Deutsche Bank AG Acquires 1,020,515 Shares of Fortinet, Inc. $FTNT

Deutsche Bank AG increased its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 17.9% during the 4th quarter, HoldingsChannel reports. The firm owned 6,732,152 shares of the software maker’s stock after purchasing an additional 1,020,515 shares during the period. Deutsche Bank AG’s holdings in Fortinet were worth $534,600,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FTNT. Pinnacle Holdings LLC bought a new position in shares of Fortinet during the 3rd quarter valued at about $25,000. Ameriflex Group Inc. bought a new position in shares of Fortinet during the 3rd quarter valued at about $25,000. Wexford Capital LP bought a new position in shares of Fortinet during the 3rd quarter valued at about $25,000. Elyxium Wealth LLC bought a new position in shares of Fortinet during the 4th quarter valued at about $27,000. Finally, Palisade Asset Management LLC bought a new position in shares of Fortinet during the 3rd quarter valued at about $28,000. Institutional investors own 83.71% of the company’s stock.

Insider Transactions at Fortinet

In other news, CEO Ken Xie sold 160,632 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $145.58, for a total transaction of $23,384,806.56. Following the sale, the chief executive officer owned 52,972,372 shares in the company, valued at $7,711,717,915.76. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,907 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $146.44, for a total value of $572,141.08. Following the sale, the vice president owned 9,923,610 shares in the company, valued at approximately $1,453,213,448.40. This represents a 0.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 318,387 shares of company stock worth $43,403,063 in the last 90 days. Corporate insiders own 17.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FTNT. Rosenblatt Securities lifted their price objective on Fortinet from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Stifel Nicolaus set a $85.00 price objective on Fortinet in a report on Wednesday, March 11th. Robert W. Baird set a $115.00 target price on Fortinet in a research note on Thursday, May 7th. Compass Point set a $100.00 target price on Fortinet in a research note on Monday, May 4th. Finally, Truist Financial set a $120.00 target price on Fortinet and gave the company a “buy” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $106.43.

Fortinet Trading Up 0.4%

NASDAQ FTNT opened at $138.88 on Thursday. The stock has a market capitalization of $101.75 billion, a price-to-earnings ratio of 53.62, a PEG ratio of 3.79 and a beta of 1.11. The stock’s 50 day moving average price is $107.23 and its two-hundred day moving average price is $90.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.15. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $150.07.

Fortinet (NASDAQ:FTNT) last released its earnings results on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the business posted $0.58 EPS. The business’s quarterly 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. As a group, analysts anticipate that Fortinet, Inc. will post 2.78 earnings per share for the current fiscal year.

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.