BDF Gestion Makes New $2.55 Million Investment in Fortinet, Inc. $FTNT

BDF Gestion acquired a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 32,100 shares of the software maker’s stock, valued at approximately $2,549,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its position in Fortinet by 2.2% in the fourth quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock worth $976,000 after purchasing an additional 221 shares during the last quarter. Bison Wealth LLC bought a new position in Fortinet during the fourth quarter valued at $585,000. AlphaCore Capital LLC purchased a new position in shares of Fortinet in the 2nd quarter worth $87,000. Charles Schwab Investment Management Inc. grew its stake in shares of Fortinet by 2.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,241,506 shares of the software maker’s stock worth $448,412,000 after buying an additional 89,909 shares in the last quarter. Finally, Cynosure Group LLC increased its holdings in shares of Fortinet by 26.3% in the 2nd quarter. Cynosure Group LLC now owns 4,585 shares of the software maker’s stock worth $485,000 after buying an additional 954 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

Insider Activity at Fortinet

In other news, CEO Ken Xie sold 175,737 shares of the 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 sale, the chief executive officer directly owned 51,396,385 shares in the company, valued at approximately $4,184,693,666.70. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the vice president directly owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. This represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 18.00% of the company’s stock.

Analyst Upgrades and Downgrades

FTNT has been the topic of several recent research reports. Wells Fargo & Company started coverage on shares of Fortinet in a research report on Tuesday, March 3rd. They set an “underweight” rating and a $64.00 target price on the stock. Barclays set a $88.00 price objective on Fortinet in a research note on Tuesday, February 3rd. Stifel Nicolaus set a $85.00 price objective on Fortinet in a research report on Wednesday, March 11th. Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 price objective (up from $85.00) on shares of Fortinet in a research note on Monday, January 5th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $90.00 target price (up from $85.00) on shares of Fortinet in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.62.

Fortinet Price Performance

FTNT stock opened at $82.77 on Tuesday. The stock has a market cap of $61.24 billion, a PE ratio of 34.06, a P/E/G ratio of 2.81 and a beta of 1.05. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $109.33. The company has a 50-day moving average price of $81.18 and a 200 day moving average price of $81.93. 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 (NASDAQ:FTNT) last posted its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The company 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 firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 EPS. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Equities research analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current year.

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.