Controlling magnetic anisotropy energy (MAE) in two-dimensional (2D) ferromagnetic materials is crucial for designing novel spintronic devices. Using first-principles calculations, we systematically investigate the magnetic properties of monolayer FeGeTe (F5GT) under two scenarios: (I) Co and Ni doping, and (II) compressive and tensile strains. Our results show that the F5GT monolayer exhibits a weak in-plane MAE, which can be significantly enhanced by Co doping. Additionally, a compressive strain switches the magnetic easy axis from in-plane to out-of-plane, while compressive strain can further enhance the out-of-plane MAE. Spin-orbit coupling (SOC) matrix analysis reveals that the enhancement of in-plane MAE in Co-doped F5GT (Co-F5GT) arises from changes in of Te and of Fe(2) and Fe(3). The effect of compressive strain is primarily attributed to a substantial increase in the positive contribution from of Fe(1).

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