Swiss Life Asset Management Ltd Boosts Stock Position in Fortinet, Inc. $FTNT

Swiss Life Asset Management Ltd raised its stake in Fortinet, Inc. (NASDAQ:FTNT) by 42.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,328 shares of the software maker’s stock after purchasing an additional 59,973 shares during the period. Swiss Life Asset Management Ltd’s holdings in Fortinet were worth $15,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTNT. Steigerwald Gordon & Koch Inc. purchased a new position in Fortinet in the third quarter valued at about $25,000. Pinnacle Holdings LLC purchased a new stake in shares of Fortinet during the third quarter worth about $25,000. Ameriflex Group Inc. purchased a new stake in shares of Fortinet during the third quarter worth about $25,000. Wexford Capital LP purchased a new stake in shares of Fortinet during the third quarter worth about $25,000. Finally, Palisade Asset Management LLC purchased a new stake in shares of Fortinet during the third quarter worth about $28,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Transactions at Fortinet

In related news, VP Michael Xie sold 2,478 shares of Fortinet stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $88.89, for a total transaction of $220,269.42. Following the completion of the sale, the vice president owned 9,927,517 shares of the company’s stock, valued at $882,456,986.13. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 5,355 shares of Fortinet stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $88.90, for a total value of $476,059.50. Following the sale, the chief executive officer directly owned 52,978,004 shares of the company’s stock, valued at $4,709,744,555.60. This trade represents a 0.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders own 17.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. TD Cowen restated a “buy” rating and set a $125.00 price target (up from $100.00) on shares of Fortinet in a research note on Thursday. Weiss Ratings upgraded Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Evercore set a $80.00 price target on Fortinet in a research note on Friday, February 6th. Stephens set a $115.00 price target on Fortinet and gave the stock an “equal weight” rating in a research note on Thursday. Finally, BTIG Research upgraded Fortinet from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-three have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $100.45.

Trending Headlines about Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: BTIG highlighted Fortinet as a potential winner from rising post-quantum cryptography spending, which could open a new growth opportunity for cybersecurity vendors. BTIG Names Fortinet and Cloudflare as Potential Winners from Rising Post-Quantum Spending
• Positive Sentiment: Multiple articles described Fortinet as a growth stock and part of the AI/security investment theme, which may be improving sentiment around future demand. Fortinet (FTNT) is a Top-Ranked Growth Stock: Should You Buy?
• Positive Sentiment: Fortinet was also described as hitting a fresh 52-week high, signaling strong momentum and investor confidence in the stock’s fundamentals. Fortinet, Inc. (FTNT) Hits Fresh High: Is There Still Room to Run?
• Positive Sentiment: Analyst note flow was constructive, including a reported price-target increase and a bullish forecast from Citigroup, adding support to the recent move. Fortinet (NASDAQ:FTNT) Price Target Raised to $110.00
• Neutral Sentiment: One short-interest update showed no meaningful change in reported short interest, so it does not appear to be a major driver of the stock’s move.

Fortinet Trading Up 1.2%

Fortinet stock opened at $115.44 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $115.49. The company has a market capitalization of $84.51 billion, a price-to-earnings ratio of 44.57, a price-to-earnings-growth ratio of 3.29 and a beta of 0.92. The stock has a 50-day moving average price of $84.43 and a 200 day moving average price of $82.40.

Fortinet (NASDAQ:FTNT) last released its earnings results on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.20. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue was up 20.1% compared to the same quarter last year. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Sell-side analysts anticipate that Fortinet, Inc. will post 2.64 EPS for the current year.

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.