Fortinet (NASDAQ:FTNT) CEO Sells $476,059.50 in Stock

Fortinet, Inc. (NASDAQ:FTNT) CEO Ken Xie sold 5,355 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $88.90, for a total transaction of $476,059.50. Following the completion of the sale, the chief executive officer owned 52,978,004 shares in the company, valued at $4,709,744,555.60. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 FTNT 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. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $108.77. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The firm has a fifty day moving average of $81.83 and a 200-day moving average of $81.72. The stock has a market capitalization of $65.83 billion, a PE ratio of 37.00, a PEG ratio of 2.96 and a beta of 0.92.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm posted $0.74 EPS. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. 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 predict that Fortinet, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FTNT shares. Scotiabank downgraded shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective for the company. in a research report on Monday, February 2nd. Wells Fargo & Company began coverage on shares of Fortinet in a research note on Tuesday, March 3rd. They set an “underweight” rating and a $64.00 price target for the company. Rosenblatt Securities raised their price target on shares of Fortinet from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Mizuho decreased their price target on shares of Fortinet from $74.00 to $70.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $90.00 price target (up from $85.00) on shares of Fortinet in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-one have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $88.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Optimist Retirement Group LLC grew its position in Fortinet by 2.5% during the fourth quarter. Optimist Retirement Group LLC now owns 5,010 shares of the software maker’s stock valued at $398,000 after acquiring an additional 122 shares during the last quarter. PDS Planning Inc raised its position in Fortinet by 3.1% in the 4th quarter. PDS Planning Inc now owns 4,110 shares of the software maker’s stock worth $326,000 after purchasing an additional 123 shares during the period. GW&K Investment Management LLC raised its position in Fortinet by 31.4% in the 4th quarter. GW&K Investment Management LLC now owns 515 shares of the software maker’s stock worth $41,000 after purchasing an additional 123 shares during the period. Delta Investment Management LLC raised its position in Fortinet by 2.4% in the 4th quarter. Delta Investment Management LLC now owns 5,250 shares of the software maker’s stock worth $417,000 after purchasing an additional 125 shares during the period. Finally, Personal CFO Solutions LLC raised its position in Fortinet by 5.0% in the 1st quarter. Personal CFO Solutions LLC now owns 2,670 shares of the software maker’s stock worth $218,000 after purchasing an additional 127 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Fortinet News Summary

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

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.