Fortinet (NASDAQ:FTNT) VP Sells $220,269.42 in Stock

Fortinet, Inc. (NASDAQ:FTNT) VP Michael Xie sold 2,478 shares of Fortinet stock in a transaction on Monday, May 4th. The stock was sold at an average price of $88.89, for a total value of $220,269.42. Following the completion of the sale, the vice president directly owned 9,927,517 shares of the company’s stock, valued at approximately $882,456,986.13. The trade was a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 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.

Fortinet Stock Up 0.8%

Shares of Fortinet stock traded up $0.68 on Tuesday, reaching $89.92. The company’s stock had a trading volume of 3,962,339 shares, compared to its average volume of 6,434,550. The company has a market capitalization of $65.83 billion, a price-to-earnings ratio of 37.00, a P/E/G ratio of 2.96 and a beta of 0.92. The firm’s fifty day simple moving average is $81.83 and its two-hundred day simple moving average is $81.72. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $108.77. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40.

Fortinet (NASDAQ:FTNT) last posted its earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Equities analysts anticipate that Fortinet, Inc. will post 2.63 earnings per share for the current year.

Institutional Trading of Fortinet

Large investors have recently modified their holdings of the company. Financial Consulate Inc. bought a new stake in shares of Fortinet in the third quarter worth $25,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Fortinet in the third quarter worth $25,000. Pinnacle Holdings LLC bought a new stake in shares of Fortinet in the third quarter worth $25,000. Ameriflex Group Inc. bought a new stake in Fortinet during the third quarter valued at about $25,000. Finally, Physician Wealth Advisors Inc. grew its holdings in Fortinet by 408.3% during the first quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock valued at $25,000 after purchasing an additional 245 shares during the period. Institutional investors own 83.71% of the company’s stock.

Key Stories Impacting Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: BMO Capital Markets raised its price target (to $100) and issued a positive/market-perform outlook, giving investors a near-term valuation cushion and supporting buying interest. BMO Capital Markets Issues Positive Forecast for Fortinet
• Positive Sentiment: Pre-earnings positioning and product/security momentum lifted shares—Fortinet released its 2026 Global Threat Landscape report (highlighting AI-enabled threats) and increased visibility at major cybersecurity events, which can drive enterprise demand for Fortinet’s SASE and security platform. Fortinet jumps 3% as investors position for upcoming earnings and recent security-focused updates
• Neutral Sentiment: FTNT heads into Q1 earnings with steady growth expectations and ongoing SASE traction; the report is a likely catalyst but guidance sensitivity and macro risks could limit surprise upside. Fortinet Set to Report Q1 Earnings: What’s in Store for the Stock?
• Neutral Sentiment: Brokerage coverage remains centered on “hold/market perform” views overall, leaving analyst consensus cautious despite pockets of upside. That moderates conviction for fresh, large-scale buys. Fortinet Given Average Rating of “Hold” by Brokerages
• Negative Sentiment: Valuation and cooling growth commentary from market analysts highlight stretched multiples versus slower near-term growth, which can cap multiple expansion and make the stock sensitive to any guidance softness. A Look At Fortinet (FTNT) Valuation As Growth Cools
• Negative Sentiment: Significant insider selling over recent months and a mix of recent underweight/underperform analyst calls increase downside risk if earnings or guidance disappoint. Investors should watch Q1 results and any forward-guide changes closely. Fortinet jumps 3% as investors position for upcoming earnings and recent security-focused updates

Analyst Upgrades and Downgrades

A number of research firms have commented on FTNT. Citigroup reissued a “neutral” rating and issued a $90.00 target price (up from $85.00) on shares of Fortinet in a report on Monday, February 9th. Cantor Fitzgerald reissued a “neutral” rating and issued a $87.00 target price on shares of Fortinet in a report on Tuesday, April 21st. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $83.00 price objective on shares of Fortinet in a report on Friday, February 6th. Stifel Nicolaus set a $85.00 price objective on Fortinet in a report on Wednesday, March 11th. Finally, Scotiabank lowered Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective for the company. in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-one have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $88.38.

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.