Public Sector Pension Investment Board Acquires 10,645 Shares of Fortinet, Inc. $FTNT

Public Sector Pension Investment Board increased its stake in Fortinet, Inc. (NASDAQ:FTNT) by 18.3% during the third quarter, according to its most recent filing with the SEC. The fund owned 68,739 shares of the software maker’s stock after buying an additional 10,645 shares during the quarter. Public Sector Pension Investment Board’s holdings in Fortinet were worth $5,780,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. LSV Asset Management purchased a new position in Fortinet in the second quarter valued at about $25,000. Financial Consulate Inc. bought a new stake in shares of Fortinet in the 3rd quarter worth approximately $25,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Fortinet in the 3rd quarter worth approximately $25,000. SJS Investment Consulting Inc. lifted its stake in Fortinet by 1,556.5% in the third quarter. SJS Investment Consulting Inc. now owns 381 shares of the software maker’s stock valued at $32,000 after purchasing an additional 358 shares during the last quarter. Finally, Quaker Wealth Management LLC grew its holdings in Fortinet by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 363 shares of the software maker’s stock valued at $38,000 after purchasing an additional 726 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Fortinet Trading Down 1.2%

Fortinet stock opened at $80.69 on Thursday. 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 fifty-two week low of $70.12 and a fifty-two week high of $114.63. The stock has a market cap of $60.01 billion, a P/E ratio of 33.21, a PEG ratio of 2.82 and a beta of 1.06. The firm’s fifty day moving average price is $80.54 and its 200-day moving average price is $81.70.

Fortinet (NASDAQ:FTNT) last posted its earnings results on Thursday, February 5th. The software maker reported $0.81 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 business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the business earned $0.74 earnings per share. The firm’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. Equities research analysts forecast that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on FTNT shares. Citigroup restated a “neutral” rating and issued a $90.00 target price (up from $85.00) on shares of Fortinet in a research note on Monday, February 9th. Oppenheimer restated a “market perform” rating on shares of Fortinet in a research note on Friday, January 23rd. Robert W. Baird set a $90.00 target price on shares of Fortinet in a research note on Friday, February 6th. JPMorgan Chase & Co. boosted their price target on shares of Fortinet from $72.00 to $73.00 and gave the company an “underweight” rating in a research report on Friday, February 6th. Finally, Barclays set a $88.00 price objective on shares of Fortinet in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-two have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Fortinet presently has a consensus rating of “Hold” and an average target price of $89.42.

Insider Activity at Fortinet

In other news, CEO Ken Xie sold 175,737 shares of Fortinet 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 completion of the sale, the chief executive officer directly owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. The trade was a 0.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Michael Xie sold 343,106 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 value of $27,935,690.52. Following the completion of the transaction, the vice president directly owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. This represents a 3.25% decrease in their position. The SEC filing for this sale provides additional information. 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.