OneDigital Investment Advisors LLC Buys Shares of 5,543 Fortinet, Inc. $FTNT

OneDigital Investment Advisors LLC bought a new stake in Fortinet, Inc. (NASDAQ:FTNT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,543 shares of the software maker’s stock, valued at approximately $852,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp boosted its holdings in Fortinet by 1.6% during the third quarter. State Street Corp now owns 29,660,558 shares of the software maker’s stock worth $2,493,860,000 after buying an additional 477,397 shares during the last quarter. Norges Bank acquired a new stake in shares of Fortinet in the 4th quarter valued at approximately $1,152,917,000. Bank of New York Mellon Corp boosted its stake in Fortinet by 6.6% during the 4th quarter. Bank of New York Mellon Corp now owns 14,504,597 shares of the software maker’s stock worth $1,151,810,000 after acquiring an additional 893,190 shares during the last quarter. First Trust Advisors LP boosted its stake in Fortinet by 45.5% during the 1st quarter. First Trust Advisors LP now owns 11,506,173 shares of the software maker’s stock worth $940,284,000 after acquiring an additional 3,598,487 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Fortinet by 17.0% during the third quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock valued at $909,453,000 after purchasing an additional 1,568,337 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insiders Place Their Bets

In related news, COO John Whittle sold 146,015 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the completion of the transaction, the chief operating officer directly owned 94,724 shares in the company, valued at approximately $12,163,508.84. This trade represents a 60.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $572,141.08. Following the completion of the sale, the vice president directly owned 9,923,610 shares in the company, valued at approximately $1,453,213,448.40. This represents a 0.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 475,157 shares of company stock worth $69,480,964. Corporate insiders own 17.60% of the company’s stock.

Fortinet Stock Down 2.6%

Fortinet stock opened at $155.85 on Tuesday. The stock has a market capitalization of $114.35 billion, a PE ratio of 54.88, a price-to-earnings-growth ratio of 3.03 and a beta of 1.07. Fortinet, Inc. has a twelve month low of $73.55 and a twelve month high of $172.09. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $155.31 and a 200-day moving average of $115.83.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings data on Wednesday, July 29th. The software maker reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.89 billion. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the business posted $0.64 earnings per share. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. On average, equities research analysts anticipate that Fortinet, Inc. will post 3.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FTNT has been the topic of several analyst reports. Weiss Ratings upgraded shares of Fortinet from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Stifel Nicolaus set a $175.00 price objective on shares of Fortinet and gave the company a “hold” rating in a research report on Thursday, July 30th. DZ Bank downgraded Fortinet from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Compass Point set a $100.00 target price on Fortinet in a report on Monday, May 4th. Finally, BMO Capital Markets boosted their target price on Fortinet from $170.00 to $185.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eighteen have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $150.91.

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.