Fortinet, Inc. $FTNT Shares Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG increased its stake in Fortinet, Inc. (NASDAQ:FTNT) by 64.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,390 shares of the software maker’s stock after purchasing an additional 35,415 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Fortinet were worth $7,600,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allstate Corp acquired a new position in shares of Fortinet during the 3rd quarter valued at $2,034,000. Asset Management One Co. Ltd. lifted its holdings in shares of Fortinet by 4.7% in the third quarter. Asset Management One Co. Ltd. now owns 402,278 shares of the software maker’s stock valued at $33,824,000 after buying an additional 17,892 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Fortinet by 465.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 756,651 shares of the software maker’s stock valued at $64,255,000 after buying an additional 622,809 shares in the last quarter. Machina Capital S.A.S. bought a new position in Fortinet during the third quarter valued at about $1,177,000. Finally, Penserra Capital Management LLC grew its holdings in Fortinet by 22.3% during the third quarter. Penserra Capital Management LLC now owns 1,356,122 shares of the software maker’s stock worth $114,021,000 after acquiring an additional 246,844 shares during the period. Institutional investors own 83.71% of the company’s stock.

Fortinet Stock Down 0.9%

Shares of NASDAQ:FTNT opened at $83.67 on Monday. The firm has a 50 day simple moving average of $80.23 and a 200 day simple moving average of $81.51. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $109.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. The company has a market cap of $61.91 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 2.89 and a beta of 1.05.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. Fortinet’s revenue for the quarter 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 expect that Fortinet, Inc. will post 2.09 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Ken Xie sold 175,737 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 $14,308,506.54. Following the completion of 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 document filed with the SEC, which is accessible through this link. Also, VP Michael Xie sold 343,106 shares of the firm’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 $27,935,690.52. Following the transaction, the vice president owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. This trade represents a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 17.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on FTNT. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $90.00 price target (up from $85.00) on shares of Fortinet in a research report on Friday, February 6th. Morgan Stanley reaffirmed an “underweight” rating and issued a $70.00 price objective (up from $66.00) on shares of Fortinet in a research note on Thursday, December 18th. Oppenheimer reiterated a “market perform” rating on shares of Fortinet in a report on Friday, January 23rd. BMO Capital Markets increased their target price on shares of Fortinet from $90.00 to $95.00 and gave the company a “market perform” rating in a research note on Monday, February 9th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $87.00 target price on shares of Fortinet in a report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-two have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $88.62.

Fortinet Company 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.