Three Seasons Wealth LLC Makes New $970,000 Investment in Fortinet, Inc. $FTNT

Three Seasons Wealth LLC purchased a new stake in Fortinet, Inc. (NASDAQ:FTNT) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 6,316 shares of the software maker’s stock, valued at approximately $970,000.

Other institutional investors also recently modified their holdings of the company. Expressive Wealth LLC bought a new position in shares of Fortinet in the fourth quarter valued at about $646,000. Transamerica Financial Advisors LLC acquired a new stake in Fortinet during the second quarter worth approximately $492,000. Leonteq Securities AG acquired a new position in shares of Fortinet in the fourth quarter valued at approximately $10,422,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Fortinet during the fourth quarter worth approximately $14,638,000. Finally, Thrivent Financial for Lutherans boosted its stake in Fortinet by 156.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 390,492 shares of the software maker’s stock valued at $31,009,000 after purchasing an additional 238,299 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

More Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet was highlighted as a growth-at-a-reasonable-price (GARP) stock, with analysts pointing to its 2026 growth outlook, rising earnings estimates and expanding AI-security opportunity. Zacks.com featured highlights including Fortinet
• Positive Sentiment: Fortinet was also included among founder-led technology companies with long-term innovation and growth potential, reinforcing the investment case around its leadership and strategic direction. Founder-led companies redefining technology and growth
• Positive Sentiment: Multiple Zacks features identify FTNT as a GARP candidate, suggesting analysts view its earnings and revenue prospects as attractive relative to its valuation and peer group. GARP stocks investors can consider
• Positive Sentiment: Fortinet continues to benefit from broader demand for AI-driven cybersecurity. Its latest reported quarter exceeded earnings and revenue estimates, with revenue increasing 25.6% year over year, supporting the bullish outlook.
• Neutral Sentiment: ControlMonkey added backup and disaster-recovery support for Fortinet security configurations. The announcement improves recoverability for customers but appears unlikely to materially affect Fortinet’s near-term financial results. ControlMonkey extends recovery to the security stack
• Negative Sentiment: A sharp reaction to Palo Alto Networks’ results despite strong growth highlighted how demanding investor expectations have become for cybersecurity stocks. That sector-wide valuation risk may be limiting upside for Fortinet even amid favorable company-specific commentary. Cybersecurity stocks react to Palo Alto results

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FTNT shares. Bank of America reissued a “buy” rating on shares of Fortinet in a report on Monday, July 27th. Scotiabank reissued a “sector perform” rating and issued a $163.00 price objective on shares of Fortinet in a report on Thursday, July 30th. Stifel Nicolaus set a $175.00 target price on shares of Fortinet and gave the stock a “hold” rating in a report on Thursday, July 30th. Wells Fargo & Company set a $135.00 price target on shares of Fortinet and gave the company an “underweight” rating in a research report on Thursday, July 30th. Finally, Rosenblatt Securities boosted their price target on Fortinet from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twenty have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $150.91.

Insider Buying and Selling at Fortinet

In other news, CEO Ken Xie sold 161,482 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $162.66, for a total transaction of $26,266,662.12. Following the completion of the transaction, the chief executive officer owned 52,972,372 shares of the company’s stock, valued at approximately $8,616,486,029.52. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Michael Xie sold 3,121 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $162.63, for a total value of $507,568.23. Following the sale, the vice president owned 9,918,360 shares of the company’s stock, valued at approximately $1,613,022,886.80. This represents a 0.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 17.60% of the stock is owned by corporate insiders.

Fortinet Price Performance

FTNT stock opened at $156.29 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 0.32. Fortinet, Inc. has a 12 month low of $73.55 and a 12 month high of $173.89. The firm has a market cap of $114.67 billion, a P/E ratio of 55.03, a P/E/G ratio of 2.97 and a beta of 1.06. The company’s 50-day moving average price is $158.88 and its two-hundred day moving average price is $122.99.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Wednesday, July 29th. The software maker reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.89 billion. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. On average, analysts anticipate that Fortinet, Inc. will post 3.05 earnings per share for the current fiscal year.

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.