Fortinet, Inc. $FTNT Shares Newly Acquired by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in Fortinet, Inc. (NASDAQ:FTNT) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 45,828 shares of the software maker’s stock, valued at approximately $8,192,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Puff Wealth Management LLC boosted its position in Fortinet by 3.4% during the third quarter. Puff Wealth Management LLC now owns 1,660 shares of the software maker’s stock worth $297,000 after purchasing an additional 54 shares during the period. Columbus Macro LLC lifted its stake in shares of Fortinet by 1.9% in the third quarter. Columbus Macro LLC now owns 2,981 shares of the software maker’s stock worth $533,000 after buying an additional 55 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Fortinet by 0.3% in the third quarter. Signaturefd LLC now owns 19,581 shares of the software maker’s stock worth $3,500,000 after buying an additional 59 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC boosted its holdings in shares of Fortinet by 1.9% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 3,525 shares of the software maker’s stock worth $630,000 after buying an additional 66 shares during the period. Finally, Kintegral Advisory LLC boosted its holdings in shares of Fortinet by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 12,648 shares of the software maker’s stock worth $2,261,000 after buying an additional 71 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

More Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet reported third-quarter revenue of approximately $2.08 billion, up 20.5% year over year, and adjusted EPS of $0.91, exceeding consensus estimates. Billings increased 29%, while operating margins reached a record. Fortinet Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised full-year 2026 guidance to $8.1 billion-$8.2 billion in revenue and $3.54-$3.58 in EPS. Fourth-quarter EPS guidance of $0.93-$0.95 also exceeds the consensus estimate of $0.86. Fortinet Raises Guidance
• Positive Sentiment: The board authorized an additional $1.2 billion in share repurchases, and quarterly free cash flow was approximately $865 million. Analysts at TD Cowen, Rosenblatt and Truist retained bullish ratings despite lowering their price targets. Fortinet Adds to Buyback Program
• Neutral Sentiment: Fortinet is technically oversold after a sharp multi-week decline, while rising earnings estimates could support a rebound. However, the technical signal does not resolve concerns about the company’s growth mix. Fortinet May See a Trend Reversal
• Negative Sentiment: Service revenue grew only 13%, versus 37% growth in product revenue. Investors are concerned that hardware sales tied to AI infrastructure are not converting into recurring services quickly enough, reducing near-term revenue visibility. The Real Reason Fortinet Dropped
• Negative Sentiment: Management lowered its services outlook, while fourth-quarter revenue guidance implies growth deceleration from the third quarter. Normalizing pricing benefits, higher inventory costs and longer component lead times added to investor concerns.
• Negative Sentiment: Wells Fargo cut its price target to $115 and assigned an underweight rating; Susquehanna lowered its target to $145 and rated the shares neutral. Other firms, including Bank of America, Citi, Barclays and Scotiabank, also reduced targets or ratings. Analysts Cut Fortinet Forecasts
• Negative Sentiment: The broader technology and cybersecurity sell-off is amplifying the reaction, despite a major cryptocurrency hack highlighting demand for digital security. Investors are also questioning whether Fortinet’s premium valuation remains justified as growth slows.

Fortinet Price Performance

NASDAQ:FTNT opened at $136.08 on Monday. The stock has a market cap of $99.84 billion, a P/E ratio of 44.18, a PEG ratio of 2.63 and a beta of 1.04. Fortinet, Inc. has a one year low of $73.55 and a one year high of $197.13. The company has a fifty day moving average price of $171.34 and a 200 day moving average price of $128.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.40 and a quick ratio of 1.28.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Wednesday, October 28th. The software maker reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.05. Fortinet had a net margin of 28.96% and a return on equity of 152.72%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the business posted $0.74 EPS. The business’s quarterly revenue was up 20.5% on a year-over-year basis. Analysts anticipate that Fortinet, Inc. will post 3.19 earnings per share for the current year.

Insider Buying and Selling at Fortinet

In related news, COO John Whittle sold 2,835 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $168.74, for a total value of $478,377.90. Following the completion of the sale, the chief operating officer owned 96,987 shares in the company, valued at approximately $16,365,586.38. This trade represents a 2.84% decrease in their ownership of the stock. 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. Insiders own 17.60% of the company’s stock.

Analyst Upgrades and Downgrades

FTNT has been the topic of a number of research analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $145.00 target price (down from $185.00) on shares of Fortinet in a research note on Monday, October 26th. Yorkville Ives began coverage on shares of Fortinet in a report on Tuesday, October 6th. They set an “outperform” rating and a $225.00 price target for the company. Susquehanna lowered their price target on Fortinet from $160.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday. Citigroup lowered their price target on Fortinet from $185.00 to $140.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $130.00 price objective on shares of Fortinet in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty-four have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $147.94.

About Fortinet

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.