Y.D. More Investments Ltd Reduces Holdings in Fortinet, Inc. $FTNT

Y.D. More Investments Ltd cut its stake in Fortinet, Inc. (NASDAQ:FTNT) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,635 shares of the software maker’s stock after selling 7,975 shares during the period. Y.D. More Investments Ltd’s holdings in Fortinet were worth $4,656,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FTNT. Fiduciary Trust Co increased its position in shares of Fortinet by 1.2% during the third quarter. Fiduciary Trust Co now owns 10,823 shares of the software maker’s stock worth $910,000 after purchasing an additional 130 shares in the last quarter. L2 Asset Management LLC grew its stake in Fortinet by 5.1% during the 2nd quarter. L2 Asset Management LLC now owns 2,847 shares of the software maker’s stock worth $301,000 after buying an additional 137 shares during the last quarter. Meeder Asset Management Inc. grew its stake in Fortinet by 40.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 481 shares of the software maker’s stock worth $40,000 after buying an additional 139 shares during the last quarter. Optimist Retirement Group LLC increased its position in Fortinet by 2.9% during the third quarter. Optimist Retirement Group LLC now owns 4,888 shares of the software maker’s stock worth $411,000 after buying an additional 140 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its position in Fortinet by 11.4% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,410 shares of the software maker’s stock worth $149,000 after buying an additional 144 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Price Performance

Shares of NASDAQ FTNT opened at $82.53 on Monday. The stock has a fifty day moving average price of $81.83 and a 200 day moving average price of $81.96. 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. The company has a market cap of $61.07 billion, a PE ratio of 33.96, a P/E/G ratio of 2.85 and a beta of 1.00.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The company had revenue of $1.91 billion for 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%. Fortinet’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Sell-side analysts forecast that Fortinet, Inc. will post 2.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FTNT. Freedom Capital downgraded Fortinet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Robert W. Baird set a $90.00 price target on shares of Fortinet in a research report on Friday, February 6th. Oppenheimer reiterated a “market perform” rating on shares of Fortinet in a research note on Friday, January 23rd. Sanford C. Bernstein reissued a “market perform” rating and set a $83.00 price objective on shares of Fortinet in a research report on Friday, February 6th. Finally, Stifel Nicolaus set a $85.00 price objective on shares of Fortinet in a research note on Wednesday, March 11th. Five analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $87.84.

Insider Transactions 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 directly owned 10,210,282 shares in the company, valued at $831,321,160.44. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ken Xie sold 175,737 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 17.20% of the company’s stock.

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.