<div id="readability-page-1"><p>Cookson Peirce &amp; Co. Inc. lifted its holdings in shares of  Fortinet, Inc. (NASDAQ:FTNT - Free Report) by 359.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities &amp; Exchange Commission. The fund owned 167,542 shares of the software maker's stock after purchasing an additional 131,037 shares during the quarter. Cookson Peirce &amp; Co. Inc.'s holdings in Fortinet were worth $16,128,000 as of its most recent SEC filing.</p><ul><li>2 Cybersecurity Giants Nearing Big Potential Breakouts</li></ul><p>Several other hedge funds also recently modified their holdings of the business. Hemington Wealth Management increased its stake in shares of  Fortinet by 16.6% during the 1st quarter. Hemington Wealth Management now owns 752 shares of the software maker's stock worth $72,000 after purchasing an additional 107 shares during the last quarter.  Citizens Financial Group Inc. RI increased its stake in shares of  Fortinet by 0.9% during the 1st quarter. Citizens Financial Group Inc. RI now owns 12,334 shares of the software maker's stock worth $1,187,000 after purchasing an additional 107 shares during the last quarter.  Eagle Capital Management LLC increased its stake in shares of  Fortinet by 0.4% during the 1st quarter. Eagle Capital Management LLC now owns 26,285 shares of the software maker's stock worth $2,530,000 after purchasing an additional 109 shares during the last quarter.  ORG Partners LLC grew its stake in  Fortinet by 47.5% in the 1st quarter. ORG Partners LLC now owns 348 shares of the software maker's stock valued at $34,000 after buying an additional 112 shares during the last quarter.  Finally, Bogart Wealth LLC grew its stake in  Fortinet by 37.3% in the 1st quarter. Bogart Wealth LLC now owns 412 shares of the software maker's stock valued at $40,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own  83.71% of the company's stock. </p><h2>Insiders Place Their Bets</h2><p>In other Fortinet news, VP Michael Xie sold 476,596 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $98.48, for a total value of $46,935,174.08. Following the completion of the transaction, the vice president directly owned 9,730,560 shares of the company's stock, valued at approximately $958,265,548.80. The trade was a 4.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ken Xie sold 158,486 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $98.48, for a total transaction of $15,607,701.28. Following the completion of the transaction, the chief executive officer directly owned 51,391,879 shares of the company's stock, valued at approximately $5,061,072,243.92. This represents a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own  17.20% of the company's stock. </p><h2>Fortinet Trading Up 1.1%</h2><ul><li>3 Great Growth Stocks to Buy-and-Hold for the Next 10 Years</li></ul><p>Shares of FTNT stock opened at $79.33 on Thursday. Fortinet, Inc. has a 12-month low of $70.12 and a 12-month high of $114.82. The company has a market capitalization of $60.79 billion, a P/E ratio of 31.61, a P/E/G ratio of 2.97 and a beta of 1.07. The firm has a 50-day moving average price of $100.27 and a 200 day moving average price of $101.18. The company has a quick ratio of 1.24, a current ratio of 1.33 and a debt-to-equity ratio of 0.24. </p><p>Fortinet (NASDAQ:FTNT - Get Free Report) last announced its earnings results on Wednesday, August 6th. The software maker reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. Fortinet had a net margin of 30.60% and a return on equity of 111.46%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The company's revenue was up 13.6% on a year-over-year basis.  Research analysts forecast that  Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>Is Fortinet Ready to Break Out After Months of Consolidation?</li></ul><p>A number of research firms recently issued reports on FTNT. Barclays lowered their target price on shares of Fortinet from $110.00 to $90.00 and set an &#34;equal weight&#34; rating on the stock in a research note on Thursday, August 7th. Wolfe Research began coverage on shares of Fortinet in a research note on Monday, May 12th. They issued a &#34;peer perform&#34; rating on the stock. BMO Capital Markets lowered their target price on shares of Fortinet from $110.00 to $90.00 and set a &#34;market perform&#34; rating on the stock in a research note on Thursday, August 7th. Roth Capital  set a $103.00 target price on shares of Fortinet and gave the company a &#34;neutral&#34; rating in a research note on Tuesday, April 22nd. Finally, Robert W. Baird raised their target price on shares of Fortinet from $110.00 to $113.00 and gave the company a &#34;neutral&#34; rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, twenty-five have assigned  a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of &#34;Hold&#34; and a consensus target price of $97.93.</p><p><b>Check Out Our Latest Stock Report on Fortinet</b></p><h2>Fortinet Company Profile</h2> (Free Report)<p>Fortinet, Inc provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Fortinet</li><li>What is the FTSE 100 index? </li><li>Tesla’s Pennant Just Snapped: Here’s What It Means for the Stock</li><li>How to Use High Beta Stocks to Maximize Your Investing Profits</li><li>3 Companies That Will Profit From Trump's Semiconductor Tariffs</li><li>2 Fintech Stocks to Buy Now and 1 to Avoid</li><li>3 Earnings Reports Give a Snapshot of Consumer Sentiment</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.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="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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>Cookson Peirce & Co. Inc. increased its stake in Fortinet, Inc. (NASDAQ:FTNT) by 359% in Q1, owning 167,542 shares valued at $16.13 million. Other hedge funds also raised their holdings. Insiders, including VP Michael Xie and CEO Ken Xie, sold significant shares recently. Fortinet's stock opened at $79.33, with a market cap of $60.79 billion and a P/E ratio of 31.61. The company reported $0.64 EPS for the last quarter, exceeding estimates, with a revenue of $1.63 billion, up 13.6% year-over-year.</p>

Cookson Peirce & Co. Inc. Has $16.13 Million Stock Position in Fortinet, Inc. (NASDAQ:FTNT)