<div id="readability-page-1"><p>Roof Eidam Maycock Peralta LLC bought a new position in shares of  Fortinet, Inc. (NASDAQ:FTNT - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor  bought 11,830 shares of the software maker's stock, valued at approximately $1,251,000.</p><ul><li>3 Cybersecurity Stocks Poised for Long-Term Growth</li></ul><p>Several other large investors have also recently added to or reduced their stakes in FTNT. Cooper Financial Group purchased a new position in shares of  Fortinet during the 2nd quarter worth about $2,653,000.  Mainstay Capital Management LLC ADV raised its stake in  Fortinet by 105.8% during the second quarter. Mainstay Capital Management LLC ADV now owns 16,816 shares of the software maker's stock worth $1,778,000 after purchasing an additional 8,643 shares during the period.  Geneos Wealth Management Inc. raised its stake in  Fortinet by 40.7% during the first quarter. Geneos Wealth Management Inc. now owns 73,186 shares of the software maker's stock worth $7,045,000 after purchasing an additional 21,177 shares during the period.  Ritholtz Wealth Management raised its stake in  Fortinet by 38.4% during the first quarter. Ritholtz Wealth Management now owns 6,794 shares of the software maker's stock worth $654,000 after purchasing an additional 1,885 shares during the period.  Finally, 1834 Investment Advisors Co. raised its stake in  Fortinet by 2.9% during the second quarter. 1834 Investment Advisors Co. now owns 12,332 shares of the software maker's stock worth $1,304,000 after purchasing an additional 353 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Fortinet Stock Performance</h2><p>Shares of NASDAQ:FTNT opened at $83.14 on Friday. The company has a market cap of $63.71 billion, a P/E ratio of 33.12, a PEG ratio of 3.15 and a beta of 1.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.24 and a current ratio of 1.33. Fortinet, Inc. has a one year low of $70.12 and a one year high of $114.82. The business's 50-day simple moving average is $81.07 and its 200 day simple moving average is $94.19. </p><ul><li>Downgraded But Not Done: 3 Stocks Ready for a Market Comeback</li></ul><p>Fortinet (NASDAQ:FTNT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The software maker reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. Fortinet had a net margin of 30.60% and a return on equity of 111.46%. The business's quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 earnings per share.  On average, sell-side analysts forecast that  Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling at Fortinet</h2><p>In other news, VP Michael Xie sold 476,596 shares of Fortinet stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $98.48, for a total transaction of $46,935,174.08. Following the sale, 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 Securities &amp; Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ken Xie sold 158,486 shares of Fortinet stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $98.48, for a total value of $15,607,701.28. Following the sale, the chief executive officer directly owned 51,391,879 shares in the company, valued at approximately $5,061,072,243.92. The trade was 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>Analyst Ratings Changes</h2><ul><li>3 Cybersecurity Stocks to Watch Ahead of 2026 Midterms</li></ul><p>Several research analysts recently weighed in on the company. Cantor Fitzgerald increased their target price on Fortinet from $100.00 to $110.00 and gave the stock a &#34;neutral&#34; rating in a research report on Wednesday, July 16th. Royal Bank Of Canada cut their price objective on Fortinet from $110.00 to $95.00 and set a &#34;sector perform&#34; rating on the stock in a report on Thursday, August 7th. Barclays cut their price objective on Fortinet from $110.00 to $90.00 and set an &#34;equal weight&#34; rating on the stock in a report on Thursday, August 7th. Morgan Stanley  restated an &#34;underweight&#34; rating and issued a $67.00 price objective (down from $78.00) on shares of Fortinet in a report on Tuesday, September 2nd. Finally, Truist Financial cut their price target on shares of Fortinet from $125.00 to $95.00 and set a &#34;buy&#34; rating on the stock in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, twenty-six have issued  a Hold rating and two have assigned  a Sell rating to the stock. According to MarketBeat.com, Fortinet currently has an average rating of &#34;Hold&#34; and a consensus target price of $97.03.</p><p><b>View Our Latest Stock Analysis on FTNT</b></p><h2>Fortinet 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>Featured Stories</h2><ul><li>Five stocks we like better than Fortinet</li><li>What Are Dividend Contenders? Investing in Dividend Contenders</li><li>Salesforce’s Long-Awaited Inflection is Here: Rally On!</li><li>How to trade using analyst ratings</li><li>Rocket Lab USA Receives Wall Street Validation: Time to Buy?</li><li>How to Invest in Blue Chip Stocks</li><li>Archer Buys Rival's Patent Treasure Trove in Strategic Move</li></ul><p><strong>Want to see what other hedge funds are holding FTNT?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortinet, Inc. (NASDAQ:FTNT - Free Report).</p><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>Roof Eidam Maycock Peralta LLC acquired 11,830 shares of Fortinet, Inc. (NASDAQ:FTNT) valued at approximately $1.25 million during Q2, as reported in their SEC filing. Other institutional investors also increased their stakes in Fortinet. The company reported Q2 earnings of $0.64 per share, exceeding estimates, with a revenue of $1.63 billion. Fortinet's stock opened at $83.14, with a market cap of $63.71 billion. Recent insider sales included significant transactions by VP Michael Xie and CEO Ken Xie, reducing their ownership slightly.</p>

11,830 Shares in Fortinet, Inc. $FTNT Purchased by Roof Eidam Maycock Peralta LLC