Fortinet, Inc. $FTNT Shares Purchased by Country Trust Bank

Country Trust Bank boosted its position in Fortinet, Inc. (NASDAQ:FTNT) by 11.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 312,573 shares of the software maker’s stock after purchasing an additional 31,603 shares during the quarter. Country Trust Bank’s holdings in Fortinet were worth $24,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in FTNT. Brighton Jones LLC raised its stake in Fortinet by 2.2% in the 4th quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock valued at $976,000 after purchasing an additional 221 shares during the last quarter. Bison Wealth LLC acquired a new position in Fortinet in the 4th quarter valued at about $585,000. Flow Traders U.S. LLC acquired a new position in Fortinet in the 2nd quarter valued at about $685,000. Cary Street Partners Investment Advisory LLC raised its stake in Fortinet by 11.4% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,410 shares of the software maker’s stock valued at $149,000 after purchasing an additional 144 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in Fortinet by 0.6% in the 2nd quarter. Cerity Partners LLC now owns 350,350 shares of the software maker’s stock valued at $37,039,000 after purchasing an additional 1,950 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wedbush reissued an “outperform” rating and issued a $90.00 target price on shares of Fortinet in a research note on Friday, February 6th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $83.00 price objective on shares of Fortinet in a research note on Friday, February 6th. Freedom Capital downgraded shares of Fortinet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Scotiabank downgraded shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective for the company. in a research note on Monday, February 2nd. Finally, Evercore set a $80.00 price objective on shares of Fortinet in a research note on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $87.84.

Insider Buying and Selling

In related news, CEO Ken Xie sold 175,737 shares of the 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 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 represents a 0.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael Xie sold 343,106 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 transaction of $27,935,690.52. Following the sale, the vice president directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is currently owned by corporate insiders.

Fortinet Trading Down 0.3%

NASDAQ FTNT opened at $82.29 on Tuesday. 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 of $81.81 and a 200-day moving average of $81.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09. The company has a market cap of $60.89 billion, a P/E ratio of 33.86, a P/E/G ratio of 2.85 and a beta of 1.00.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter 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. As a group, equities analysts predict 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.