Integrated Advisors Network LLC Has $8.35 Million Position in Fortinet, Inc. $FTNT

Integrated Advisors Network LLC increased its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 22.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,298 shares of the software maker’s stock after buying an additional 18,118 shares during the period. Integrated Advisors Network LLC’s holdings in Fortinet were worth $8,349,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank bought a new stake in Fortinet during the 2nd quarter valued at approximately $1,640,900,000. Vanguard Group Inc. boosted its position in shares of Fortinet by 4.0% in the third quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock valued at $6,354,874,000 after acquiring an additional 2,894,355 shares during the period. State Street Corp grew its stake in shares of Fortinet by 3.0% in the second quarter. State Street Corp now owns 29,183,161 shares of the software maker’s stock worth $3,085,244,000 after acquiring an additional 862,468 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Fortinet by 5.2% in the second quarter. Geode Capital Management LLC now owns 16,916,974 shares of the software maker’s stock worth $1,783,091,000 after acquiring an additional 828,569 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in Fortinet by 213.0% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,158,646 shares of the software maker’s stock worth $122,492,000 after acquiring an additional 788,436 shares during the period. 83.71% of the stock is currently owned by institutional investors.

Fortinet Price Performance

NASDAQ:FTNT opened at $79.20 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. The company has a 50-day moving average of $80.17 and a 200-day moving average of $81.33. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $111.31. The company has a market capitalization of $58.90 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 2.67 and a beta of 1.06.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 earnings per share. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. As a group, equities research analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on FTNT shares. Evercore set a $80.00 price target on shares of Fortinet in a report on Friday, February 6th. UBS Group restated a “neutral” rating and set a $90.00 price objective on shares of Fortinet in a report on Friday, February 6th. Scotiabank cut shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 target price for the company. in a research note on Monday, February 2nd. Truist Financial set a $88.00 target price on Fortinet in a research report on Tuesday, January 20th. Finally, Mizuho boosted their price target on Fortinet from $72.00 to $74.00 and gave the company an “underperform” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $89.42.

Insider Buying and Selling

In other Fortinet news, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $14,308,506.54. Following the sale, the chief executive officer directly owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Michael Xie sold 343,106 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $27,935,690.52. Following the transaction, the vice president owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. This represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 17.20% of the company’s stock.

About Fortinet

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.