Bessemer Group Inc. Purchases 490,108 Shares of Fortinet, Inc. $FTNT

Bessemer Group Inc. lifted its position in Fortinet, Inc. (NASDAQ:FTNT) by 15.6% in the first quarter, HoldingsChannel.com reports. The firm owned 3,631,740 shares of the software maker’s stock after acquiring an additional 490,108 shares during the period. Bessemer Group Inc.’s holdings in Fortinet were worth $296,786,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTNT. Wexford Capital LP bought a new stake in Fortinet in the 3rd quarter valued at $25,000. Physician Wealth Advisors Inc. raised its stake in shares of Fortinet by 408.3% in the 1st quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock valued at $25,000 after buying an additional 245 shares in the last quarter. Palisade Asset Management LLC bought a new position in shares of Fortinet during the 3rd quarter worth about $28,000. Elyxium Wealth LLC bought a new position in Fortinet during the fourth quarter worth about $27,000. Finally, Maseco LLP acquired a new position in Fortinet during the first quarter worth $29,000. 83.71% of the stock is owned by institutional investors.

Fortinet News Roundup

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet was upgraded by Zacks Research from hold to strong-buy, signaling stronger earnings optimism and a potentially more favorable near-term trading setup. Article Title
• Positive Sentiment: Several articles highlighted Fortinet as a beneficiary of rising cybersecurity demand, especially as AI infrastructure spending and global threat concerns keep security budgets elevated. Article Title
• Positive Sentiment: Coverage on Fortinet’s AI security initiatives, including the expansion of FortiEndpoint and broader AI cybersecurity positioning, is reinforcing the growth narrative around the stock. Article Title
• Positive Sentiment: Fortinet’s selection of TD SYNNEX as a global delivery/distribution partner adds another sign of expanding channel reach and customer access. Article Title
• Neutral Sentiment: MarketWatch noted that Fortinet has been outperforming peers despite weakness in the broader session, suggesting relative strength rather than a fresh fundamental catalyst. Article Title
• Neutral Sentiment: Some commentary compared Fortinet with peers like Palo Alto and Microsoft, but also raised valuation concerns after a strong multi-year run, which may cap upside if growth does not keep pace. Article Title

Insider Buying and Selling at Fortinet

In other Fortinet news, CEO Ken Xie sold 160,632 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $145.58, for a total value of $23,384,806.56. Following the completion of the transaction, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at approximately $7,711,717,915.76. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,907 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $146.44, for a total transaction of $572,141.08. Following the transaction, the vice president owned 9,923,610 shares in the company, valued at $1,453,213,448.40. The trade was a 0.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 318,387 shares of company stock worth $43,403,063. 17.60% of the stock is currently owned by corporate insiders.

Fortinet Price Performance

Fortinet stock opened at $160.78 on Friday. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $170.35. The firm has a market cap of $117.80 billion, a P/E ratio of 62.08, a P/E/G ratio of 4.47 and a beta of 1.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.15. The business’s fifty day moving average is $143.35 and its two-hundred day moving average is $103.39.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.20. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.58 earnings per share. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Equities research analysts forecast that Fortinet, Inc. will post 2.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on FTNT. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $100.00 price objective on shares of Fortinet in a report on Thursday, May 7th. HSBC cut shares of Fortinet from a “hold” rating to a “reduce” rating and set a $102.00 target price for the company. in a research report on Monday, June 29th. Robert W. Baird set a $115.00 price target on shares of Fortinet in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Finally, Arete Research set a $104.00 price objective on shares of Fortinet and gave the stock a “buy” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-three have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $113.97.

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.