Andra AP fonden Grows Position in Fortinet, Inc. $FTNT

Andra AP fonden increased its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 431,120 shares of the software maker’s stock after purchasing an additional 12,500 shares during the period. Andra AP fonden owned 0.06% of Fortinet worth $36,249,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GPS Wealth Strategies Group LLC lifted its stake in shares of Fortinet by 3.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 3,391 shares of the software maker’s stock worth $358,000 after acquiring an additional 108 shares during the period. Huntington National Bank boosted its stake in shares of Fortinet by 0.7% during the second quarter. Huntington National Bank now owns 16,596 shares of the software maker’s stock valued at $1,755,000 after acquiring an additional 112 shares during the last quarter. L2 Asset Management LLC grew its stake in Fortinet by 5.1% in the 2nd quarter. L2 Asset Management LLC now owns 2,847 shares of the software maker’s stock worth $301,000 after acquiring an additional 137 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Fortinet by 40.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 481 shares of the software maker’s stock valued at $40,000 after acquiring an additional 139 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of 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 worth $149,000 after buying an additional 144 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction 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 $831,321,160.44. This represents a 3.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ken Xie sold 175,737 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $14,308,506.54. Following the transaction, the chief executive officer owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This represents a 0.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 17.20% of the company’s stock.

Fortinet Stock Up 2.4%

FTNT stock opened at $79.20 on Friday. The firm has a market cap of $58.90 billion, a PE ratio of 32.59, a PEG ratio of 2.67 and a beta of 1.06. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $111.31. The company has a fifty day simple moving average of $80.17 and a 200 day simple moving average of $81.33. 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 earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 124.21% and a net margin of 27.26%.The business’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company 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 anticipate that Fortinet, Inc. will post 2.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FTNT. TD Cowen upgraded Fortinet from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Friday, January 23rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 price target on shares of Fortinet in a report on Monday, November 24th. Rosenblatt Securities upped their target price on Fortinet from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 6th. Jefferies Financial Group set a $90.00 target price on shares of Fortinet 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 research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $89.42.

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.