3,908 Shares in Fortinet, Inc. $FTNT Bought by Kera Capital Partners Inc.

Kera Capital Partners Inc. bought a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,908 shares of the software maker’s stock, valued at approximately $318,000.

Other hedge funds have also modified their holdings of the company. Walser Wealth Management Company A Ltd Liability Co purchased a new position in Fortinet in the 4th quarter worth about $227,000. Virtu Financial LLC purchased a new stake in Fortinet during the fourth quarter valued at about $848,000. MV Capital Management Inc. purchased a new stake in Fortinet during the fourth quarter valued at about $187,000. Kovitz Investment Group Partners LLC boosted its holdings in shares of Fortinet by 134.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 48,964 shares of the software maker’s stock worth $3,888,000 after buying an additional 28,085 shares during the period. Finally, Compound Planning Inc. boosted its holdings in shares of Fortinet by 44.8% in the fourth quarter. Compound Planning Inc. now owns 16,128 shares of the software maker’s stock worth $1,281,000 after buying an additional 4,993 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

Fortinet Stock Performance

Shares of FTNT opened at $144.73 on Monday. The firm has a market cap of $106.04 billion, a price-to-earnings ratio of 55.88, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11. The company’s fifty day moving average is $116.11 and its 200-day moving average is $93.45. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $150.07.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 27.49% and a return on equity of 160.08%. Fortinet’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 EPS. 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, Inc. will post 2.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on FTNT. Citigroup lifted their target price on shares of Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Scotiabank upped their price target on shares of Fortinet from $85.00 to $110.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $70.00 price objective (up from $64.00) on shares of Fortinet in a research note on Thursday, May 7th. Compass Point set a $100.00 price objective on shares of Fortinet in a research report on Monday, May 4th. Finally, Mizuho boosted their target price on shares of Fortinet from $70.00 to $86.00 and gave the company an “underperform” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $107.77.

Insider Transactions at Fortinet

In other news, COO John Whittle sold 146,015 shares of the stock in a transaction dated 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 approximately $12,163,508.84. This represents a 60.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Michael Xie sold 3,907 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total value of $572,141.08. Following the completion of the transaction, the vice president directly owned 9,923,610 shares in the company, valued at $1,453,213,448.40. The trade was a 0.04% 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. In the last quarter, insiders sold 318,387 shares of company stock worth $43,403,063. 17.60% of the stock is 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.