Spirepoint Private Client LLC Reduces Stock Holdings in Fortinet, Inc. $FTNT

Spirepoint Private Client LLC decreased its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,738 shares of the software maker’s stock after selling 7,674 shares during the quarter. Spirepoint Private Client LLC’s holdings in Fortinet were worth $4,109,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTNT. Vanguard Group Inc. lifted its position in Fortinet by 4.0% during the third quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock valued at $6,354,874,000 after buying an additional 2,894,355 shares during the period. Van ECK Associates Corp lifted its position in Fortinet by 62.1% during the third quarter. Van ECK Associates Corp now owns 5,564,558 shares of the software maker’s stock valued at $467,868,000 after buying an additional 2,132,109 shares during the period. First Trust Advisors LP increased its holdings in shares of Fortinet by 30.9% during the third quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker’s stock valued at $636,962,000 after acquiring an additional 1,790,033 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Fortinet by 17.0% during the third quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock valued at $909,453,000 after acquiring an additional 1,568,337 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Fortinet by 23.1% during the third quarter. Ameriprise Financial Inc. now owns 5,160,348 shares of the software maker’s stock valued at $430,082,000 after acquiring an additional 969,899 shares in the last quarter. Hedge funds and other institutional investors 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 business’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 $14,308,506.54. Following the completion of the sale, the chief executive officer directly owned 51,396,385 shares in the company, valued at $4,184,693,666.70. The trade was a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Michael Xie sold 343,106 shares of the business’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 $27,935,690.52. Following the sale, the vice president owned 10,210,282 shares of the company’s stock, valued at approximately $831,321,160.44. This represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 17.20% of the company’s stock.

Fortinet Stock Performance

Shares of FTNT opened at $80.66 on Friday. The firm has a market capitalization of $59.68 billion, a P/E ratio of 33.19, a PEG ratio of 2.87 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09. Fortinet, Inc. has a one year low of $70.12 and a one year high of $109.33. The business has a fifty day moving average of $81.86 and a 200 day moving average of $81.97.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.Fortinet’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 earnings per share. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. As a group, sell-side analysts anticipate that Fortinet, Inc. will post 2.09 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on FTNT. Evercore set a $80.00 price target on Fortinet in a report on Friday, February 6th. Piper Sandler restated a “neutral” rating and set a $90.00 price target (up from $85.00) on shares of Fortinet in a report on Monday, January 5th. TD Cowen upgraded Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a report on Friday, January 23rd. Wells Fargo & Company assumed coverage on Fortinet in a report on Tuesday, March 3rd. They issued an “underweight” rating and a $64.00 price objective for the company. Finally, Freedom Capital downgraded Fortinet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Five investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.84.

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.