Sarasin & Partners LLP Decreases Stock Position in Fortinet, Inc. $FTNT

Sarasin & Partners LLP decreased its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,778,041 shares of the software maker’s stock after selling 115,962 shares during the period. Fortinet makes up approximately 2.3% of Sarasin & Partners LLP’s investment portfolio, making the stock its 17th biggest position. Sarasin & Partners LLP owned 0.37% of Fortinet worth $220,604,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Fortinet by 4.0% in the third quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock worth $6,354,874,000 after buying an additional 2,894,355 shares in the last quarter. State Street Corp grew its holdings in Fortinet by 1.6% during the 3rd quarter. State Street Corp now owns 29,660,558 shares of the software maker’s stock valued at $2,493,860,000 after buying an additional 477,397 shares in the last quarter. Norges Bank bought a new stake in Fortinet in the 2nd quarter worth approximately $1,640,900,000. Invesco Ltd. increased its stake in Fortinet by 17.0% in the 3rd quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock worth $909,453,000 after acquiring an additional 1,568,337 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Fortinet by 30.9% during the 3rd quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker’s stock worth $636,962,000 after acquiring an additional 1,790,033 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

Fortinet Trading Down 2.1%

Shares of FTNT opened at $81.40 on Friday. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $109.33. The company has a market cap of $60.23 billion, a P/E ratio of 33.50, a P/E/G ratio of 2.81 and a beta of 1.05. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $81.10 and its 200-day simple moving average is $81.85.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 EPS. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. As a group, analysts expect that Fortinet, Inc. will post 2.09 EPS for the current year.

Insider Activity

In other Fortinet news, CEO Ken Xie sold 175,737 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was 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 in the company, valued at $4,184,693,666.70. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael Xie sold 343,106 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $27,935,690.52. Following the transaction, the vice president directly owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. This represents a 3.25% decrease in their position. The SEC filing for this sale provides additional information. 17.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on FTNT. Weiss Ratings reiterated a “hold (c)” rating on shares of Fortinet in a research report on Monday, December 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $83.00 price target on shares of Fortinet in a research note on Friday, February 6th. Wells Fargo & Company started coverage on shares of Fortinet in a research report on Tuesday, March 3rd. They set an “underweight” rating and a $64.00 price objective for the company. Wedbush reissued an “outperform” rating and issued a $90.00 price objective on shares of Fortinet in a research note on Friday, February 6th. Finally, BMO Capital Markets boosted their target price on shares of Fortinet from $90.00 to $95.00 and gave the stock a “market perform” rating in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Fortinet has a consensus rating of “Hold” and an average price target of $88.62.

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.