Aware Super Pty Ltd as trustee of Aware Super Purchases Shares of 296,474 Fortinet, Inc. $FTNT

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Fortinet, Inc. (NASDAQ:FTNT) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 296,474 shares of the software maker’s stock, valued at approximately $24,228,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Expressive Wealth LLC purchased a new position in Fortinet in the fourth quarter worth about $646,000. Trilogy Capital Inc. raised its position in Fortinet by 46.8% during the fourth quarter. Trilogy Capital Inc. now owns 44,152 shares of the software maker’s stock valued at $3,506,000 after purchasing an additional 14,076 shares during the period. Leonteq Securities AG bought a new stake in shares of Fortinet in the 4th quarter valued at approximately $10,422,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Fortinet in the 4th quarter valued at approximately $14,638,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Fortinet by 156.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 390,492 shares of the software maker’s stock worth $31,009,000 after purchasing an additional 238,299 shares during the period. Institutional investors own 83.71% of the company’s stock.

Insider Buying and Selling

In other Fortinet news, VP Michael Xie sold 3,907 shares of the business’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 $1,453,213,448.40. The trade was a 0.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ken Xie sold 160,632 shares of the company’s 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 completion of the transaction, the chief executive officer owned 52,972,372 shares in the company, valued at $7,711,717,915.76. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 318,387 shares of company stock valued at $43,403,063 in the last 90 days. Company insiders own 17.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Robert W. Baird set a $115.00 target price on Fortinet in a research 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. Wells Fargo & Company reaffirmed an “underweight” rating and set a $70.00 price objective (up from $64.00) on shares of Fortinet in a research note on Thursday, May 7th. Bank of America boosted their price objective on shares of Fortinet from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, Barclays increased their target price on shares of Fortinet from $155.00 to $170.00 and gave the company an “equal weight” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-three have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $113.97.

Fortinet News Roundup

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet was upgraded by Zacks Research from hold to strong-buy, signaling stronger earnings optimism and a potentially more favorable near-term trading setup. Article Title
• Positive Sentiment: Several articles highlighted Fortinet as a beneficiary of rising cybersecurity demand, especially as AI infrastructure spending and global threat concerns keep security budgets elevated. Article Title
• Positive Sentiment: Coverage on Fortinet’s AI security initiatives, including the expansion of FortiEndpoint and broader AI cybersecurity positioning, is reinforcing the growth narrative around the stock. Article Title
• Positive Sentiment: Fortinet’s selection of TD SYNNEX as a global delivery/distribution partner adds another sign of expanding channel reach and customer access. Article Title
• Neutral Sentiment: MarketWatch noted that Fortinet has been outperforming peers despite weakness in the broader session, suggesting relative strength rather than a fresh fundamental catalyst. Article Title
• Neutral Sentiment: Some commentary compared Fortinet with peers like Palo Alto and Microsoft, but also raised valuation concerns after a strong multi-year run, which may cap upside if growth does not keep pace. Article Title

Fortinet Price Performance

FTNT opened at $160.78 on Friday. The business has a fifty day moving average of $143.35 and a 200 day moving average of $103.39. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $170.35. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. The stock has a market cap of $117.80 billion, a P/E ratio of 62.08, a PEG ratio of 4.47 and a beta of 1.09.

Fortinet (NASDAQ:FTNT) last released its earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm posted $0.58 earnings per share. The business’s revenue was up 20.1% compared to the same quarter last year. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, sell-side analysts anticipate that Fortinet, Inc. will post 2.8 EPS for the current 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.