Fortinet, Inc. $FTNT Shares Purchased by Krilogy Financial LLC

Krilogy Financial LLC raised its position in Fortinet, Inc. (NASDAQ:FTNT) by 118.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 21,253 shares of the software maker’s stock after buying an additional 11,537 shares during the quarter. Krilogy Financial LLC’s holdings in Fortinet were worth $1,751,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Fortinet by 1.6% in the 3rd quarter. State Street Corp now owns 29,660,558 shares of the software maker’s stock worth $2,493,860,000 after acquiring an additional 477,397 shares during the period. Norges Bank acquired a new position in shares of Fortinet during the fourth quarter worth about $1,152,917,000. Bank of New York Mellon Corp raised its holdings in Fortinet by 6.6% during the fourth quarter. Bank of New York Mellon Corp now owns 14,504,597 shares of the software maker’s stock worth $1,151,810,000 after purchasing an additional 893,190 shares in the last quarter. Invesco Ltd. raised its holdings in Fortinet by 17.0% during the third quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock worth $909,453,000 after purchasing an additional 1,568,337 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Fortinet by 4.4% in the fourth quarter. First Trust Advisors LP now owns 7,907,686 shares of the software maker’s stock valued at $627,949,000 after purchasing an additional 332,024 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Fortinet Trading Down 1.8%

Shares of Fortinet stock opened at $145.28 on Thursday. The company has a 50-day moving average of $120.17 and a two-hundred day moving average of $94.77. Fortinet, Inc. has a 12-month low of $70.12 and a 12-month high of $150.07. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The stock has a market cap of $106.44 billion, a PE ratio of 56.09, a price-to-earnings-growth ratio of 4.05 and a beta of 1.11.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.62 by $0.20. The business had revenue of $1.85 billion for 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%.The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company 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. On average, research analysts anticipate that Fortinet, Inc. will post 2.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FTNT. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Fortinet in a report on Thursday, May 7th. Compass Point set a $100.00 price target on Fortinet in a report on Monday, May 4th. BTIG Research lifted their price target on Fortinet from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. UBS Group upped their price objective on Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $107.00 target price (up from $90.00) on shares of Fortinet in a report 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 given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $107.77.

Fortinet News Summary

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Analysts and market commentary highlighted Fortinet’s AI push, including the FortiSOC launch, as a potential driver of sustained growth, supported by strong recent earnings and rising demand for cybersecurity products. Is Fortinet Stock Poised for Strong Growth With AI-Driven Security?
• Positive Sentiment: Fortinet was featured as an IBD Stock of the Day because AI data centers are boosting demand for network firewalls, since those systems secure traffic between server clusters. Fortinet, IBD Stock Of The Day, Gets Network Firewall Boost From AI Data Centers
• Positive Sentiment: Fortinet announced the appointment of Derek Kan to its board, adding public-sector, AI, and scaling expertise that could support strategy and governance. Fortinet Appoints Public Sector Leader and Tech Executive Derek Kan to Its Board of Directors
• Neutral Sentiment: Some coverage compared Fortinet favorably with Palo Alto Networks, citing stronger SASE adoption, steadier execution, and a lower valuation, which reinforces the bullish narrative but is not a direct catalyst. PANW vs. FTNT: Which Cybersecurity Stock Has an Edge Right Now?
• Neutral Sentiment: Brokerages currently rate Fortinet as a “Hold,” suggesting analysts see room for growth but are not yet overwhelmingly bullish. Fortinet, Inc. (NASDAQ:FTNT) Receives Consensus Recommendation of “Hold” from Brokerages
• Negative Sentiment: One recent opinion piece argued Fortinet’s growth story is real, but the stock’s price may already reflect much of that optimism, highlighting valuation risk. Fortinet: The Growth Story Is Real, But So Is The Price Tag

Insider Buying and Selling

In other Fortinet news, VP Michael Xie sold 3,907 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $146.44, for a total transaction of $572,141.08. Following the sale, the vice president directly owned 9,923,610 shares in the company, valued at approximately $1,453,213,448.40. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 company’s stock in a transaction on Tuesday, June 2nd. The shares were 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 trade represents a 0.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 318,387 shares of company stock valued at $43,403,063. 17.60% of the stock is owned by insiders.

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.