Wealthfront Advisers LLC Has $7.34 Million Stock Position in Fortinet, Inc. $FTNT

Wealthfront Advisers LLC grew its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,415 shares of the software maker’s stock after purchasing an additional 6,839 shares during the period. Wealthfront Advisers LLC’s holdings in Fortinet were worth $7,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Financial Consulate Inc. acquired a new position in shares of Fortinet during the third quarter valued at about $25,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Fortinet during the third quarter valued at about $25,000. Pinnacle Holdings LLC bought a new stake in shares of Fortinet during the third quarter worth about $25,000. Ameriflex Group Inc. bought a new stake in shares of Fortinet during the third quarter worth about $25,000. Finally, Wexford Capital LP bought a new stake in shares of Fortinet during the third quarter worth about $25,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insider Transactions at Fortinet

In other Fortinet news, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $14,308,506.54. Following the completion of the sale, the chief executive officer directly owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. This represents a 0.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Michael Xie sold 343,106 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the completion of the sale, the vice president directly owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. The trade was a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 17.20% of the company’s stock.

Fortinet Trading Up 0.5%

Shares of FTNT stock opened at $86.11 on Thursday. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $109.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. The company has a 50-day simple moving average of $81.78 and a two-hundred day simple moving average of $81.73. The company has a market capitalization of $63.71 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 2.94 and a beta of 1.00.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm posted $0.74 EPS. The firm’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. Research analysts anticipate that Fortinet, Inc. will post 2.63 EPS for the current fiscal year.

Fortinet News Summary

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Arete Research upgraded Fortinet from “strong sell” to “strong buy,” a move that can attract buy-side interest and support shares after recent underperformance. Arete Research upgrade reported by Zacks
• Positive Sentiment: Fortinet will participate in the World Economic Forum Annual Meeting on Cybersecurity (May 4–6), raising the company’s visibility with governments and large enterprises and reinforcing its leadership position in public‑private cyber initiatives. Fortinet returns to join Global Leaders at the World Economic Forum
• Neutral Sentiment: Fortinet published its 2026 Global Cybersecurity Skills Gap Report, highlighting large and persistent demand for security capabilities (supporting product/service demand) but also noting hiring constraints that could pressure execution or margin expansion. This is a market‑context item rather than immediate revenue news. Fortinet report reveals cybersecurity hiring stalls
• Neutral Sentiment: Peer Varonis (VRNS) reported a strong quarter, beating estimates; that outperformance may influence investor comparisons within cybersecurity but doesn’t directly change Fortinet’s fundamentals. Varonis Systems Q1 earnings and revenues surpass estimates
• Negative Sentiment: Recent analyst commentary and target‑price coverage remain cautious overall—reports note Fortinet has underperformed the broader market and some analysts are tempering expectations, which can cap near‑term upside. What Are Wall Street Analysts’ Target Price for Fortinet Stock?

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Fortinet from $90.00 to $95.00 and gave the stock a “market perform” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. boosted their target price on shares of Fortinet from $72.00 to $73.00 and gave the stock an “underweight” rating in a research report on Friday, February 6th. Truist Financial set a $88.00 target price on shares of Fortinet in a research report on Tuesday, January 20th. Arete Research set a $104.00 target price on shares of Fortinet and gave the stock a “buy” rating in a research report on Monday. Finally, UBS Group reissued a “neutral” rating and set a $90.00 target price on shares of Fortinet in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-one have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $87.72.

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.