<div id="readability-page-1"><p><span>Fortinet (NASDAQ:FTNT - Get Free Report)</span> was downgraded by equities research analysts at DZ Bank from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a note issued to investors on Tuesday. They currently have a $125.00 price target on the software maker's stock. DZ Bank's price target would suggest a potential downside of 1.19% from the company's current price.</p><ul><li>Cybersecurity Demand Is High—Yet This ETF Is on Sale</li></ul><p>FTNT has been the topic of several other research reports. TD Cowen  reissued a &#34;buy&#34; rating and set a $125.00 target price (up from $100.00) on shares of Fortinet in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft  reaffirmed a &#34;hold&#34; rating and set a $100.00 price objective on shares of Fortinet in a research note on Thursday, May 7th. Susquehanna increased their target price on shares of Fortinet from $90.00 to $115.00 and gave the company a &#34;neutral&#34; rating in a research note on Friday, May 8th. Jefferies Financial Group  set a $90.00 price target on shares of Fortinet in a research note on Friday, February 6th. Finally, Cantor Fitzgerald  reissued a &#34;neutral&#34; rating and issued a $87.00 price objective on shares of Fortinet in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, five have issued  a Buy rating, twenty-four have issued  a Hold rating and four have issued  a Sell rating to the company. Based on data from MarketBeat, the company  has a consensus rating of &#34;Hold&#34; and an average price target of $101.83.</p><p><b>Check Out Our Latest Stock Analysis on Fortinet</b></p><h2>Fortinet Stock Performance</h2><ul><li>4 Reasons Fortinet Could Be at a Buyable Bottom</li></ul><p>Fortinet stock opened at $126.50 on Tuesday. The company's 50-day moving average price is $88.36 and its 200-day moving average price is $83.65. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. The company has a market cap of $92.68 billion, a PE ratio of 48.84, a price-to-earnings-growth ratio of 3.38 and a beta of 0.92. Fortinet has a twelve month low of $70.12 and a twelve month high of $126.61. </p><p>Fortinet (NASDAQ:FTNT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.20. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm earned $0.58 EPS. The firm's revenue for the quarter was up 20.1% compared to the same quarter last year. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS.  On average, equities research analysts forecast that  Fortinet will post 2.77 EPS for the current fiscal year. </p><h2>Insider Activity at Fortinet</h2><ul><li>MarketBeat Week in Review – 02/02 - 02/06</li></ul><p>In other Fortinet news, CEO Ken Xie sold 5,355 shares of the firm's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $88.90, for a total transaction of $476,059.50. Following the transaction, the chief executive officer directly owned 52,978,004 shares in the company, valued at $4,709,744,555.60. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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, VP Michael Xie sold 2,478 shares of Fortinet stock in a transaction on Monday, May 4th. The shares were sold at an average price of $88.89, for a total value of $220,269.42. Following the sale, the vice president directly owned 9,927,517 shares of the company's stock, valued at approximately $882,456,986.13. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 own  17.60% of the company's stock. </p><h2>Institutional Trading of Fortinet</h2><p>Institutional investors and hedge funds have recently made changes to their positions in the company. Pinnacle Holdings LLC bought a new stake in shares of  Fortinet in the 3rd quarter valued at about $25,000.  Ameriflex Group Inc. bought a new position in shares of  Fortinet during the third quarter valued at approximately $25,000.  Wexford Capital LP purchased a new position in  Fortinet during the third quarter valued at approximately $25,000.  Physician Wealth Advisors Inc. increased its holdings in  Fortinet by 408.3% during the first quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker's stock valued at $25,000 after buying an additional 245 shares during the period.  Finally, Palisade Asset Management LLC bought a new position in  Fortinet in the third quarter worth approximately $28,000. 83.71% of the stock is currently owned by institutional investors. </p><h2>About Fortinet</h2> (Get Free Report)<p>Fortinet, Inc <span>NASDAQ: FTNT<span></span></span> 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.  </p><p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Fortinet</li><li>Does Nano Nuclear Energy’s New Deal Amp the Outlook?</li><li>3 Dividend Stocks With Insiders Buying in 2026</li><li>Dillard’s Posted a Huge Earnings Beat—So Why Did the Rally Fade?</li><li>Why Trump’s Amazon Stock Sale May Not Matter at All</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RlROVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RlROVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Fortinet Right Now?</h2><p>Before you consider Fortinet, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fortinet wasn't on the list.</p><p>While Fortinet currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

FTNT

<p>DZ Bank has downgraded Fortinet (NASDAQ:FTNT) from a 'buy' to a 'hold' rating, setting a price target of $125.00, indicating a potential downside of 1.19%. This follows various ratings from other analysts, with a consensus rating of 'hold' and an average price target of $101.83. Fortinet's stock opened at $126.50, with a recent quarterly EPS of $0.82, surpassing estimates.</p>

Fortinet (NASDAQ:FTNT) Downgraded by DZ Bank to "Hold"