Fortinet, Inc. $FTNT Shares Sold by Keeler Thomas Management LLC

Keeler Thomas Management LLC trimmed its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 30.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,674 shares of the software maker’s stock after selling 3,758 shares during the quarter. Keeler Thomas Management LLC’s holdings in Fortinet were worth $689,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Pinnacle Holdings LLC acquired a new position in shares of Fortinet during the third quarter valued at $25,000. Ameriflex Group Inc. acquired a new position in shares of Fortinet during the third quarter valued at $25,000. Wexford Capital LP acquired a new position in shares of Fortinet during the third quarter valued at $25,000. Palisade Asset Management LLC acquired a new position in shares of Fortinet during the third quarter valued at $28,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Fortinet during the fourth quarter valued at $27,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Fortinet Price Performance

Shares of NASDAQ FTNT opened at $145.06 on Friday. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $150.07. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $106.28 billion, a price-to-earnings ratio of 56.01, a PEG ratio of 3.80 and a beta of 1.11. The firm has a 50-day moving average of $108.50 and a two-hundred day moving average of $90.69.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.20. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the company earned $0.58 EPS. Fortinet’s revenue was up 20.1% on a year-over-year basis. 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, analysts expect that Fortinet, Inc. will post 2.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Fortinet

In related news, VP Michael Xie sold 3,907 shares of Fortinet stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $146.44, for a total value of $572,141.08. Following the transaction, the vice president owned 9,923,610 shares of the company’s stock, valued at approximately $1,453,213,448.40. This trade represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ken Xie sold 160,632 shares of Fortinet stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $145.58, for a total value of $23,384,806.56. Following the completion of the transaction, the chief executive officer directly owned 52,972,372 shares in the company, valued at $7,711,717,915.76. This represents a 0.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 318,387 shares of company stock valued at $43,403,063. 17.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on FTNT shares. Royal Bank Of Canada reissued a “sector perform” rating and set a $107.00 price target (up from $90.00) on shares of Fortinet in a report on Thursday, May 7th. Mizuho raised their price target on Fortinet from $70.00 to $86.00 and gave the company an “underperform” rating in a report on Thursday, May 7th. Susquehanna raised their price target on Fortinet from $90.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, May 8th. JPMorgan Chase & Co. raised their price target on Fortinet from $73.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Finally, DZ Bank lowered Fortinet from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $106.43.

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.