Fortinet, Inc. $FTNT Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC boosted its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 22.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,356,122 shares of the software maker’s stock after buying an additional 246,844 shares during the quarter. Fortinet makes up approximately 1.4% of Penserra Capital Management LLC’s portfolio, making the stock its 8th biggest position. Penserra Capital Management LLC owned 0.18% of Fortinet worth $114,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in Fortinet by 2.2% in the fourth quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock valued at $976,000 after acquiring an additional 221 shares during the last quarter. Bison Wealth LLC bought a new position in Fortinet during the 4th quarter worth approximately $585,000. Truist Financial Corp lifted its position in shares of Fortinet by 6.2% in the 2nd quarter. Truist Financial Corp now owns 44,567 shares of the software maker’s stock worth $4,712,000 after purchasing an additional 2,596 shares during the period. PFG Investments LLC bought a new stake in shares of Fortinet in the 2nd quarter valued at $222,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Fortinet during the second quarter worth $143,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Stock Performance

Shares of Fortinet stock opened at $79.30 on Wednesday. The business has a 50-day simple moving average of $80.36 and a 200 day simple moving average of $83.09. 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 current ratio of 1.03 and a quick ratio of 0.94. The firm has a market capitalization of $58.97 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.83 and a beta of 1.06.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. Fortinet had a return on equity of 118.27% and a net margin of 28.58%.The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the firm posted $0.63 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, research analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Key Stories Impacting Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Rosenblatt flagged potential Q4 upside from tax incentives and improved sales execution, suggesting earnings could beat expectations and provide support. Rosenblatt Q4 Upside
• Positive Sentiment: Market coverage noting Fortinet’s upgrade and resilient ARR growth as signs that the cybersecurity group may be finding support ahead of earnings — a constructive signal for investors focused on recurring revenue and AI-related deals. MarketBeat: CrowdStrike & Fortinet Context
• Neutral Sentiment: Zacks previews Q4 and highlights expected revenue guidance of $1.825–$1.885B and steady EPS, noting AI data-center deals could shape results — useful context but not a direct catalyst until results/guidance are confirmed. Zacks Q4 Preview
• Neutral Sentiment: Another Zacks piece compiles Wall Street estimates for key metrics ahead of the quarter — important for positioning but not an immediate price driver. Zacks Estimates
• Neutral Sentiment: The published short-interest data is effectively zero/ambiguous and does not appear to be a meaningful near-term pressure point. (No actionable short squeeze signal.)
• Negative Sentiment: Insider selling: VP Michael Xie sold 343,106 shares (~$27.9M at ~$81.42) and CEO Ken Xie sold 175,737 shares (~$14.3M), reducing their holdings modestly — large insider sales often weigh on sentiment even when insiders retain sizeable positions. Michael Xie SEC Filing Ken Xie SEC Filing
• Negative Sentiment: Analyst downgrades and reassessments of 2026 growth (including a Scotiabank downgrade) have pressured shares as investors mark down forward growth expectations; coverage notes led to a near-term slip in the stock. Scotiabank Downgrade Analyst Reassessment
• Negative Sentiment: Market write-ups (e.g., Seeking Alpha) note the stock slipped after the Scotiabank downgrade, reflecting immediate market reaction to the weaker outlook. Seeking Alpha: Slip After Downgrade

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Hsbc Global Res lowered shares of Fortinet from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Robert W. Baird lowered their price objective on Fortinet from $90.00 to $86.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. UBS Group cut their target price on Fortinet from $90.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Jefferies Financial Group reaffirmed a “hold” rating and set a $80.00 target price on shares of Fortinet in a research note on Friday. Finally, Scotiabank lowered Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price target on the stock. in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $90.48.

Insider Buying and Selling at Fortinet

In other Fortinet news, VP Michael Xie sold 343,106 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the completion of the sale, the vice president owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. The trade was a 3.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the transaction, the chief executive officer owned 51,396,385 shares in the company, valued at approximately $4,184,693,666.70. The trade was a 0.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 18.00% of the company’s stock.

Fortinet Company Profile

Fortinet, Inc (NASDAQ: FTNT) is a multinational cybersecurity company that develops and delivers integrated security solutions for enterprise, service provider and government customers worldwide. Founded in 2000 and headquartered in Sunnyvale, California, the company was co‑founded by Ken Xie and Michael Xie. Ken Xie serves as chairman and chief executive officer, and the company operates through a global sales, channel and services organization to support customers across the Americas, EMEA and Asia‑Pacific.

Fortinet’s product portfolio centers on network security appliances and software, with its FortiGate next‑generation firewalls and the FortiOS operating system forming a core platform.