Groupama Asset Managment Takes Position in Fortinet, Inc. $FTNT

Groupama Asset Managment acquired a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,790 shares of the software maker’s stock, valued at approximately $1,664,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FTNT. LSV Asset Management acquired a new stake in Fortinet in the 2nd quarter valued at about $25,000. Pinnacle Holdings LLC acquired a new position in Fortinet during the third quarter worth approximately $25,000. Financial Consulate Inc. acquired a new position in Fortinet during the third quarter worth approximately $25,000. Steigerwald Gordon & Koch Inc. bought a new stake in Fortinet in the third quarter valued at approximately $25,000. Finally, Ameriflex Group Inc. bought a new stake in Fortinet in the third quarter valued at approximately $25,000. 83.71% of the stock is owned by institutional investors.

Fortinet Price Performance

Fortinet stock opened at $83.12 on Friday. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $109.33. The stock’s 50 day moving average is $81.06 and its 200-day moving average is $81.80. 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 company has a market capitalization of $61.50 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 2.88 and a beta of 1.05.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $0.74 EPS. 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 research analysts expect that Fortinet, Inc. will post 2.09 EPS for the current year.

Analyst Ratings Changes

FTNT has been the subject of several research analyst reports. Scotiabank downgraded Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 target price for the company. in a research note on Monday, February 2nd. Truist Financial set a $88.00 price target on Fortinet in a research note on Tuesday, January 20th. Mizuho raised their price target on Fortinet from $72.00 to $74.00 and gave the company an “underperform” rating in a report on Friday, February 6th. UBS Group reaffirmed a “neutral” rating and set a $90.00 price objective on shares of Fortinet in a research report on Friday, February 6th. Finally, TD Cowen upgraded shares of 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. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-two have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $88.62.

Insider Buying and Selling at Fortinet

In other news, VP Michael Xie sold 343,106 shares of the business’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 $27,935,690.52. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the completion of the transaction, the chief executive officer owned 51,396,385 shares in the company, valued at $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. 17.20% of the stock is owned by company 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.