61,444 Shares in Fortinet, Inc. $FTNT Bought by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac purchased a new position in Fortinet, Inc. (NASDAQ:FTNT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 61,444 shares of the software maker’s stock, valued at approximately $4,879,000.

Other institutional investors also recently bought and sold shares of the company. Expressive Wealth LLC bought a new stake in Fortinet in the fourth quarter worth $646,000. Trilogy Capital Inc. lifted its position in Fortinet by 46.8% in the fourth quarter. Trilogy Capital Inc. now owns 44,152 shares of the software maker’s stock worth $3,506,000 after buying an additional 14,076 shares during the last quarter. Machina Capital S.A.S. bought a new stake in Fortinet in the third quarter worth $1,177,000. Leonteq Securities AG bought a new stake in Fortinet in the fourth quarter worth $10,422,000. Finally, Victory Capital Management Inc. lifted its position in shares of Fortinet by 5.8% during the third quarter. Victory Capital Management Inc. now owns 1,651,683 shares of the software maker’s stock worth $138,874,000 after purchasing an additional 90,284 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on FTNT. DZ Bank downgraded Fortinet from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, May 19th. Truist Financial set a $120.00 target price on Fortinet and gave the stock a “buy” rating in a research report on Thursday, May 7th. Rosenblatt Securities lifted their target price on Fortinet from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Susquehanna lifted their target price on Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $107.00 target price (up from $90.00) on shares of Fortinet in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-four have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $102.69.

Fortinet Stock Up 1.4%

NASDAQ:FTNT opened at $129.70 on Friday. The company has a market cap of $95.02 billion, a price-to-earnings ratio of 50.08, a price-to-earnings-growth ratio of 3.52 and a beta of 0.92. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $134.91. The stock has a fifty day simple moving average of $95.87 and a 200-day simple moving average of $86.26.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.62 by $0.20. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the firm 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. Analysts anticipate that Fortinet, Inc. will post 2.77 EPS for the current year.

Insider Activity

In other news, COO John Whittle sold 146,015 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the transaction, the chief operating officer owned 94,724 shares in the company, valued at approximately $12,163,508.84. This trade represents a 60.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ken Xie sold 5,355 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $88.90, for a total value of $476,059.50. Following the transaction, the chief executive officer owned 52,978,004 shares in the company, valued at approximately $4,709,744,555.60. This represents a 0.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 153,848 shares of company stock worth $19,446,115. Company insiders own 17.60% of the company’s stock.

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.