Fortinet, Inc. $FTNT Shares Purchased by Trilogy Capital Inc.

Key Points

• Trilogy Capital boosted its Fortinet stake by 46.8% to 44,152 shares (approximately $3.51M), and institutional investors now own about 83.71% of the company.
• Fortinet beat Q4 estimates with EPS of $0.81 versus $0.74 and revenue of $1.91B (up 14.8% YoY), and issued Q1 2026 guidance of 0.590–0.630 EPS and FY2026 guidance of 2.940–3.000 EPS.
• CEO Ken Xie and VP Michael Xie sold 175,737 and 343,106 shares on Feb 2 (insiders still own ~17.2%); the stock trades near $80.66 (down 3.4%) with a consensus analyst rating of Hold and an average price target of $87.84.

Trilogy Capital Inc. increased its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT - Free Report) by 46.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,152 shares of the software maker's stock after acquiring an additional 14,076 shares during the period. Trilogy Capital Inc.'s holdings in Fortinet were worth $3,506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FTNT. Vanguard Group Inc. grew its holdings in Fortinet by 4.0% during the third quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker's stock worth $6,354,874,000 after acquiring an additional 2,894,355 shares during the period. Van ECK Associates Corp grew its holdings in Fortinet by 62.1% during the third quarter. Van ECK Associates Corp now owns 5,564,558 shares of the software maker's stock worth $467,868,000 after acquiring an additional 2,132,109 shares during the period. First Trust Advisors LP grew its holdings in Fortinet by 30.9% during the third quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker's stock worth $636,962,000 after acquiring an additional 1,790,033 shares during the period. Invesco Ltd. grew its holdings in Fortinet by 17.0% during the third quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker's stock worth $909,453,000 after acquiring an additional 1,568,337 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Fortinet by 23.1% during the third quarter. Ameriprise Financial Inc. now owns 5,160,348 shares of the software maker's stock worth $430,082,000 after acquiring an additional 969,899 shares during the period. Institutional investors and hedge funds own 83.71% of the company's stock.

Fortinet Stock Down 3.4%

Fortinet stock opened at $80.66 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. The firm has a market capitalization of $59.68 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.87 and a beta of 1.00. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $109.33. The stock's fifty day moving average is $81.86 and its two-hundred day moving average is $81.97.

Fortinet (NASDAQ:FTNT - Get Free Report) last posted its earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.07. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company earned $0.74 earnings per share. Fortinet's revenue was up 14.8% compared to the same quarter last year. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Analysts predict that Fortinet, Inc. will post 2.09 EPS for the current fiscal year.

Insider Buying and Selling at Fortinet

In other news, CEO Ken Xie sold 175,737 shares of the company's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $14,308,506.54. Following the sale, the chief executive officer directly owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael Xie sold 343,106 shares of the company's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $27,935,690.52. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FTNT has been the topic of a number of recent analyst reports. Citigroup reaffirmed a "neutral" rating and set a $90.00 price objective (up from $85.00) on shares of Fortinet in a report on Monday, February 9th. Evercore set a $80.00 target price on Fortinet in a report on Friday, February 6th. TD Cowen raised Fortinet from a "hold" rating to a "buy" rating and set a $100.00 target price on the stock in a report on Friday, January 23rd. Barclays set a $88.00 target price on Fortinet in a report on Tuesday, February 3rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Fortinet in a report on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $87.84.

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.

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