Fortinet, Inc. (NASDAQ:FTNT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Fortinet, Inc. (NASDAQ:FTNT) have been assigned a consensus rating of “Hold” from the thirty-six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, twenty-five have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $107.7667.

Several research analysts have recently issued reports on the stock. BMO Capital Markets upped their price target on shares of Fortinet from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. TD Cowen reiterated a “buy” rating and set a $160.00 price target (up from $125.00) on shares of Fortinet in a report on Monday, June 8th. Bank of America upped their price target on shares of Fortinet from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Susquehanna upped their price target on shares of Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $87.00 price target on shares of Fortinet in a report on Tuesday, April 21st.

Fortinet Stock Up 0.9%

NASDAQ FTNT opened at $151.35 on Tuesday. The business has a fifty day moving average price of $123.02 and a two-hundred day moving average price of $95.61. 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 has a fifty-two week low of $70.12 and a fifty-two week high of $152.77. The stock has a market capitalization of $110.89 billion, a PE ratio of 58.44, a PEG ratio of 4.14 and a beta of 1.11.

Fortinet (NASDAQ:FTNT) last released 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 firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 earnings per share. 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 analysts expect that Fortinet will post 2.78 earnings per share for the current fiscal year.

Insider Transactions at Fortinet

In other news, VP Michael Xie sold 3,907 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president directly owned 9,923,610 shares in the company, valued at approximately $1,453,213,448.40. This 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 accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John Whittle sold 146,015 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was 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 of the company’s stock, 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 ninety days, insiders sold 318,387 shares of company stock worth $43,403,063. Corporate insiders own 17.60% of the company’s stock.

Institutional Trading of Fortinet

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ravenstone Capital Management Inc. increased its holdings in Fortinet by 7.3% in the first quarter. Ravenstone Capital Management Inc. now owns 100,366 shares of the software maker’s stock valued at $8,202,000 after purchasing an additional 6,843 shares during the period. Basecamp Wealth Advisors LLC increased its holdings in Fortinet by 7.9% in the first quarter. Basecamp Wealth Advisors LLC now owns 2,658 shares of the software maker’s stock valued at $217,000 after purchasing an additional 195 shares during the period. Sapient Capital LLC acquired a new stake in Fortinet in the first quarter valued at $352,000. Western Wealth Management LLC acquired a new stake in Fortinet in the first quarter valued at $530,000. Finally, Pacer Advisors Inc. increased its holdings in Fortinet by 22.9% in the first quarter. Pacer Advisors Inc. now owns 417,286 shares of the software maker’s stock valued at $34,101,000 after purchasing an additional 77,804 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.