OP Asset Management Ltd Makes New $5.32 Million Investment in Fortinet, Inc. $FTNT

OP Asset Management Ltd acquired a new position in Fortinet, Inc. (NASDAQ:FTNT) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 65,044 shares of the software maker’s stock, valued at approximately $5,315,000.

Other institutional investors also recently made changes to their positions in the company. Pinnacle Holdings LLC bought a new stake in Fortinet in the third quarter worth $25,000. Ameriflex Group Inc. purchased a new stake in Fortinet during the third quarter valued at about $25,000. Wexford Capital LP bought a new position in shares of Fortinet during the third quarter valued at about $25,000. Palisade Asset Management LLC purchased a new position in shares of Fortinet in the third quarter worth about $28,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Fortinet in the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Fortinet Trading Up 0.9%

FTNT opened at $151.35 on Friday. The business has a 50 day simple moving average of $123.02 and a two-hundred day simple moving average of $95.61. The firm has a market capitalization of $110.89 billion, a price-to-earnings ratio of 58.44, a PEG ratio of 4.10 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, Inc. has a one year low of $70.12 and a one year high of $152.77.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings data 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. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the business posted $0.58 EPS. The business’s revenue 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. Analysts predict that Fortinet, Inc. will post 2.78 EPS for the current year.

Insider Activity at Fortinet

In other news, VP Michael Xie sold 3,907 shares of the firm’s stock in a transaction dated 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 sale, the vice president directly owned 9,923,610 shares of the company’s stock, valued at approximately $1,453,213,448.40. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 Fortinet stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the sale, the chief operating officer directly owned 94,724 shares in the company, valued at $12,163,508.84. The trade was a 60.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 318,387 shares of company stock worth $43,403,063 over the last quarter. Corporate insiders own 17.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on FTNT shares. Cantor Fitzgerald restated a “neutral” rating and set a $87.00 price target on shares of Fortinet in a research report on Tuesday, April 21st. UBS Group boosted their price objective on Fortinet from $90.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. TD Cowen reissued a “buy” rating and set a $160.00 price objective (up from $125.00) on shares of Fortinet in a research note on Monday, June 8th. Royal Bank Of Canada restated 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. Finally, Zacks Research lowered shares of Fortinet from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. One research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $107.77.

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.