Baader Bank Aktiengesellschaft Sells 47,727 Shares of Fortinet, Inc. $FTNT

Baader Bank Aktiengesellschaft lowered its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 91.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,662 shares of the software maker’s stock after selling 47,727 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Fortinet were worth $375,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Fortinet during the 2nd quarter valued at $1,640,900,000. Vanguard Group Inc. grew its position in shares of Fortinet by 1.4% in the second quarter. Vanguard Group Inc. now owns 72,686,920 shares of the software maker’s stock valued at $7,684,461,000 after purchasing an additional 1,024,516 shares in the last quarter. State Street Corp grew its position in shares of Fortinet by 3.0% in the second quarter. State Street Corp now owns 29,183,161 shares of the software maker’s stock valued at $3,085,244,000 after purchasing an additional 862,468 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Fortinet by 5.2% during the 2nd quarter. Geode Capital Management LLC now owns 16,916,974 shares of the software maker’s stock valued at $1,783,091,000 after purchasing an additional 828,569 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Fortinet by 213.0% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,158,646 shares of the software maker’s stock worth $122,492,000 after purchasing an additional 788,436 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fortinet

In other news, VP Michael Xie sold 343,106 shares of the company’s stock in a transaction 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 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 represents a 3.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ken Xie sold 175,737 shares of the stock in a transaction 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 transaction, 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 position. The disclosure for this sale is available in the SEC filing. 17.20% of the stock is owned by corporate insiders.

Fortinet Stock Down 4.1%

Shares of NASDAQ:FTNT opened at $84.26 on Friday. The firm has a market capitalization of $62.66 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 3.03 and a beta of 1.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $114.82. The firm has a fifty day moving average of $80.59 and a 200 day moving average of $82.35.

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, topping the consensus estimate of $0.74 by $0.07. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue was up 14.8% compared to the same quarter last year. 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 anticipate that Fortinet, Inc. will post 2.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Fortinet in a research report on Monday, December 29th. Citigroup reaffirmed a “neutral” rating and set a $90.00 price objective (up previously from $85.00) on shares of Fortinet in a research note on Monday. Mizuho increased their target price on shares of Fortinet from $72.00 to $74.00 and gave the stock an “underperform” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. raised their price target on shares of Fortinet from $72.00 to $73.00 and gave the company an “underweight” rating in a report on Friday, February 6th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $87.00 price target on shares of Fortinet in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have given 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 $89.07.

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.