Achmea Investment Management B.V. Acquires 97,355 Shares of Fortinet, Inc. $FTNT

Achmea Investment Management B.V. lifted its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 16.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 682,711 shares of the software maker’s stock after buying an additional 97,355 shares during the period. Fortinet comprises about 0.7% of Achmea Investment Management B.V.’s portfolio, making the stock its 24th biggest holding. Achmea Investment Management B.V. owned about 0.09% of Fortinet worth $57,402,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FTNT. LSV Asset Management acquired a new stake in shares of Fortinet in the 2nd quarter valued at approximately $25,000. Financial Consulate Inc. acquired a new position in Fortinet during the 3rd quarter worth approximately $25,000. Steigerwald Gordon & Koch Inc. bought a new position in Fortinet in the 3rd quarter valued at approximately $25,000. Pinnacle Holdings LLC bought a new position in Fortinet in the 3rd quarter valued at approximately $25,000. Finally, Ameriflex Group Inc. acquired a new stake in Fortinet in the third quarter valued at approximately $25,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Fortinet Stock Down 1.6%

Shares of NASDAQ:FTNT opened at $83.16 on Wednesday. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $109.33. The business has a fifty day moving average price of $80.89 and a two-hundred day moving average price of $81.78. The company has a market capitalization of $61.53 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 2.92 and a beta of 1.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. Fortinet’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Analysts forecast that Fortinet, Inc. will post 2.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FTNT has been the subject of several research analyst reports. Wedbush reiterated an “outperform” rating and set a $90.00 price target on shares of Fortinet in a report on Friday, February 6th. Oppenheimer reissued a “market perform” rating on shares of Fortinet in a report on Friday, January 23rd. Barclays set a $88.00 price objective on Fortinet in a research report on Tuesday, February 3rd. Jefferies Financial Group set a $90.00 target price on Fortinet in a research report on Friday, February 6th. Finally, Rosenblatt Securities lifted their price target on Fortinet from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $88.62.

Insider Activity at Fortinet

In related news, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction that occurred 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. The trade was a 3.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ken Xie sold 175,737 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $14,308,506.54. Following the sale, the chief executive officer 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 18.00% of the company’s stock.

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.