Fortinet, Inc. $FTNT Stock Holdings Lessened by Beacon Investment Advisory Services Inc.

Key Points

• Beacon Investment Advisory Services Inc. reduced its stake in Fortinet by 5.4%, selling 14,485 shares to hold 255,711 shares valued at $20,306,000 at the end of the quarter.
• Insiders executed large sales on Feb 2: VP Michael Xie sold 343,106 shares (~$27.94M) and CEO Ken Xie sold 175,737 shares (~$14.31M), with corporate insiders still owning about 18% of the company.
• Fortinet beat the quarter with EPS $0.81 vs $0.74 and revenue $1.91B vs $1.86B, but analysts show a consensus "Hold" rating with an average target of $88.62 and FY26 guidance of $2.94–3.00 EPS.

Beacon Investment Advisory Services Inc. lessened its stake in shares of Fortinet, Inc. (NASDAQ:FTNT - Free Report) by 5.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 255,711 shares of the software maker's stock after selling 14,485 shares during the period. Beacon Investment Advisory Services Inc.'s holdings in Fortinet were worth $20,306,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FTNT. Pinnacle Holdings LLC acquired a new stake in Fortinet during the 3rd quarter worth about $25,000. Financial Consulate Inc. acquired a new position in shares of Fortinet in the third quarter worth about $25,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Fortinet in the third quarter worth about $25,000. Ameriflex Group Inc. purchased a new position in shares of Fortinet in the third quarter worth approximately $25,000. Finally, Wexford Capital LP acquired a new stake in shares of Fortinet during the third quarter valued at approximately $25,000. 83.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FTNT has been the subject of several research analyst reports. Piper Sandler restated a "neutral" rating and issued a $90.00 price target (up from $85.00) on shares of Fortinet in a research report on Monday, January 5th. Robert W. Baird set a $90.00 target price on shares of Fortinet in a research note on Friday, February 6th. Cantor Fitzgerald restated a "neutral" rating on shares of Fortinet in a report on Thursday, March 12th. JPMorgan Chase & Co. lifted their price target on Fortinet from $72.00 to $73.00 and gave the company an "underweight" rating in a report on Friday, February 6th. Finally, Oppenheimer reissued a "market perform" rating on shares of Fortinet in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-two have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $88.62.

Insider Buying and Selling

In related news, VP Michael Xie sold 343,106 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $27,935,690.52. Following the transaction, the vice president owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ken Xie sold 175,737 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the transaction, the chief executive officer directly owned 51,396,385 shares in the company, valued at approximately $4,184,693,666.70. The trade was a 0.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 18.00% of the company's stock.

Fortinet Price Performance

FTNT opened at $78.20 on Monday. The stock has a market cap of $57.86 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 2.69 and a beta of 1.05. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $109.33. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average price of $81.41 and a 200 day moving average price of $81.93.

Fortinet (NASDAQ:FTNT - Get Free Report) last issued its earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The business's revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 EPS. 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 forecast that Fortinet, Inc. will post 2.09 EPS for the current fiscal year.

Fortinet Company 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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