FTNT
• Neutral Sentiment: Fortinet’s participation at GovWare 2026 is drawing attention to its AI security and next-generation network-protection offerings, though the event itself does not guarantee near-term revenue growth. Fortinet’s AI Security Push and GovWare 2026 Spotlight
• Negative Sentiment: Wells Fargo raised its Fortinet price target to $160 from $135 but maintained an “underweight” rating. The new target remains below the recent trading level, signaling that the analyst views the stock as overvalued despite improving expectations.
• Negative Sentiment: A report that OpenAI may acquire a cybersecurity startup has pressured cybersecurity-sector shares, including Fortinet, by raising fears of a well-funded new competitor and greater competition for security spending. OpenAI Cybersecurity Deal Impacts Sector
• Negative Sentiment: Valuation remains a risk: Fortinet trades at a high earnings multiple after a strong rally, leaving the stock vulnerable to profit-taking or disappointment if upcoming results and guidance do not exceed elevated expectations. Fortinet Could Be Overvalued

Fortinet Stock Down 1.5%

Shares of Fortinet stock traded down $2.71 during trading on Thursday, hitting $181.34. 1,380,564 shares of the stock were exchanged, compared to its average volume of 5,823,960. The stock has a market cap of $133.06 billion, a price-to-earnings ratio of 63.85, a price-to-earnings-growth ratio of 3.56 and a beta of 1.03. The firm’s 50-day moving average price is $168.70 and its 200 day moving average price is $141.93. Fortinet, Inc. has a 12-month low of $73.55 and a 12-month high of $197.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.28 and a quick ratio of 1.19.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings results on Wednesday, July 29th. The software maker reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.89 billion. Fortinet had a return on equity of 191.54% and a net margin of 28.17%. Fortinet’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 EPS. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. As a group, analysts forecast that Fortinet, Inc. will post 3.10 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Fortinet from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Royal Bank Of Canada upped their price objective on Fortinet from $185.00 to $205.00 and gave the company a “sector perform” rating in a report on Monday. Scotiabank restated a “sector perform” rating and issued a $163.00 target price (up from $110.00) on shares of Fortinet in a research report on Thursday, July 30th. HSBC boosted their price objective on shares of Fortinet from $102.00 to $107.00 in a report on Friday, July 31st. Finally, TD Cowen reissued a “buy” rating and issued a $225.00 price target (up from $215.00) on shares of Fortinet in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $159.09.

Fortinet Company Profile

Fortinet, Inc develops and provides cybersecurity products and services for businesses, governments, and service providers. The company’s portfolio is designed to protect networks, endpoints, applications, cloud environments, and operational technology from cyber threats.

Its offerings include FortiGate next-generation firewalls, FortiSwitch secure networking switches, FortiAP wireless access points, FortiClient endpoint security, and FortiSASE secure access service edge solutions. Fortinet also provides centralized management and analytics through products such as FortiManager and FortiAnalyzer, along with security operations, threat intelligence, and other subscription-based services through its FortiGuard portfolio.

Founded in 2000, Fortinet serves customers globally through direct sales, channel partners, and managed security service providers.