Formuepleje A S Makes New $938,000 Investment in Fortinet, Inc. $FTNT

Formuepleje A S purchased a new stake in Fortinet, Inc. (NASDAQ:FTNT) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 6,104 shares of the software maker’s stock, valued at approximately $938,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System increased its position in Fortinet by 15,545.1% in the 2nd quarter. California State Teachers Retirement System now owns 145,097,777 shares of the software maker’s stock valued at $22,289,921,000 after buying an additional 144,170,346 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Fortinet during the second quarter valued at approximately $9,561,650,000. Norges Bank acquired a new position in shares of Fortinet during the fourth quarter worth approximately $1,152,917,000. Bank of New York Mellon Corp bought a new position in shares of Fortinet in the 2nd quarter worth $1,432,842,000. Finally, Legal & General Group Plc acquired a new stake in Fortinet in the 2nd quarter valued at $979,062,000. 83.71% of the stock is currently owned by institutional investors.

Fortinet Stock Performance

FTNT stock opened at $156.29 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 0.32. The firm has a market cap of $114.67 billion, a PE ratio of 55.03, a P/E/G ratio of 2.96 and a beta of 1.06. The business has a 50 day moving average of $158.88 and a 200-day moving average of $123.26. Fortinet, Inc. has a 12-month low of $73.55 and a 12-month high of $173.89.

Fortinet (NASDAQ:FTNT) last released its earnings results on Wednesday, July 29th. The software maker reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.15. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 earnings per share. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. As a group, sell-side analysts expect that Fortinet, Inc. will post 3.05 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. HSBC cut shares of Fortinet from a “hold” rating to a “reduce” rating and set a $102.00 price objective for the company. in a report on Monday, June 29th. Bank of America reaffirmed a “buy” rating on shares of Fortinet in a research report on Monday, July 27th. Evercore set a $165.00 price target on Fortinet in a research note on Thursday, July 30th. Barclays set a $190.00 price objective on Fortinet and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, Stifel Nicolaus set a $175.00 target price on Fortinet and gave the company a “hold” rating in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $150.91.

Insider Buying and Selling at Fortinet

In related news, VP Michael Xie sold 3,121 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $162.63, for a total value of $507,568.23. Following the sale, the vice president directly owned 9,918,360 shares in the company, valued at approximately $1,613,022,886.80. The trade was a 0.03% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ken Xie sold 161,482 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $162.66, for a total transaction of $26,266,662.12. Following the sale, the chief executive officer directly owned 52,972,372 shares in the company, valued at approximately $8,616,486,029.52. This trade represents a 0.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. 17.60% of the stock is currently owned by corporate insiders.

More Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet was highlighted as a growth-at-a-reasonable-price (GARP) stock, with analysts pointing to its 2026 growth outlook, rising earnings estimates and expanding AI-security opportunity. Zacks.com featured highlights including Fortinet
• Positive Sentiment: Fortinet was also included among founder-led technology companies with long-term innovation and growth potential, reinforcing the investment case around its leadership and strategic direction. Founder-led companies redefining technology and growth
• Positive Sentiment: Multiple Zacks features identify FTNT as a GARP candidate, suggesting analysts view its earnings and revenue prospects as attractive relative to its valuation and peer group. GARP stocks investors can consider
• Positive Sentiment: Fortinet continues to benefit from broader demand for AI-driven cybersecurity. Its latest reported quarter exceeded earnings and revenue estimates, with revenue increasing 25.6% year over year, supporting the bullish outlook.
• Neutral Sentiment: ControlMonkey added backup and disaster-recovery support for Fortinet security configurations. The announcement improves recoverability for customers but appears unlikely to materially affect Fortinet’s near-term financial results. ControlMonkey extends recovery to the security stack
• Negative Sentiment: A sharp reaction to Palo Alto Networks’ results despite strong growth highlighted how demanding investor expectations have become for cybersecurity stocks. That sector-wide valuation risk may be limiting upside for Fortinet even amid favorable company-specific commentary. Cybersecurity stocks react to Palo Alto results

Fortinet Company 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.