Compound Planning Inc. Raises Stake in Fortinet, Inc. $FTNT

Compound Planning Inc. increased its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 76.7% in the first quarter, Holdings Channel reports. The firm owned 28,492 shares of the software maker’s stock after acquiring an additional 12,364 shares during the period. Compound Planning Inc.’s holdings in Fortinet were worth $2,328,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Expressive Wealth LLC purchased a new stake in shares of Fortinet in the fourth quarter worth about $646,000. Trilogy Capital Inc. raised its holdings in shares of Fortinet by 46.8% during the 4th quarter. Trilogy Capital Inc. now owns 44,152 shares of the software maker’s stock valued at $3,506,000 after buying an additional 14,076 shares during the period. Leonteq Securities AG purchased a new stake in shares of Fortinet during the 4th quarter valued at about $10,422,000. Eurizon Capital SGR S.p.A. acquired a new position in Fortinet during the 4th quarter worth approximately $14,638,000. Finally, Thrivent Financial for Lutherans lifted its position in Fortinet by 156.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 390,492 shares of the software maker’s stock worth $31,009,000 after acquiring an additional 238,299 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Fortinet Price Performance

Shares of NASDAQ FTNT opened at $152.37 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $170.35. The business has a 50 day moving average price of $148.02 and a two-hundred day moving average price of $106.45. The firm has a market cap of $111.63 billion, a PE ratio of 58.83, a price-to-earnings-growth ratio of 4.12 and a beta of 1.09.

Fortinet (NASDAQ:FTNT) last announced its earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.20. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.Fortinet’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company posted $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. Sell-side analysts expect that Fortinet, Inc. will post 2.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ken Xie sold 160,632 shares of the company’s 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 sale, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at $7,711,717,915.76. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John Whittle sold 146,015 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the transaction, the chief operating officer owned 94,724 shares in the company, valued at $12,163,508.84. This trade represents a 60.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, 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

Several analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $160.00 price objective on shares of Fortinet in a research report on Thursday, July 16th. BTIG Research boosted their target price on shares of Fortinet from $150.00 to $186.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Weiss Ratings upgraded shares of Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $100.00 price target on shares of Fortinet in a report on Thursday, May 7th. Finally, Barclays lifted their price target on shares of Fortinet from $155.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-four have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $123.61.

Fortinet 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.