Swiss National Bank Has $157.68 Million Stock Holdings in Fortinet, Inc. $FTNT

Swiss National Bank trimmed its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,875,400 shares of the software maker’s stock after selling 103,700 shares during the period. Swiss National Bank owned about 0.25% of Fortinet worth $157,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. L2 Asset Management LLC increased its position in Fortinet by 5.1% in the 2nd quarter. L2 Asset Management LLC now owns 2,847 shares of the software maker’s stock worth $301,000 after purchasing an additional 137 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Fortinet by 40.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 481 shares of the software maker’s stock valued at $40,000 after buying an additional 139 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Fortinet by 11.4% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,410 shares of the software maker’s stock valued at $149,000 after buying an additional 144 shares during the last quarter. Fiduciary Alliance LLC grew its stake in shares of Fortinet by 3.0% in the 3rd quarter. Fiduciary Alliance LLC now owns 5,093 shares of the software maker’s stock valued at $428,000 after buying an additional 147 shares in the last quarter. Finally, Empirical Finance LLC grew its stake in shares of Fortinet by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 21,936 shares of the software maker’s stock valued at $2,319,000 after buying an additional 148 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analysts Set New Price Targets

FTNT has been the topic of several recent research reports. Oppenheimer reaffirmed a “market perform” rating on shares of Fortinet in a research report on Friday, January 23rd. Piper Sandler reissued a “neutral” rating and issued a $90.00 target price (up from $85.00) on shares of Fortinet in a research report on Monday, January 5th. Royal Bank Of Canada restated a “sector perform” rating and set a $90.00 price target (up from $85.00) on shares of Fortinet in a research note on Friday, February 6th. Rosenblatt Securities raised their price target on shares of Fortinet from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Scotiabank lowered shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective for the company. in a research note on Monday, February 2nd. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, Fortinet presently has an average rating of “Hold” and an average target price of $88.62.

Fortinet Stock Up 0.2%

Shares of Fortinet stock opened at $83.81 on Tuesday. Fortinet, Inc. has a 12-month low of $70.12 and a 12-month high of $109.33. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $80.29 and a two-hundred day moving average price of $81.55. The stock has a market capitalization of $62.01 billion, a P/E ratio of 34.49, a PEG ratio of 2.89 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 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $0.74 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. 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 expect that Fortinet, Inc. will post 2.09 earnings per share for the current year.

Insiders Place Their Bets

In other Fortinet news, CEO Ken Xie sold 175,737 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $4,184,693,666.70. The trade was a 0.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael Xie sold 343,106 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 $27,935,690.52. Following the sale, the vice president owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. This trade represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 18.00% 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.