Fortinet, Inc. $FTNT Shares Bought by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. grew its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 35.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,243 shares of the software maker’s stock after purchasing an additional 11,962 shares during the period. Tandem Investment Advisors Inc.’s holdings in Fortinet were worth $3,593,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinnacle Holdings LLC acquired a new position in shares of Fortinet in the third quarter valued at approximately $25,000. Ameriflex Group Inc. acquired a new stake in Fortinet during the 3rd quarter worth approximately $25,000. Wexford Capital LP purchased a new position in Fortinet in the 3rd quarter valued at approximately $25,000. Palisade Asset Management LLC acquired a new position in shares of Fortinet in the third quarter worth $28,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Fortinet in the fourth quarter worth $27,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Activity at Fortinet

In other Fortinet news, VP Michael Xie sold 2,478 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $88.89, for a total value of $220,269.42. Following the transaction, the vice president directly owned 9,927,517 shares in the company, valued at $882,456,986.13. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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, CEO Ken Xie sold 5,355 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $88.90, for a total transaction of $476,059.50. Following the sale, the chief executive officer directly owned 52,978,004 shares in the company, valued at approximately $4,709,744,555.60. The trade was a 0.01% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold 153,848 shares of company stock valued at $19,446,115 over the last three months. 17.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Susquehanna increased their price objective on Fortinet from $90.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Compass Point set a $100.00 target price on Fortinet in a research note on Monday, May 4th. Jefferies Financial Group set a $90.00 price target on Fortinet in a research report on Friday, February 6th. Weiss Ratings cut Fortinet from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Finally, Stifel Nicolaus set a $85.00 price objective on Fortinet in a research report on Wednesday, March 11th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-four have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $101.83.

Fortinet Price Performance

Shares of NASDAQ FTNT opened at $133.93 on Tuesday. The company has a market capitalization of $98.12 billion, a price-to-earnings ratio of 51.71, a price-to-earnings-growth ratio of 3.68 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.07. The business has a 50-day moving average of $93.06 and a two-hundred day moving average of $85.25. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $134.19.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.20. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the business posted $0.58 EPS. The business’s revenue for the quarter 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. On average, analysts forecast that Fortinet, Inc. will post 2.77 earnings per share for the current fiscal year.

Fortinet Company 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.