Maridea Wealth Management LLC Has $821,000 Stock Holdings in Fortinet, Inc. $FTNT

Maridea Wealth Management LLC increased its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 50.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,044 shares of the software maker’s stock after acquiring an additional 3,375 shares during the period. Maridea Wealth Management LLC’s holdings in Fortinet were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.

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

Fortinet Price Performance

Shares of NASDAQ:FTNT opened at $151.35 on Friday. The firm 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. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. Fortinet, Inc. has a 1-year low of $70.12 and a 1-year high of $152.77. The business’s 50 day moving average is $123.02 and its 200-day moving average is $95.61.

Fortinet (NASDAQ:FTNT) last issued its earnings results on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.20. The business had revenue of $1.85 billion during 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 revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company posted $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. Sell-side analysts predict that Fortinet, Inc. will post 2.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on FTNT. Stifel Nicolaus set a $85.00 target price on shares of Fortinet in a research report on Wednesday, March 11th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $70.00 price target (up from $64.00) on shares of Fortinet in a research report on Thursday, May 7th. Compass Point set a $100.00 price target on Fortinet in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $100.00 price objective on shares of Fortinet in a report on Thursday, May 7th. Finally, Scotiabank boosted their target price on Fortinet from $85.00 to $110.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $107.77.

Insider Activity

In related news, COO John Whittle sold 146,015 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $128.41, for a total value of $18,749,786.15. Following the sale, the chief operating officer owned 94,724 shares of the company’s stock, valued at $12,163,508.84. The trade was a 60.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ken Xie sold 160,632 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $145.58, for a total transaction of $23,384,806.56. Following the completion of the transaction, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at $7,711,717,915.76. This trade represents a 0.30% decrease in their position. 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. In the last 90 days, insiders sold 318,387 shares of company stock worth $43,403,063. 17.60% of the stock is currently owned by corporate insiders.

Fortinet Company 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.