Fortinet, Inc. $FTNT Stock: Sigma Planning Corp Grows Position

Sigma Planning Corp boosted its stake in Fortinet, Inc. (NASDAQ:FTNT) by 85.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,689 shares of the software maker’s stock after buying an additional 6,762 shares during the quarter. Sigma Planning Corp’s holdings in Fortinet were worth $2,616,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Transamerica Financial Advisors LLC acquired a new stake in shares of Fortinet during the 2nd quarter valued at about $492,000. Wealth Enhancement Trust Services Inc. grew its stake in shares of Fortinet by 83.8% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 22,326 shares of the software maker’s stock valued at $3,991,000 after buying an additional 10,180 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Fortinet by 21.4% in the 1st quarter. QRG Capital Management Inc. now owns 75,491 shares of the software maker’s stock valued at $6,169,000 after buying an additional 13,294 shares in the last quarter. Vista Investment Partners LLC increased its holdings in Fortinet by 53.1% in the second quarter. Vista Investment Partners LLC now owns 49,058 shares of the software maker’s stock worth $7,537,000 after buying an additional 17,018 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Fortinet by 35.5% in the third quarter. Farther Finance Advisors LLC now owns 32,402 shares of the software maker’s stock worth $5,792,000 after buying an additional 8,488 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FTNT. HC Wainwright reaffirmed a “buy” rating on shares of Fortinet in a research report on Thursday, July 30th. Barclays set a $210.00 target price on shares of Fortinet and gave the stock an “equal weight” rating in a research report on Monday, October 12th. Mizuho set a $160.00 price target on shares of Fortinet and gave the stock an “underperform” rating in a research note on Thursday, October 15th. Roth Capital raised their price target on shares of Fortinet from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, HSBC lifted their price objective on shares of Fortinet from $102.00 to $107.00 in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $162.36.

Fortinet Price Performance

Shares of NASDAQ FTNT opened at $185.00 on Wednesday. The business’s 50-day simple moving average is $171.59 and its 200-day simple moving average is $127.21. Fortinet, Inc. has a 52 week low of $73.55 and a 52 week high of $197.13.

Fortinet (NASDAQ:FTNT) last posted its earnings results 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. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.89 billion. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share. Equities analysts forecast that Fortinet, Inc. will post 3.10 earnings per share for the current year.

Insider Buying and Selling at Fortinet

In related news, COO John Whittle sold 53,865 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $165.44, for a total transaction of $8,911,425.60. Following the completion of the sale, the chief operating officer directly owned 96,987 shares of the company’s stock, valued at approximately $16,045,529.28. This represents a 35.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ken Xie sold 161,482 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $162.66, for a total transaction of $26,266,662.12. Following the sale, 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 ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 221,303 shares of company stock worth $36,164,034 over the last 90 days. Insiders own 17.60% of the company’s stock.

Fortinet News Summary

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet launched the FortiGuard Inline AI Security Service, a cloud-delivered add-on for FortiGate customers that provides AI-specific threat inspection, data-protection controls and guardrails. The service could create additional recurring revenue from Fortinet’s large installed base and strengthen its position in the growing AI-cybersecurity market. Fortinet Expands AI Security with the FortiGuard Inline AI Security Service
• Positive Sentiment: The company also introduced FortiLink SASE Service to secure small branches and distributed facilities without requiring an on-site firewall. The offering expands Fortinet’s unified SASE strategy and may support demand for cloud-delivered security and centralized management. Fortinet Expands Unified SASE to Simplify Microbranch Security
• Positive Sentiment: Atos expanded its long-running partnership with Fortinet into a global engagement covering managed cybersecurity, consulting and hybrid- and multicloud integration. The broader relationship could improve enterprise distribution and service adoption, particularly for Fortinet’s AI-security portfolio. What Fortinet’s Atos Partnership Expansion Means for Shareholders
• Positive Sentiment: Third-quarter earnings estimate revisions are trending upward, with investors citing strong SASE firewall demand, AI-security expansion and share repurchases ahead of the report. Fortinet’s latest quarter also showed revenue growth and earnings above consensus, supporting the bullish momentum narrative. Fortinet Q3 2026 Earnings Preview

Fortinet Company Profile

Fortinet, Inc develops cybersecurity products and services designed to protect networks, endpoints, applications, cloud environments and operational technology systems. The company’s portfolio includes next-generation firewalls, secure networking products, endpoint security, web application security, email security, identity and access solutions, and security information and event management tools.

Its product offerings include FortiGate network security appliances and cloud-based firewalls, along with FortiSwitch, FortiAP and FortiExtender solutions for secure connectivity.