Trilogy Capital Inc. Boosts Stock Holdings in Fortinet, Inc. $FTNT

Trilogy Capital Inc. increased its stake in Fortinet, Inc. (NASDAQ:FTNT) by 13.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,905 shares of the software maker’s stock after acquiring an additional 5,753 shares during the period. Trilogy Capital Inc.’s holdings in Fortinet were worth $4,078,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FTNT. Pinnacle Holdings LLC acquired a new position in Fortinet during the 3rd quarter worth $25,000. Ameriflex Group Inc. acquired a new stake in Fortinet in the 3rd quarter valued at about $25,000. Wexford Capital LP acquired a new stake in Fortinet in the 3rd quarter valued at about $25,000. Elyxium Wealth LLC purchased a new position in shares of Fortinet in the 4th quarter valued at about $27,000. Finally, Palisade Asset Management LLC purchased a new position in shares of Fortinet in the 3rd quarter valued at about $28,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FTNT shares. TD Cowen restated a “buy” rating and set a $160.00 target price (up from $125.00) on shares of Fortinet in a research note on Monday, June 8th. Stifel Nicolaus set a $85.00 price target on shares of Fortinet in a research note on Wednesday, March 11th. Zacks Research cut shares of Fortinet from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Weiss Ratings raised shares of Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Finally, Stephens set a $115.00 price objective on shares of Fortinet and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Fortinet currently has a consensus rating of “Hold” and a consensus price target of $107.77.

Insider Transactions at Fortinet

In other news, CEO Ken Xie sold 160,632 shares of the company’s stock in a transaction 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 transaction, the chief executive officer owned 52,972,372 shares in the company, valued at approximately $7,711,717,915.76. This represents a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,907 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president owned 9,923,610 shares of the company’s stock, valued at approximately $1,453,213,448.40. The trade was 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. In the last quarter, insiders sold 318,387 shares of company stock worth $43,403,063. 17.60% of the stock is currently owned by insiders.

Fortinet Price Performance

Shares of NASDAQ FTNT opened at $151.35 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.15. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $152.77. The firm has a market capitalization of $110.89 billion, a PE ratio of 58.44, a price-to-earnings-growth ratio of 4.14 and a beta of 1.11. The stock’s 50-day simple moving average is $123.02 and its 200-day simple moving average is $95.61.

Fortinet (NASDAQ:FTNT) last announced its quarterly 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 firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company posted $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. As a group, equities research analysts forecast that Fortinet, Inc. will post 2.78 EPS for the current fiscal year.

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.