PFA Pension Forsikringsaktieselskab Takes $44.43 Million Position in Fortinet, Inc. $FTNT

PFA Pension Forsikringsaktieselskab bought a new stake in Fortinet, Inc. (NASDAQ:FTNT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 553,188 shares of the software maker’s stock, valued at approximately $44,427,000. PFA Pension Forsikringsaktieselskab owned 0.07% of Fortinet as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FTNT. Vanguard Group Inc. increased its stake in shares of Fortinet by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock valued at $6,354,874,000 after buying an additional 2,894,355 shares during the period. Van ECK Associates Corp increased its stake in shares of Fortinet by 62.1% in the 3rd quarter. Van ECK Associates Corp now owns 5,564,558 shares of the software maker’s stock valued at $467,868,000 after buying an additional 2,132,109 shares during the period. First Trust Advisors LP increased its stake in shares of Fortinet by 30.9% in the 3rd quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker’s stock valued at $636,962,000 after buying an additional 1,790,033 shares during the period. Invesco Ltd. increased its stake in shares of Fortinet by 17.0% in the 3rd quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock valued at $909,453,000 after buying an additional 1,568,337 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Fortinet by 23.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,160,348 shares of the software maker’s stock valued at $430,082,000 after buying an additional 969,899 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

Fortinet Stock Performance

Shares of Fortinet stock opened at $86.29 on Friday. The firm has a market cap of $63.17 billion, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 2.96 and a beta of 0.92. The stock’s 50-day moving average is $81.83 and its 200-day moving average is $81.73. Fortinet, Inc. has a one year low of $70.12 and a one year high of $109.33. 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 issued its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates 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%.The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Equities analysts predict that Fortinet, Inc. will post 2.63 earnings per share for the current fiscal year.

More Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Market momentum — FTNT outperformed peers on a strong trading day, signaling fresh buyer interest and short-term rotation into the stock. Fortinet Inc. stock outperforms competitors on strong trading day
• Positive Sentiment: Product/market positioning — Fortinet released its 2026 Global Threat Landscape Report highlighting a large surge in AI-enabled cybercrime and a 389% rise in ransomware victims, which supports longer-term demand for Fortinet’s FortiGuard/AI security products and reinforces leadership in threat intelligence. The Fortinet 2026 Global Threat Landscape Report Reveals a Surge in AI-Enabled Cybercrime
• Neutral Sentiment: Earnings watch — preview pieces from Yahoo/Zacks outline Wall Street forecasts and key metric expectations ahead of Fortinet’s Q1 results; investors are focused on billings, product vs. services mix and any guide changes. Upcoming results/guidance will likely be the next major catalyst. Countdown to Fortinet (FTNT) Q1 Earnings: Wall Street Forecasts for Key Metrics (Yahoo) Countdown to Fortinet Q1 Earnings (Zacks)
• Neutral Sentiment: Peer/sector signals — Check Point’s mixed quarter (EPS beat but revenue & billings miss) sent CHKP lower; investor reaction to peers’ execution can shift relative flows into FTNT if Fortinet posts cleaner top-line or billings metrics. Check Point Earnings Beat, But Revenue, Billings Miss (Yahoo)
• Negative Sentiment: Recent price weakness and selling signals — FTNT had a pullback on April 30 and some data sources note heavy insider sales and sizable institutional reductions (e.g., large UBS trimming), which could pressure sentiment if sustained. Fortinet (FTNT) Stock Dips While Market Gains: Key Facts QuiverQuant summary with insider/institutional activity

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FTNT shares. TD Cowen raised Fortinet from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Friday, January 23rd. Piper Sandler reaffirmed a “neutral” rating and set a $90.00 price objective (up from $85.00) on shares of Fortinet in a research note on Monday, January 5th. Jefferies Financial Group set a $90.00 price objective on Fortinet in a research note on Friday, February 6th. Robert W. Baird set a $90.00 target price on Fortinet in a report on Friday, February 6th. Finally, Truist Financial set a $88.00 target price on Fortinet in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-one have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $87.72.

Insider Transactions at Fortinet

In related news, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $27,935,690.52. Following the sale, the vice president owned 10,210,282 shares of the company’s stock, valued at approximately $831,321,160.44. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ken Xie sold 175,737 shares of Fortinet 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 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 position. The SEC filing for this sale provides additional information. 17.20% of the stock is currently owned by insiders.

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.