Savant Capital LLC Sells 43,768 Shares of Fortinet, Inc. $FTNT

Savant Capital LLC reduced its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 51.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,768 shares of the software maker’s stock after selling 43,768 shares during the quarter. Savant Capital LLC’s holdings in Fortinet were worth $3,512,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Fortinet by 6.8% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,305,352 shares of the software maker’s stock worth $137,800,000 after purchasing an additional 82,937 shares in the last quarter. Allstate Corp acquired a new stake in Fortinet during the third quarter worth about $2,034,000. Asset Management One Co. Ltd. increased its holdings in Fortinet by 4.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 402,278 shares of the software maker’s stock valued at $33,824,000 after buying an additional 17,892 shares during the period. Warther Private Wealth LLC raised its position in shares of Fortinet by 39.7% in the 2nd quarter. Warther Private Wealth LLC now owns 182,160 shares of the software maker’s stock valued at $19,258,000 after buying an additional 51,750 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Fortinet by 465.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 756,651 shares of the software maker’s stock worth $64,255,000 after acquiring an additional 622,809 shares during the period. Institutional investors own 83.71% of the company’s stock.

Fortinet Stock Performance

Shares of FTNT opened at $82.76 on Friday. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $114.82. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.68. The firm’s fifty day simple moving average is $80.37 and its two-hundred day simple moving average is $82.88. The stock has a market capitalization of $61.54 billion, a P/E ratio of 34.06, a price-to-earnings-growth ratio of 2.73 and a beta of 1.06.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a return on equity of 117.39% and a net margin of 27.26%.The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 earnings per share. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. As a group, analysts predict that Fortinet, Inc. will post 2.09 EPS for the current year.

Key Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Q4 beat and raised full‑year guidance — Fortinet reported Q4 revenue of $1.91B and EPS of $0.81 (above estimates) and issued FY‑2026 EPS guidance ahead of consensus; management highlighted strong enterprise demand. Read More.
• Positive Sentiment: Billings, product growth and Unified SASE strength — Billings rose ~18% (Unified SASE billings up ~40%) and product revenue grew double digits, underpinning revenue momentum. Read More.
• Positive Sentiment: Buyback expanded — company increased its buyback program by $1B to roughly $10.25B through Feb 2027, a shareholder‑friendly move that supports the stock. Read More.
• Positive Sentiment: Some bullish analyst action — Rosenblatt raised its target to $105 (buy), and Wedbush reaffirmed an outperform with a $90 target, giving upside voices amid mixed comments. Read More. • Read More.
• Neutral Sentiment: Primary disclosures and management commentary — full earnings call transcript and presentation are available for deeper read on cloud/SASE strategy and guidance detail. Read More. • Read More.
• Negative Sentiment: Analyst caution still present — JPMorgan and Mizuho raised price targets slightly but kept underweight/outperform/underperform stances that imply limited near‑term upside from some shops; Jefferies also remains cautious on 2026. Read More. • Read More. • Read More.
• Negative Sentiment: Insider selling — filings show large sales by the CEO and a VP, which may raise short‑term governance/flow concerns for some investors. Read More. • Read More.
• Neutral Sentiment: Street positioning mixed — some firms (Robert W. Baird, others) keep holds or reiterate neutral stances citing product strength offset by services slowdown or limited near‑term upside. Read More.

Insider Transactions at Fortinet

In other Fortinet news, VP Michael Xie sold 343,106 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president owned 10,210,282 shares of the company’s stock, valued at approximately $831,321,160.44. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $14,308,506.54. Following the transaction, the chief executive officer directly owned 51,396,385 shares in the company, valued at $4,184,693,666.70. The trade was a 0.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FTNT. Morgan Stanley reissued an “underweight” rating and issued a $70.00 price objective (up from $66.00) on shares of Fortinet in a research note on Thursday, December 18th. Truist Financial set a $88.00 price target on Fortinet in a research note on Tuesday, January 20th. Scotiabank cut Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price target for the company. in a report on Monday. Citigroup reaffirmed a “neutral” rating and issued a $85.00 price objective (up from $83.00) on shares of Fortinet in a research note on Monday, January 12th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Fortinet in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $89.46.

Fortinet 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.