<div id="readability-page-1"><p>Capital Impact Advisors LLC purchased a new position in  Fortinet, Inc. (NASDAQ:FTNT - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 95,253 shares of the software maker's stock, valued at approximately $10,070,000. Fortinet makes up  about  3.0% of Capital Impact Advisors LLC's investment portfolio, making the stock its 13th largest holding.</p><ul><li>3 Cybersecurity Stocks Poised for Long-Term Growth</li></ul><p>Several other hedge funds and other institutional investors have also added to or reduced their stakes in FTNT. Vanguard Group Inc. boosted its stake in  Fortinet by 1.4% during the second quarter. Vanguard Group Inc. now owns 72,686,920 shares of the software maker's stock worth $7,684,461,000 after buying an additional 1,024,516 shares during the period.  State Street Corp boosted its stake in shares of  Fortinet by 3.0% during the 2nd quarter. State Street Corp now owns 29,183,161 shares of the software maker's stock worth $3,085,244,000 after purchasing an additional 862,468 shares during the period.  Geode Capital Management LLC grew its holdings in  Fortinet by 5.2% during the 2nd quarter. Geode Capital Management LLC now owns 16,916,974 shares of the software maker's stock valued at $1,783,091,000 after purchasing an additional 828,569 shares during the last quarter.  Norges Bank purchased a new stake in  Fortinet in the 2nd quarter worth about $1,640,900,000.  Finally, Invesco Ltd. raised its position in  Fortinet by 7.9% in the 2nd quarter. Invesco Ltd. now owns 9,248,182 shares of the software maker's stock worth $977,718,000 after purchasing an additional 677,654 shares during the period. 83.71% of the stock is currently owned by institutional investors. </p><h2>Fortinet Trading Down 0.3%</h2><p>NASDAQ FTNT opened at $82.22 on Friday. Fortinet, Inc. has a one year low of $70.12 and a one year high of $114.82. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.94 and a current ratio of 1.03. The company has a market capitalization of $61.14 billion, a price-to-earnings ratio of 33.84, a price-to-earnings-growth ratio of 3.06 and a beta of 1.10. The company's 50-day simple moving average is $83.24 and its two-hundred day simple moving average is $89.35. </p><ul><li>Downgraded But Not Done: 3 Stocks Ready for a Market Comeback</li></ul><p>Fortinet (NASDAQ:FTNT - Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.11. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. Fortinet had a net margin of 28.58% and a return on equity of 118.27%. The company's quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. Fortinet has set its FY 2025 guidance at 2.660-2.700 EPS and its Q4 2025 guidance at 0.730-0.750 EPS.  Equities analysts forecast that  Fortinet, Inc. will post 2.09 EPS for the current fiscal year. </p><h2>Insider Activity</h2><p>In other news, VP Michael Xie sold 3,546 shares of Fortinet stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $86.53, for a total value of $306,835.38. Following the transaction, the vice president owned 10,492,018 shares of the company's stock, valued at $907,874,317.54. The trade was a 0.03% decrease in their position. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is accessible through this link. Also, CEO Ken Xie sold 158,485 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $86.51, for a total transaction of $13,710,537.35. Following the sale, the chief executive officer directly owned 51,391,879 shares of the company's stock, valued at $4,445,911,452.29. The trade was a 0.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is owned by insiders. </p><h2>Analyst Ratings Changes</h2><ul><li>3 Cybersecurity Stocks to Watch Ahead of 2026 Midterms</li></ul><p>A number of research firms have recently commented on FTNT. UBS Group cut their target price on Fortinet from $90.00 to $80.00 and set a &#34;neutral&#34; rating on the stock in a research note on Thursday, November 6th. Hsbc Global Res cut Fortinet from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Friday, November 7th. Royal Bank Of Canada cut their price objective on Fortinet from $95.00 to $85.00 and set a &#34;sector perform&#34; rating on the stock in a research report on Thursday, November 6th. JPMorgan Chase &amp; Co. decreased their target price on Fortinet from $87.00 to $85.00 and set a &#34;neutral&#34; rating for the company in a research report on Thursday, November 6th. Finally, Daiwa Capital Markets cut shares of Fortinet from an &#34;outperform&#34; rating to a &#34;neutral&#34; rating and set a $86.00 price target on the stock. in a report on Wednesday, November 12th. One investment analyst  has rated the stock with a Strong Buy rating, five have assigned  a Buy rating, twenty-eight have given a Hold rating and two have issued  a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of &#34;Hold&#34; and a consensus price target of $90.37.</p><p><b>Get Our Latest Stock Report on Fortinet</b></p><h2>About Fortinet</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>Read More</h2><ul><li>Five stocks we like better than Fortinet</li><li>How to Start Investing in Real Estate</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li><li>What is a Secondary Public Offering? What Investors Need to Know</li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>Top Stocks Investing in 5G Technology</li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</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 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>Capital Impact Advisors LLC purchased 95,253 shares of Fortinet, Inc. (NASDAQ:FTNT) during the second quarter, valued at approximately $10,070,000. Fortinet now constitutes 3.0% of Capital Impact Advisors' portfolio. Other institutional investors like Vanguard, State Street, and Geode Capital also increased their stakes in Fortinet. The stock is currently trading at $82.22. Fortinet reported strong quarterly earnings, with $0.74 EPS and $1.72 billion in revenue. Insider trading activity included sales by VP Michael Xie and CEO Ken Xie. Analysts have mixed ratings on the stock.</p>

95,253 Shares in Fortinet, Inc. $FTNT Purchased by Capital Impact Advisors LLC