Fortinet, Inc. $FTNT Shares Bought by Evergreen Private Wealth LLC

Evergreen Private Wealth LLC increased its stake in Fortinet, Inc. (NASDAQ:FTNT) by 72.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,703 shares of the software maker’s stock after acquiring an additional 18,291 shares during the period. Evergreen Private Wealth LLC’s holdings in Fortinet were worth $3,470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PDS Planning Inc increased its position in shares of Fortinet by 3.1% during the 4th quarter. PDS Planning Inc now owns 4,110 shares of the software maker’s stock valued at $326,000 after purchasing an additional 123 shares during the period. Fiduciary Trust Co lifted its holdings in shares of Fortinet by 1.2% in the third quarter. Fiduciary Trust Co now owns 10,823 shares of the software maker’s stock valued at $910,000 after buying an additional 130 shares during the period. Meeder Asset Management Inc. boosted its stake in Fortinet by 40.6% during the third quarter. Meeder Asset Management Inc. now owns 481 shares of the software maker’s stock valued at $40,000 after buying an additional 139 shares in the last quarter. Optimist Retirement Group LLC boosted its stake in Fortinet by 2.9% during the third quarter. Optimist Retirement Group LLC now owns 4,888 shares of the software maker’s stock valued at $411,000 after buying an additional 140 shares in the last quarter. Finally, L2 Asset Management LLC grew its holdings in Fortinet by 5.1% during the third quarter. L2 Asset Management LLC now owns 2,992 shares of the software maker’s stock worth $252,000 after acquiring an additional 145 shares during the period. Institutional investors own 83.71% of the company’s stock.

Insider Buying and Selling

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

Fortinet Price Performance

NASDAQ FTNT opened at $87.09 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $109.33. The company has a market cap of $64.44 billion, a PE ratio of 35.84, a PEG ratio of 2.93 and a beta of 1.00. The stock’s 50-day moving average price is $81.64 and its two-hundred day moving average price is $81.74.

Fortinet (NASDAQ:FTNT) last announced its earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. On average, analysts predict that Fortinet, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on FTNT. Weiss Ratings reiterated a “hold (c)” rating on shares of Fortinet in a research report on Friday, March 27th. Scotiabank cut shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective on the stock. in a research note on Monday, February 2nd. Mizuho dropped their target price on shares of Fortinet from $74.00 to $70.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Sanford C. Bernstein reissued a “market perform” rating and set a $83.00 target price on shares of Fortinet in a research note on Friday, February 6th. Finally, Wells Fargo & Company began coverage on shares of Fortinet in a report on Tuesday, March 3rd. They set an “underweight” rating and a $64.00 target price for the company. Five analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $87.04.

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.