UNIVEST FINANCIAL Corp Has $4.85 Million Stock Holdings in Fortinet, Inc. $FTNT

UNIVEST FINANCIAL Corp increased its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 9.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 59,323 shares of the software maker’s stock after acquiring an additional 5,160 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Fortinet were worth $4,848,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Optimist Retirement Group LLC lifted its position in Fortinet by 2.5% during the fourth quarter. Optimist Retirement Group LLC now owns 5,010 shares of the software maker’s stock worth $398,000 after acquiring an additional 122 shares during the last quarter. PDS Planning Inc boosted its holdings in shares of Fortinet by 3.1% during the fourth quarter. PDS Planning Inc now owns 4,110 shares of the software maker’s stock worth $326,000 after acquiring an additional 123 shares during the period. GW&K Investment Management LLC grew its position in shares of Fortinet by 31.4% in the fourth quarter. GW&K Investment Management LLC now owns 515 shares of the software maker’s stock valued at $41,000 after purchasing an additional 123 shares during the last quarter. Delta Investment Management LLC grew its position in shares of Fortinet by 2.4% in the fourth quarter. Delta Investment Management LLC now owns 5,250 shares of the software maker’s stock valued at $417,000 after purchasing an additional 125 shares during the last quarter. Finally, Personal CFO Solutions LLC increased its stake in shares of Fortinet by 5.0% during the first quarter. Personal CFO Solutions LLC now owns 2,670 shares of the software maker’s stock worth $218,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insider Activity at Fortinet

In related news, VP Michael Xie sold 3,907 shares of the company’s stock in a transaction dated 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 sale, the vice president owned 9,923,610 shares of the company’s stock, valued at $1,453,213,448.40. This represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 sale, the chief executive officer owned 52,972,372 shares in the company, valued at $7,711,717,915.76. The trade was a 0.30% decrease in their ownership of the stock. 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. Insiders sold a total of 318,387 shares of company stock valued at $43,403,063 over the last quarter. 17.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on FTNT. Mizuho lifted their price target on Fortinet from $70.00 to $86.00 and gave the stock an “underperform” rating in a report on Thursday, May 7th. Weiss Ratings upgraded Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. lifted their target price on Fortinet from $73.00 to $75.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. TD Cowen reissued a “buy” rating and issued a $160.00 target price (up from $125.00) on shares of Fortinet in a research report on Monday, June 8th. Finally, Compass Point set a $100.00 price target on shares of Fortinet in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have assigned a Hold rating and five 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 $108.74.

Fortinet Price Performance

Shares of FTNT stock traded down $6.22 during trading on Friday, hitting $157.51. The company had a trading volume of 3,518,279 shares, compared to its average volume of 5,833,056. The firm has a market capitalization of $115.40 billion, a P/E ratio of 60.81, a price-to-earnings-growth ratio of 4.28 and a beta of 1.09. Fortinet, Inc. has a one year low of $70.12 and a one year high of $165.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.15. The stock’s 50-day moving average price is $137.74 and its 200 day moving average price is $100.94.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, beating 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% compared to the same quarter last year. During the same period in the previous year, the firm 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 2.8 EPS for the current fiscal year.

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.