13,989 Shares in Fortinet, Inc. $FTNT Purchased by Flossbach Von Storch SE

Flossbach Von Storch SE purchased a new stake in shares of Fortinet, Inc. (NASDAQ:FTNT) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 13,989 shares of the software maker’s stock, valued at approximately $2,149,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dunhill Financial LLC bought a new position in shares of Fortinet during the second quarter valued at approximately $25,000. Elevation Wealth Partners LLC lifted its stake in shares of Fortinet by 53.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 215 shares of the software maker’s stock worth $33,000 after acquiring an additional 75 shares during the last quarter. Wexford Capital LP bought a new stake in shares of Fortinet during the 3rd quarter worth approximately $25,000. Physician Wealth Advisors Inc. boosted its holdings in Fortinet by 408.3% during the 1st quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock valued at $25,000 after acquiring an additional 245 shares during the period. Finally, Palisade Asset Management LLC purchased a new position in Fortinet during the 3rd quarter valued at $28,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FTNT. Barclays set a $190.00 target price on Fortinet and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Rosenblatt Securities boosted their target price on shares of Fortinet from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Royal Bank Of Canada set a $185.00 price target on shares of Fortinet and gave the stock a “sector perform” rating in a report on Thursday, July 30th. DZ Bank downgraded shares of Fortinet from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Finally, HSBC lowered 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. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Fortinet currently has a consensus rating of “Hold” and a consensus target price of $150.91.

Fortinet Stock Performance

FTNT stock opened at $152.85 on Thursday. The firm has a market cap of $112.15 billion, a price-to-earnings ratio of 53.82, a PEG ratio of 3.00 and a beta of 1.07. Fortinet, Inc. has a one year low of $73.55 and a one year high of $172.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.28. The firm has a 50-day simple moving average of $155.98 and a two-hundred day simple moving average of $116.87.

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

Insider Activity at Fortinet

In related news, CEO Ken Xie sold 161,482 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $162.66, for a total value of $26,266,662.12. Following the transaction, the chief executive officer owned 52,972,372 shares in the company, valued at approximately $8,616,486,029.52. This represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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, VP Michael Xie sold 3,907 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total transaction of $572,141.08. Following the completion of the sale, the vice president directly owned 9,923,610 shares in the company, valued at $1,453,213,448.40. This trade represents a 0.04% 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. In the last quarter, insiders sold 329,142 shares of company stock worth $50,731,178. 17.60% of the stock is owned by corporate 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.