Fortinet, Inc. $FTNT Shares Sold by Simmons Bank

Simmons Bank trimmed its stake in Fortinet, Inc. (NASDAQ:FTNT) by 94.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,505 shares of the software maker’s stock after selling 40,629 shares during the quarter. Simmons Bank’s holdings in Fortinet were worth $205,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Pinnacle Holdings LLC purchased a new stake in shares of Fortinet during the 3rd quarter valued at $25,000. Ameriflex Group Inc. purchased a new position in shares of Fortinet in the 3rd quarter worth $25,000. Wexford Capital LP acquired a new position in Fortinet in the third quarter valued at $25,000. Palisade Asset Management LLC acquired a new position in Fortinet in the third quarter valued at $28,000. Finally, Elyxium Wealth LLC purchased a new stake in Fortinet during the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Fortinet Trading Up 3.5%

Shares of FTNT opened at $158.98 on Thursday. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $159.80. The stock’s 50-day moving average is $127.45 and its two-hundred day moving average is $97.25. 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 stock has a market cap of $116.48 billion, a PE ratio of 61.38, a P/E/G ratio of 4.21 and a beta of 1.09.

Fortinet (NASDAQ:FTNT) last posted its earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.20. The business 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%.The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Equities analysts forecast that Fortinet, Inc. will post 2.78 earnings per share for the current fiscal year.

Key Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet was highlighted as a strong momentum stock by Zacks, reinforcing the idea that the shares are technically strong and attracting investor interest. Here’s Why Fortinet (FTNT) is a Strong Momentum Stock
• Positive Sentiment: Liquid Networx expanded Fortinet security offerings through AWS and Azure Marketplace, a sign of broader channel reach and potential incremental demand for Fortinet licensing and services. Liquid Networx Expands Fortinet Security Offerings via AWS and Azure Marketplace
• Positive Sentiment: Several recent articles pointed to Fortinet as a potentially top-performing AI/cybersecurity stock, with one noting Barclays raised its price target to $155, which can boost investor confidence. Fortinet (FTNT) Stock Could Be A Top Performer This Year Amid Cautious Guidance
• Neutral Sentiment: Fortinet was included in a list of the most profitable software stocks, which supports the company’s fundamental profile but is not a direct catalyst. 5 Most Profitable Software Stocks to Buy Right Now
• Neutral Sentiment: Bernstein’s Hold rating suggests mixed expectations, while a separate sell recommendation adds caution and may limit enthusiasm around the stock’s near-term upside. Fortinet (FTNT) Gets a Hold from Bernstein Fortinet (FTNT): New Sell Recommendation for This Technology Giant
• Negative Sentiment: Wall Street coverage remains somewhat divided, with cautious guidance still a theme in some commentary, which could temper gains if investors focus on valuation and growth concerns. Here are Tuesday’s Best Wall Street Analyst Research Calls

Analyst Ratings Changes

Several equities research analysts have commented on FTNT shares. BTIG Research upped their price target on Fortinet from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Scotiabank boosted their target price on Fortinet from $85.00 to $110.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. HSBC downgraded shares of Fortinet from a “hold” rating to a “reduce” rating and set a $102.00 target price for the company. in a research report on Monday. BMO Capital Markets raised their price target on shares of Fortinet from $95.00 to $100.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $80.00 price target on shares of Fortinet in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Fortinet has an average rating of “Hold” and a consensus target price of $107.58.

Insider Buying and Selling at Fortinet

In other Fortinet news, CEO Ken Xie sold 160,632 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $145.58, for a total value of $23,384,806.56. Following the completion of the sale, the chief executive officer owned 52,972,372 shares of the company’s stock, valued at $7,711,717,915.76. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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. Also, VP Michael Xie sold 3,907 shares of Fortinet stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total transaction of $572,141.08. Following the sale, the vice president owned 9,923,610 shares in the company, valued at $1,453,213,448.40. This represents a 0.04% decrease in their position. 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 sold 318,387 shares of company stock valued at $43,403,063 over the last 90 days. 17.60% of the stock is owned by corporate insiders.

Fortinet 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.