7,702 Shares in Fortinet, Inc. $FTNT Bought by Fielder Capital Group LLC

Key Points

• Fielder Capital Group acquired 7,702 Fortinet shares worth approximately $1.18 million in the second quarter. Institutional investors own 83.71% of Fortinet’s outstanding stock.
• Fortinet reported quarterly EPS of $0.90, exceeding estimates of $0.75, while revenue rose 25.6% year over year to $2.05 billion. The company issued fiscal 2026 EPS guidance of $3.41 to $3.47.
• Analyst views remain mixed, with a consensus “Hold” rating and an average price target of $150.91, below the stock’s reported opening price of $160.01. Insiders sold 475,157 shares worth $69.5 million in the last quarter.

Fielder Capital Group LLC acquired a new position in Fortinet, Inc. (NASDAQ:FTNT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,702 shares of the software maker's stock, valued at approximately $1,183,000.

Other institutional investors have also recently bought and sold shares of the company. SCS Capital Management LLC purchased a new position in shares of Fortinet in the 2nd quarter worth about $2,321,000. Silverlake Wealth Management LLC purchased a new stake in Fortinet during the second quarter worth about $253,000. Bank of New York Mellon Corp purchased a new stake in Fortinet during the second quarter worth about $1,432,842,000. Focus Partners Advisor Solutions LLC bought a new stake in Fortinet in the second quarter worth about $3,239,000. Finally, State of Wyoming bought a new stake in Fortinet in the second quarter worth about $643,000. Institutional investors own 83.71% of the company's stock.

Fortinet Stock Performance

Shares of FTNT stock opened at $160.01 on Monday. The stock has a market capitalization of $117.40 billion, a price-to-earnings ratio of 56.34, a PEG ratio of 3.03 and a beta of 1.07. The company's fifty day simple moving average is $155.05 and its two-hundred day simple moving average is $115.31. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The software maker reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.15. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.89 billion. Fortinet had a return on equity of 191.54% and a net margin of 28.17%.The business's revenue for the quarter was up 25.6% on a year-over-year basis. During the same period last year, the company earned $0.64 earnings per share. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. As a group, analysts anticipate that Fortinet, Inc. will post 3.05 earnings per share for the current year.

Insider Buying and Selling

In other Fortinet news, VP Michael Xie sold 3,121 shares of Fortinet stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $162.63, for a total transaction of $507,568.23. Following the completion of the transaction, the vice president owned 9,918,360 shares of the company's stock, valued at $1,613,022,886.80. The trade was a 0.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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, COO John Whittle sold 146,015 shares of the company's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $128.41, for a total value of $18,749,786.15. Following the sale, the chief operating officer owned 94,724 shares in the company, valued at approximately $12,163,508.84. This represents a 60.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 475,157 shares of company stock valued at $69,480,964. Corporate insiders own 17.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group reissued a "buy" rating and set a $190.00 target price on shares of Fortinet in a research report on Thursday, July 30th. Morgan Stanley reaffirmed a "positive" rating and issued a $136.00 price target (up from $133.00) on shares of Fortinet in a report on Thursday, July 30th. Wells Fargo & Company set a $135.00 price objective on Fortinet and gave the company an "underweight" rating in a research note on Thursday, July 30th. Royal Bank Of Canada set a $185.00 price objective on Fortinet and gave the company a "sector perform" rating in a report on Thursday, July 30th. Finally, HSBC downgraded Fortinet from a "hold" rating to a "reduce" rating and set a $102.00 target price for the company. in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.

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