Fortinet (NASDAQ:FTNT) Given New $73.00 Price Target at JPMorgan Chase & Co.

Fortinet (NASDAQ:FTNT) had its price target boosted by JPMorgan Chase & Co. from $72.00 to $73.00 in a report issued on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the software maker’s stock.

Several other research firms also recently weighed in on FTNT. HSBC downgraded shares of Fortinet from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Oppenheimer restated a “market perform” rating on shares of Fortinet in a research report on Friday, January 23rd. UBS Group reiterated a “neutral” rating and set a $90.00 target price on shares of Fortinet in a report on Friday. Rosenblatt Securities raised their price target on Fortinet from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $87.00 price objective on shares of Fortinet in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-three have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Fortinet currently has an average rating of “Hold” and a consensus target price of $89.46.

Fortinet Stock Performance

NASDAQ FTNT opened at $82.76 on Friday. Fortinet has a 1-year low of $70.12 and a 1-year high of $114.82. The company has a market capitalization of $61.54 billion, a P/E ratio of 34.06, a PEG ratio of 2.73 and a beta of 1.06. The business has a 50 day moving average price of $80.37 and a 200 day moving average price of $82.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.03 and a quick ratio of 0.94.

Fortinet (NASDAQ:FTNT) last posted its earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a return on equity of 117.39% and a net margin of 27.26%.The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $0.74 earnings per share. Fortinet’s quarterly revenue was up 14.8% compared to the same quarter last year. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Sell-side analysts expect that Fortinet will post 2.09 EPS for the current fiscal year.

Insider Transactions at Fortinet

In other news, VP Michael Xie sold 343,106 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the transaction, the vice president directly owned 10,210,282 shares in the company, valued at $831,321,160.44. This represents a 3.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ken Xie sold 175,737 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the completion of the sale, the chief executive officer directly owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This represents a 0.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 17.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fortinet

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Fortinet by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock worth $6,354,874,000 after buying an additional 2,894,355 shares during the period. State Street Corp increased its stake in Fortinet by 1.6% during the third quarter. State Street Corp now owns 29,660,558 shares of the software maker’s stock worth $2,493,860,000 after acquiring an additional 477,397 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Fortinet by 5.2% in the 2nd quarter. Geode Capital Management LLC now owns 16,916,974 shares of the software maker’s stock worth $1,783,091,000 after purchasing an additional 828,569 shares during the period. Norges Bank acquired a new position in shares of Fortinet in the 2nd quarter valued at about $1,640,900,000. Finally, Invesco Ltd. grew its holdings in shares of Fortinet by 17.0% during the 3rd quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock worth $909,453,000 after purchasing an additional 1,568,337 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Key Headlines Impacting Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Q4 beat and raised full‑year guidance — Fortinet reported Q4 revenue of $1.91B and EPS of $0.81 (above estimates) and issued FY‑2026 EPS guidance ahead of consensus; management highlighted strong enterprise demand. Read More.
• Positive Sentiment: Billings, product growth and Unified SASE strength — Billings rose ~18% (Unified SASE billings up ~40%) and product revenue grew double digits, underpinning revenue momentum. Read More.
• Positive Sentiment: Buyback expanded — company increased its buyback program by $1B to roughly $10.25B through Feb 2027, a shareholder‑friendly move that supports the stock. Read More.
• Positive Sentiment: Some bullish analyst action — Rosenblatt raised its target to $105 (buy), and Wedbush reaffirmed an outperform with a $90 target, giving upside voices amid mixed comments. Read More. • Read More.
• Neutral Sentiment: Primary disclosures and management commentary — full earnings call transcript and presentation are available for deeper read on cloud/SASE strategy and guidance detail. Read More. • Read More.
• Negative Sentiment: Analyst caution still present — JPMorgan and Mizuho raised price targets slightly but kept underweight/outperform/underperform stances that imply limited near‑term upside from some shops; Jefferies also remains cautious on 2026. Read More. • Read More. • Read More.
• Negative Sentiment: Insider selling — filings show large sales by the CEO and a VP, which may raise short‑term governance/flow concerns for some investors. Read More. • Read More.
• Neutral Sentiment: Street positioning mixed — some firms (Robert W. Baird, others) keep holds or reiterate neutral stances citing product strength offset by services slowdown or limited near‑term upside. Read More.

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.