Pure Financial Advisors LLC Makes New $944,000 Investment in Fortinet, Inc. $FTNT

Pure Financial Advisors LLC acquired a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,147 shares of the software maker’s stock, valued at approximately $944,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Expressive Wealth LLC bought a new stake in Fortinet in the fourth quarter valued at about $646,000. Leonteq Securities AG acquired a new position in shares of Fortinet during the 4th quarter worth about $10,422,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Fortinet in the 4th quarter valued at about $14,638,000. Thrivent Financial for Lutherans raised its position in shares of Fortinet by 156.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 390,492 shares of the software maker’s stock valued at $31,009,000 after acquiring an additional 238,299 shares during the period. Finally, Westerkirk Capital Inc. boosted its stake in Fortinet by 41.9% during the 4th quarter. Westerkirk Capital Inc. now owns 52,500 shares of the software maker’s stock worth $4,169,000 after acquiring an additional 15,500 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

Fortinet Stock Performance

FTNT opened at $157.54 on Thursday. The company has a market capitalization of $115.59 billion, a price-to-earnings ratio of 55.47, a P/E/G ratio of 2.91 and a beta of 1.07. The business’s 50-day moving average price is $156.69 and its two-hundred day moving average price is $119.45. Fortinet, Inc. has a 1 year low of $73.55 and a 1 year high of $172.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.28 and a quick ratio of 1.19.

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

Analyst Ratings Changes

Several research firms have weighed in on FTNT. The Goldman Sachs Group reiterated a “buy” rating and issued a $190.00 target price on shares of Fortinet in a report on Thursday, July 30th. Susquehanna upped their price objective on shares of Fortinet from $115.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. HC Wainwright reiterated a “buy” rating on shares of Fortinet in a report on Thursday, July 30th. Piper Sandler restated a “neutral” rating and issued a $175.00 price target (up from $110.00) on shares of Fortinet in a report on Thursday, July 30th. Finally, Morgan Stanley reaffirmed a “positive” rating and set a $136.00 price target (up from $133.00) on shares of Fortinet in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twenty have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Fortinet currently has a consensus rating of “Hold” and a consensus target price of $150.91.

Insider Activity at Fortinet

In other news, CEO Ken Xie sold 161,482 shares of Fortinet stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $162.66, for a total value of $26,266,662.12. Following the sale, the chief executive officer directly owned 52,972,372 shares in the company, valued at $8,616,486,029.52. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, VP Michael Xie sold 3,907 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $146.44, for a total transaction 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. 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 have sold a total of 329,142 shares of company stock valued at $50,731,178 over the last ninety days. Company insiders own 17.60% of the company’s stock.

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.