American Century Companies Inc. Has $58.09 Million Position in Fortinet, Inc. $FTNT

American Century Companies Inc. trimmed its position in Fortinet, Inc. (NASDAQ:FTNT) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 690,924 shares of the software maker’s stock after selling 53,033 shares during the quarter. American Century Companies Inc. owned approximately 0.09% of Fortinet worth $58,093,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FTNT. Brighton Jones LLC raised its stake 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 buying an additional 221 shares during the period. Bison Wealth LLC bought a new stake in Fortinet in the 4th quarter valued at $585,000. Sigma Planning Corp raised its stake in Fortinet by 9.1% in the 2nd quarter. Sigma Planning Corp now owns 7,883 shares of the software maker’s stock valued at $833,000 after acquiring an additional 655 shares during the period. Huntington National Bank lifted its holdings in Fortinet by 0.7% during the 2nd quarter. Huntington National Bank now owns 16,596 shares of the software maker’s stock valued at $1,755,000 after purchasing an additional 112 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its position in Fortinet by 3.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 3,391 shares of the software maker’s stock worth $358,000 after purchasing an additional 108 shares during the period. Institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FTNT. Jefferies Financial Group set a $90.00 price objective on shares of Fortinet in a research report on Friday, February 6th. TD Cowen raised shares of Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Friday, January 23rd. Mizuho boosted their price objective on Fortinet from $72.00 to $74.00 and gave the stock an “underperform” rating in a report on Friday, February 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $90.00 target price (up from $85.00) on shares of Fortinet in a research report on Friday, February 6th. Finally, Citigroup reissued a “neutral” rating and set a $90.00 price target (up from $85.00) on shares of Fortinet in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-two have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $88.62.

Fortinet Stock Performance

NASDAQ FTNT opened at $84.42 on Friday. The firm’s 50 day simple moving average is $80.19 and its 200 day simple moving average is $81.46. The firm has a market capitalization of $62.46 billion, a price-to-earnings ratio of 34.74, a P/E/G ratio of 2.86 and a beta of 1.05. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $109.33.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $0.74 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. 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, research analysts expect that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Michael Xie sold 343,106 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $27,935,690.52. Following the sale, the vice president directly owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ken Xie sold 175,737 shares of Fortinet stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the sale, the chief executive officer directly owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This trade represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 17.20% of the company’s stock.

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.