United Capital Financial Advisors LLC Buys Shares of 21,470 Fortinet, Inc. $FTNT

United Capital Financial Advisors LLC purchased a new stake in Fortinet, Inc. (NASDAQ:FTNT) during the second quarter, HoldingsChannel.com reports. The firm purchased 21,470 shares of the software maker’s stock, valued at approximately $3,298,000.

A number of other institutional investors have also made changes to their positions in the stock. Physician Wealth Advisors Inc. increased its holdings in Fortinet by 408.3% in the first quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock valued at $25,000 after purchasing an additional 245 shares during the last quarter. Dunhill Financial LLC bought a new position in Fortinet during the second quarter worth about $25,000. Burk Holdings LLC acquired a new position in shares of Fortinet during the 2nd quarter worth about $25,000. Wexford Capital LP acquired a new position in shares of Fortinet during the 3rd quarter worth about $25,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Fortinet in the 4th quarter valued at about $27,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortinet

In related news, CEO Ken Xie sold 161,482 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at approximately $8,616,486,029.52. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 3,121 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $162.63, for a total value of $507,568.23. Following the transaction, the vice president owned 9,918,360 shares of the company’s stock, valued at approximately $1,613,022,886.80. This trade represents a 0.03% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 329,142 shares of company stock worth $50,731,178 over the last ninety days. 17.60% of the stock is currently owned by insiders.

Fortinet Price Performance

NASDAQ FTNT opened at $166.00 on Friday. The business has a 50 day simple moving average of $157.68 and a 200 day simple moving average of $120.40. Fortinet, Inc. has a 52-week low of $73.55 and a 52-week high of $173.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.28. The stock has a market cap of $121.80 billion, a price-to-earnings ratio of 58.45, a PEG ratio of 3.28 and a beta of 1.07.

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

Key Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet Federal, a wholly owned subsidiary, earned CMMC Level 2 certification after validating 110 NIST SP 800-171 controls. The certification could improve Fortinet’s credibility with U.S. government agencies and defense contractors seeking compliant cybersecurity providers. Fortinet Federal’s New CMMC Level 2 Certification
• Positive Sentiment: Analysts continue to point to platform adoption, artificial-intelligence security products, product expansion and CMMC-related demand as potential growth drivers across enterprise and government markets. Fortinet Stock Surges on Security Platform Momentum
• Positive Sentiment: A new multi-year sponsorship agreement with Stanford Athletics supports Fortinet’s brand visibility, although the financial impact is likely modest compared with its core business. Stanford Athletics and Fortinet Sponsorship
• Neutral Sentiment: Fortinet recently moved above its 20-day moving average, signaling short-term technical momentum. However, technical support can also encourage profit-taking after a large advance. Fortinet Crosses Above Its 20-Day Moving Average
• Negative Sentiment: Valuation is a key overhang. With the stock near its annual high and trading at roughly 58 times earnings, investors may be demanding continued strong execution, leaving limited room for disappointment. Fortinet Valuation Leaves Limited Margin of Safety
• Negative Sentiment: Insider-trading data shows executives made no open-market purchases and reported multiple sales over the past six months. In addition, the reported median analyst price target of $115 is below recent trading levels, reinforcing concerns that expectations may have become excessive.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on FTNT shares. Weiss Ratings lowered shares of Fortinet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, August 20th. HC Wainwright reiterated a “buy” rating on shares of Fortinet in a report on Thursday, July 30th. Zacks Research raised shares of Fortinet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Citigroup boosted their price target on shares of Fortinet from $165.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, William Blair reaffirmed a “market perform” rating on shares of Fortinet in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twenty have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Fortinet has an average 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.