13,996 Shares in Fortinet, Inc. $FTNT Bought by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new position in Fortinet, Inc. (NASDAQ:FTNT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,996 shares of the software maker’s stock, valued at approximately $1,177,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. LSV Asset Management acquired a new stake in Fortinet during the second quarter worth about $25,000. Financial Consulate Inc. acquired a new stake in shares of Fortinet during the 3rd quarter worth approximately $25,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Fortinet in the 3rd quarter worth approximately $25,000. SJS Investment Consulting Inc. boosted its position in Fortinet by 1,556.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 381 shares of the software maker’s stock valued at $32,000 after purchasing an additional 358 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in Fortinet by 41.4% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 355 shares of the software maker’s stock worth $38,000 after buying an additional 104 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

Fortinet Stock Up 2.3%

Fortinet stock opened at $81.12 on Thursday. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $114.82. The stock has a market cap of $60.32 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 2.74 and a beta of 1.06. The company’s 50-day moving average price is $80.37 and its two-hundred day moving average price is $83.08. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.68.

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

More Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Analysts are broadly constructive ahead of Q4 — previews note potential upside vs. consensus driven by recurring revenue strength and AI/data‑center deal momentum, supporting hopes for an earnings beat. Fortinet Q4 2025 earnings preview
• Positive Sentiment: Jefferies expects a modest Q4 beat (which can lift sentiment near-term) even as it stays cautious on FY‑2026 — near-term beat expectations are a bullish catalyst into results. Jefferies Q4 preview
• Positive Sentiment: Rosenblatt and other coverage point to tax incentives and improved sales execution as possible Q4 upside drivers — any upside surprise could re‑rate the shares. Rosenblatt Q4 upside
• Neutral Sentiment: Zacks and Benzinga previews compile guidance/expectations (revenue guidance bands and EPS setup); useful positioning but not an immediate catalyst until Fortinet posts results and forward guidance. Zacks Q4 preview Benzinga preview
• Negative Sentiment: Insider selling: CEO Ken Xie sold 175,737 shares (~$14.3M) and VP Michael Xie sold 343,106 shares (~$27.9M) on Feb. 2 — large insider sales often weigh on sentiment even though insiders still hold sizable stakes. InsiderTrades: Ken Xie sale Michael Xie SEC filing
• Negative Sentiment: Analyst downgrades (including Scotiabank and some firms reassessing 2026 growth) have pressured the stock as investors mark down forward growth expectations. Analyst downgrades Scotiabank downgrade

Insider Buying and Selling at Fortinet

In other news, VP Michael Xie sold 343,106 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $27,935,690.52. Following the sale, the vice president owned 10,210,282 shares of the company’s stock, valued at approximately $831,321,160.44. The trade was a 3.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $14,308,506.54. Following the completion of the sale, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. This trade represents a 0.34% decrease in their position. The SEC filing for this sale provides additional information. 17.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FTNT has been the topic of a number of recent research reports. Oppenheimer reiterated a “market perform” rating on shares of Fortinet in a research note on Friday, January 23rd. Scotiabank cut shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective on the stock. in a report on Monday. UBS Group cut their price objective on shares of Fortinet from $90.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Piper Sandler restated a “neutral” rating and issued a $90.00 target price (up previously from $85.00) on shares of Fortinet in a research report on Monday, January 5th. Finally, Citigroup restated a “neutral” rating and issued a $85.00 price target (up previously from $83.00) on shares of Fortinet in a research note on Monday, January 12th. One equities research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $90.48.

About Fortinet

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.