Transamerica Financial Advisors LLC Makes New $492,000 Investment in Fortinet, Inc. $FTNT

Transamerica Financial Advisors LLC purchased a new stake in Fortinet, Inc. (NASDAQ:FTNT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,201 shares of the software maker’s stock, valued at approximately $492,000.

Several other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Fortinet in the 2nd quarter valued at about $9,561,650,000. Norges Bank acquired a new stake in Fortinet in the fourth quarter valued at approximately $1,152,917,000. Bank of New York Mellon Corp acquired a new stake in Fortinet in the second quarter valued at approximately $1,432,842,000. Legal & General Group Plc bought a new stake in shares of Fortinet during the second quarter valued at approximately $979,062,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Fortinet by 87.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 9,651,024 shares of the software maker’s stock worth $788,682,000 after purchasing an additional 4,500,194 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Trading Up 2.5%

NASDAQ FTNT opened at $157.54 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $156.69 and a 200 day simple moving average of $119.45. Fortinet, Inc. has a 12 month low of $73.55 and a 12 month high of $172.09. The firm has a market capitalization of $115.59 billion, a P/E ratio of 55.47, a PEG ratio of 2.91 and a beta of 1.07.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data on Wednesday, July 29th. The software maker reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.89 billion. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. On average, analysts predict that Fortinet, Inc. will post 3.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FTNT shares. Compass Point set a $100.00 price target on shares of Fortinet in a research report on Monday, May 4th. Scotiabank restated a “sector perform” rating and set a $163.00 price objective on shares of Fortinet in a report on Thursday, July 30th. JPMorgan Chase & Co. raised 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. BTIG Research lifted their price objective on shares of Fortinet from $186.00 to $203.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, TD Cowen restated a “buy” rating and issued a $215.00 target price (up from $160.00) on shares of Fortinet in a report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twenty have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Fortinet presently has an average rating of “Hold” and a consensus target price of $150.91.

Insider Activity

In other Fortinet news, VP Michael Xie sold 3,907 shares of Fortinet stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total transaction of $572,141.08. Following the transaction, the vice president 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 filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ken Xie sold 161,482 shares of Fortinet stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $162.66, for a total value of $26,266,662.12. Following the sale, the chief executive officer owned 52,972,372 shares in the company, valued at $8,616,486,029.52. This trade represents a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last 90 days, insiders have sold 329,142 shares of company stock worth $50,731,178. 17.60% of the stock is owned by corporate insiders.

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.