2Xideas AG Has $42.44 Million Holdings in Fortinet, Inc. $FTNT

2Xideas AG grew its stake in Fortinet, Inc. (NASDAQ:FTNT) by 4.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 504,805 shares of the software maker’s stock after purchasing an additional 19,592 shares during the period. Fortinet comprises approximately 9.0% of 2Xideas AG’s investment portfolio, making the stock its 3rd largest position. 2Xideas AG owned 0.07% of Fortinet worth $42,444,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management bought a new position in shares of Fortinet in the 2nd quarter valued at $25,000. Financial Consulate Inc. acquired a new position in shares of Fortinet in the third quarter valued at approximately $25,000. Steigerwald Gordon & Koch Inc. bought a new position in Fortinet in the 3rd quarter valued at approximately $25,000. Pinnacle Holdings LLC acquired a new stake in Fortinet during the 3rd quarter worth approximately $25,000. Finally, Ameriflex Group Inc. bought a new stake in Fortinet during the 3rd quarter worth approximately $25,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Fortinet Stock Performance

NASDAQ FTNT opened at $83.44 on Friday. The company has a market cap of $61.74 billion, a P/E ratio of 34.34, a PEG ratio of 2.92 and a beta of 1.05. The company has a fifty day simple moving average of $80.66 and a 200 day simple moving average of $81.66. 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 12-month low of $70.12 and a 12-month high of $109.33.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 27.26% and a return on equity of 124.21%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last 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. Sell-side analysts predict that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Fortinet News Summary

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet unveiled FortiOS 8.0 with AI‑aware controls, quantum‑safe cryptography and sovereign SASE options, a product push that supports upsell into SecOps, SASE and AI security—positive for revenue mix and differentiation. Fortinet FortiOS 8.0 Targets AI Security And Quantum Ready Growth
• Positive Sentiment: Channel momentum highlighted as Liquid Networx won two Fortinet partner awards (Engage Preferred Services Partner and Unified SASE Partner of the Year), underscoring partner execution and potential services growth. Liquid Networx Wins Two Partner of the Year Awards at Fortinet Accelerate 2026
• Neutral Sentiment: Analyst commentary pieces provide context but no consensus upgrade — coverage includes broad insights on Fortinet alongside peers, offering mixed takeaways for investors. Analysts Offer Insights on Technology Companies: Fortinet (FTNT) and Atlassian (TEAM)
• Neutral Sentiment: Intraday swings were notable — the shares traded up in some sessions before closing lower, reflecting short‑term profit taking and rotation within the software/security group. Fortinet (FTNT) Advances While Market Declines: Some Information for Investors
• Negative Sentiment: Barclays moved coverage to a Hold, and Wells Fargo maintained a Sell—mixed-to‑negative analyst positioning is pressuring sentiment and can limit near‑term upside. Fortinet (FTNT) Gets a Hold from Barclays Wells Fargo Keeps Their Sell Rating on Fortinet (FTNT)
• Negative Sentiment: News roundups note that Fortinet fell more than the broader market in recent sessions—coverage points to analyst pressure and sector rotation as reasons for the pullback. Here’s Why Fortinet (FTNT) Fell More Than Broader Market

Insider Buying and Selling

In related news, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the transaction, the vice president owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 value of $14,308,506.54. Following the sale, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at $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 owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FTNT shares. Citigroup restated a “neutral” rating and issued a $90.00 price target (up from $85.00) on shares of Fortinet in a research report on Monday, February 9th. Barclays set a $88.00 price objective on shares of Fortinet in a research note on Tuesday, February 3rd. Piper Sandler restated a “neutral” rating and issued a $90.00 price objective (up from $85.00) on shares of Fortinet in a report on Monday, January 5th. JPMorgan Chase & Co. raised their target price on Fortinet from $72.00 to $73.00 and gave the stock an “underweight” rating in a research report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fortinet in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-two have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Fortinet currently has an average rating of “Hold” and an average price target of $88.62.

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.