Hilton Head Capital Partners LLC Has $743,000 Stock Holdings in Fortinet, Inc. $FTNT

Hilton Head Capital Partners LLC boosted its stake in Fortinet, Inc. (NASDAQ:FTNT) by 1,320.3% in the first quarter, Holdings Channel reports. The institutional investor owned 9,090 shares of the software maker’s stock after acquiring an additional 8,450 shares during the quarter. Hilton Head Capital Partners LLC’s holdings in Fortinet were worth $743,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FTNT. Brighton Jones LLC raised its holdings in shares of Fortinet by 2.2% during the fourth quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock worth $976,000 after acquiring an additional 221 shares in the last quarter. Bison Wealth LLC acquired a new position in Fortinet in the 4th quarter worth about $585,000. HUB Investment Partners LLC increased its position in Fortinet by 29.1% in the 2nd quarter. HUB Investment Partners LLC now owns 5,299 shares of the software maker’s stock worth $560,000 after purchasing an additional 1,193 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Fortinet during the 2nd quarter worth about $1,136,000. Finally, Quantinno Capital Management LP raised its stake in shares of Fortinet by 27.4% during the 2nd quarter. Quantinno Capital Management LP now owns 144,989 shares of the software maker’s stock worth $15,328,000 after purchasing an additional 31,202 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Trending Headlines about Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Analysts and market commentary highlighted Fortinet’s AI push, including the FortiSOC launch, as a potential driver of sustained growth, supported by strong recent earnings and rising demand for cybersecurity products. Is Fortinet Stock Poised for Strong Growth With AI-Driven Security?
• Positive Sentiment: Fortinet was featured as an IBD Stock of the Day because AI data centers are boosting demand for network firewalls, since those systems secure traffic between server clusters. Fortinet, IBD Stock Of The Day, Gets Network Firewall Boost From AI Data Centers
• Positive Sentiment: Fortinet announced the appointment of Derek Kan to its board, adding public-sector, AI, and scaling expertise that could support strategy and governance. Fortinet Appoints Public Sector Leader and Tech Executive Derek Kan to Its Board of Directors
• Neutral Sentiment: Some coverage compared Fortinet favorably with Palo Alto Networks, citing stronger SASE adoption, steadier execution, and a lower valuation, which reinforces the bullish narrative but is not a direct catalyst. PANW vs. FTNT: Which Cybersecurity Stock Has an Edge Right Now?
• Neutral Sentiment: Brokerages currently rate Fortinet as a “Hold,” suggesting analysts see room for growth but are not yet overwhelmingly bullish. Fortinet, Inc. (NASDAQ:FTNT) Receives Consensus Recommendation of “Hold” from Brokerages
• Negative Sentiment: One recent opinion piece argued Fortinet’s growth story is real, but the stock’s price may already reflect much of that optimism, highlighting valuation risk. Fortinet: The Growth Story Is Real, But So Is The Price Tag

Fortinet Price Performance

Shares of Fortinet stock opened at $145.28 on Thursday. 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’s 50-day simple moving average is $120.17 and its 200-day simple moving average is $94.77. The firm has a market cap of $106.44 billion, a P/E ratio of 56.09, a price-to-earnings-growth ratio of 4.05 and a beta of 1.11. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $150.07.

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

Insider Activity

In related news, VP Michael Xie sold 3,907 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $146.44, for a total transaction of $572,141.08. Following the completion of the sale, the vice president directly owned 9,923,610 shares of the company’s stock, valued at $1,453,213,448.40. This trade represents a 0.04% decrease in their position. The transaction 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. Also, CEO Ken Xie sold 160,632 shares of Fortinet stock in a transaction on Tuesday, June 2nd. The shares were 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 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 318,387 shares of company stock worth $43,403,063. Insiders own 17.60% of the company’s stock.

Analysts Set New Price Targets

FTNT has been the subject of several recent research reports. Compass Point set a $100.00 price target on Fortinet in a research note on Monday, May 4th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $107.00 target price (up from $90.00) on shares of Fortinet in a research note on Thursday, May 7th. Barclays set a $155.00 target price on shares of Fortinet and gave the stock an “equal weight” rating in a research report on Friday, June 12th. Zacks Research downgraded shares of Fortinet from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Fortinet from $73.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-five have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $107.77.

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.