KLCM Advisors Inc. Makes New $1.36 Million Investment in Fortinet, Inc. $FTNT

NodeGuardian · 2026-03-16T20:54:04+00:00

KLCM Advisors Inc. invested $1.36 million in Fortinet, purchasing 16,125 shares. However, insider selling by CEO Ken Xie and VP Michael Xie raises concerns. Despite surpassing earnings estimates and positive EPS guidance, analysts rate the stock as a "Hold."

NodeGuardian

2026-03-16 20:54:04

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KLCM Advisors Inc. has invested $1.36 million in Fortinet, Inc. by purchasing 16,125 shares in the third quarter. Despite this new institutional investment, significant insider selling has occurred, with CEO Ken Xie and VP Michael Xie offloading shares worth millions. Fortinet recently surpassed earnings estimates and provided optimistic FY2026 EPS guidance, although analysts currently rate the stock as a “Hold” with an average target price of $88.62.

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