Fortinet, Inc. $FTNT Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group cut its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 45.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,317,996 shares of the software maker’s stock after selling 2,730,379 shares during the quarter. Schroder Investment Management Group owned 0.45% of Fortinet worth $278,977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LSV Asset Management acquired a new position in Fortinet during the second quarter worth $25,000. Financial Consulate Inc. acquired a new stake in shares of Fortinet in the third quarter valued at about $25,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Fortinet during the third quarter worth about $25,000. Pinnacle Holdings LLC acquired a new position in shares of Fortinet during the 3rd quarter worth about $25,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Fortinet during the 3rd quarter worth about $25,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Fortinet Trading Down 0.9%

FTNT opened at $83.67 on Monday. The firm has a market capitalization of $61.91 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 2.89 and a beta of 1.05. The company’s 50 day simple moving average is $80.23 and its two-hundred day simple moving average is $81.51. Fortinet, Inc. has a 1-year low of $70.12 and a 1-year high of $109.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09.

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

Wall Street Analyst Weigh In

FTNT has been the topic of several research analyst reports. Oppenheimer reiterated a “market perform” rating on shares of Fortinet in a report on Friday, January 23rd. Royal Bank Of Canada reissued a “sector perform” rating and set a $90.00 target price (up from $85.00) on shares of Fortinet in a report on Friday, February 6th. Jefferies Financial Group set a $90.00 price target on Fortinet in a research note on Friday, February 6th. Truist Financial set a $88.00 price target on Fortinet in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. increased their price objective on Fortinet from $72.00 to $73.00 and gave the company an “underweight” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Fortinet presently has a consensus rating of “Hold” and a consensus target price 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 transaction of $27,935,690.52. Following the transaction, 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 position. 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 sale, the chief executive officer directly owned 51,396,385 shares of the company’s stock, valued at $4,184,693,666.70. This represents a 0.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is owned by corporate insiders.

Fortinet 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.