5,931 Shares in Fortinet, Inc. $FTNT Bought by Money Concepts Capital Corp

Money Concepts Capital Corp purchased a new position in Fortinet, Inc. (NASDAQ:FTNT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,931 shares of the software maker’s stock, valued at approximately $471,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Holdings LLC bought a new stake in shares of Fortinet during the 3rd quarter valued at $25,000. Ameriflex Group Inc. bought a new stake in shares of Fortinet during the 3rd quarter valued at $25,000. Wexford Capital LP bought a new stake in shares of Fortinet during the 3rd quarter valued at $25,000. Palisade Asset Management LLC bought a new stake in shares of Fortinet during the 3rd quarter valued at $28,000. Finally, Ares Financial Consulting LLC bought a new stake in shares of Fortinet during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Activity

In other news, CEO Ken Xie sold 5,355 shares of Fortinet stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $88.90, for a total value of $476,059.50. Following the completion of the transaction, the chief executive officer owned 52,978,004 shares of the company’s stock, valued at $4,709,744,555.60. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 2,478 shares of the business’s stock in a transaction dated 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 transaction, the vice president directly owned 9,927,517 shares of the company’s stock, valued at approximately $882,456,986.13. This trade represents a 0.02% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 17.60% of the stock is owned by insiders.

More Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet announced a deeper integration with NVIDIA to secure enterprise AI at scale, including zero-trust protection, runtime guardrails, and defenses against prompt injection and data leakage. Fortinet NVIDIA Alliance Puts AI Cybersecurity And Valuation Expectations In Focus
• Positive Sentiment: The NVIDIA partnership could strengthen Fortinet’s positioning in the fast-growing AI infrastructure market and support longer-term revenue opportunities from enterprise AI security. Fortinet Deepens Integration to Uniquely Secure Enterprise AI at Scale with NVIDIA
• Neutral Sentiment: Multiple articles highlighted Fortinet’s strong long-term stock performance, including a 10-year return that far outpaced the market, but this is mainly a retrospective look rather than a fresh business catalyst. $100 Invested In Fortinet 10 Years Ago Would Be Worth This Much Today
• Neutral Sentiment: Other commentary noted Fortinet as an AI-adjacent cybersecurity beneficiary, but also reflected broader debate about whether some AI-linked stocks have risen too far, which may temper enthusiasm. AI Rally May Have Gone Too Far With Some Stocks Up 70% in a Month

Fortinet Price Performance

FTNT opened at $117.69 on Thursday. The stock has a 50-day moving average price of $85.90 and a 200-day moving average price of $82.84. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.07. The firm has a market cap of $86.23 billion, a PE ratio of 45.44, a P/E/G ratio of 3.29 and a beta of 0.92. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $117.84.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.20. The firm had revenue of $1.85 billion during 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%.Fortinet’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter 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. Sell-side analysts predict that Fortinet, Inc. will post 2.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Truist Financial set a $120.00 target price on shares of Fortinet and gave the company a “buy” rating in a report on Thursday, May 7th. Evercore set a $80.00 target price on shares of Fortinet in a report on Friday, February 6th. Wedbush restated an “outperform” rating and set a $90.00 target price on shares of Fortinet in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $100.00 price objective on shares of Fortinet in a research report on Thursday, May 7th. Finally, Susquehanna boosted their target price on Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-three have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Fortinet has an average rating of “Hold” and a consensus target price of $100.45.

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.