Aberdeen Group plc Has $37.04 Million Stake in Fortinet, Inc. $FTNT

Aberdeen Group plc trimmed its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 466,440 shares of the software maker’s stock after selling 14,074 shares during the period. Aberdeen Group plc owned 0.06% of Fortinet worth $37,040,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FTNT. Financial Consulate Inc. purchased a new stake in Fortinet in the 3rd quarter worth about $25,000. Steigerwald Gordon & Koch Inc. acquired a new stake in Fortinet during the 3rd quarter worth about $25,000. Pinnacle Holdings LLC purchased a new position in Fortinet during the 3rd quarter valued at about $25,000. Ameriflex Group Inc. acquired a new position in shares of Fortinet in the 3rd quarter valued at about $25,000. Finally, Wexford Capital LP acquired a new position in shares of Fortinet in the 3rd quarter valued at about $25,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fortinet news, 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 transaction of $27,935,690.52. Following the transaction, the vice president directly owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ken Xie sold 175,737 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 $14,308,506.54. Following the transaction, the chief executive officer owned 51,396,385 shares in the company, valued at approximately $4,184,693,666.70. This trade represents a 0.34% 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.

Fortinet Stock Performance

NASDAQ:FTNT opened at $82.53 on Friday. The company has a market capitalization of $61.07 billion, a P/E ratio of 33.96, a P/E/G ratio of 2.85 and a beta of 1.00. The stock’s 50 day moving average price is $81.83 and its 200 day moving average price is $81.95. 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 $109.33.

Fortinet (NASDAQ:FTNT) last posted its earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $1.91 billion during 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%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous 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. On average, research analysts forecast that Fortinet, Inc. will post 2.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FTNT has been the subject of several research reports. UBS Group restated a “neutral” rating and set a $90.00 price target on shares of Fortinet in a report on Friday, February 6th. Citigroup reiterated a “neutral” rating and issued a $90.00 price objective (up from $85.00) on shares of Fortinet in a research note on Monday, February 9th. Truist Financial set a $88.00 target price on shares of Fortinet in a research note on Tuesday, January 20th. Robert W. Baird set a $90.00 price target on shares of Fortinet in a report on Friday, February 6th. Finally, Jefferies Financial Group set a $90.00 price target on shares of Fortinet in a research note on Friday, February 6th. Five research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.84.

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.