Fortinet, Inc. $FTNT Shares Sold by CCLA Investment Management

CCLA Investment Management trimmed its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 15.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,253,998 shares of the software maker’s stock after selling 232,660 shares during the quarter. CCLA Investment Management owned 0.17% of Fortinet worth $99,554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FTNT. Financial Consulate Inc. acquired a new position in shares of Fortinet during the third quarter worth about $25,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Fortinet during the third quarter worth about $25,000. Pinnacle Holdings LLC acquired a new position in shares of Fortinet during the third quarter worth about $25,000. Ameriflex Group Inc. acquired a new position in shares of Fortinet during the third quarter worth about $25,000. Finally, Wexford Capital LP acquired a new position in Fortinet during the third quarter worth $25,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FTNT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Fortinet from $72.00 to $73.00 and gave the stock an “underweight” rating in a report on Friday, February 6th. TD Cowen raised Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Friday, January 23rd. Rosenblatt Securities upped their price objective on Fortinet from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Stifel Nicolaus set a $85.00 price objective on Fortinet in a report on Wednesday, March 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fortinet in a report on Friday, March 27th. Five research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $87.84.

Insider Buying and Selling at Fortinet

In other Fortinet news, CEO Ken Xie sold 175,737 shares of the company’s 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 of the company’s stock, valued at approximately $4,184,693,666.70. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael Xie sold 343,106 shares of the stock in a transaction that occurred 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 sale, the vice president owned 10,210,282 shares in the company, valued at $831,321,160.44. This represents a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is currently owned by corporate insiders.

Fortinet Trading Down 0.3%

Shares of FTNT opened at $83.51 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $61.79 billion, a P/E ratio of 34.37, a PEG ratio of 2.85 and a beta of 1.00. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $109.33. The firm’s 50-day moving average is $81.88 and its two-hundred day moving average is $81.98.

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%.Fortinet’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior 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 predict that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

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.