Fortinet, Inc. $FTNT Shares Sold by Keeler Thomas Management LLC

Keeler Thomas Management LLC decreased its position in Fortinet, Inc. (NASDAQ:FTNT) by 30.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,674 shares of the software maker’s stock after selling 3,758 shares during the quarter. Keeler Thomas Management LLC’s holdings in Fortinet were worth $689,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pinnacle Holdings LLC purchased a new position in shares of Fortinet during the 3rd quarter valued at approximately $25,000. Ameriflex Group Inc. purchased a new position in shares of Fortinet during the 3rd quarter valued at approximately $25,000. Wexford Capital LP purchased a new position in shares of Fortinet during the 3rd quarter valued at approximately $25,000. Palisade Asset Management LLC purchased a new position in shares of Fortinet during the 3rd quarter valued at approximately $28,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Fortinet during the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insiders Place Their Bets

In other Fortinet news, VP Michael Xie sold 3,907 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $146.44, for a total value of $572,141.08. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ken Xie sold 160,632 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $145.58, for a total value of $23,384,806.56. Following the completion of the sale, the chief executive officer directly owned 52,972,372 shares in the company, valued at $7,711,717,915.76. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 318,387 shares of company stock valued at $43,403,063 over the last three months. Company insiders own 17.60% of the company’s stock.

Fortinet Stock Performance

Shares of FTNT opened at $145.06 on Friday. The business’s fifty day moving average price is $108.50 and its 200 day moving average price is $90.69. Fortinet, Inc. has a 12-month low of $70.12 and a 12-month high of $150.07. The stock has a market capitalization of $106.28 billion, a PE ratio of 56.01, a price-to-earnings-growth ratio of 3.80 and a beta of 1.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.07.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.20. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the business posted $0.58 earnings per share. The firm’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. Equities research analysts forecast that Fortinet, Inc. will post 2.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FTNT shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $107.00 target price (up from $90.00) on shares of Fortinet in a research note on Thursday, May 7th. BMO Capital Markets increased their target price on Fortinet from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Wells Fargo & Company reiterated an “underweight” rating and set a $70.00 target price (up from $64.00) on shares of Fortinet in a research note on Thursday, May 7th. Freedom Capital cut Fortinet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, Zacks Research upgraded Fortinet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Fortinet currently has a consensus rating of “Hold” and a consensus target price of $106.43.

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.