Fortinet, Inc. $FTNT Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG cut its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 6.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 340,664 shares of the software maker’s stock after selling 24,471 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Fortinet were worth $27,838,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Physician Wealth Advisors Inc. increased its holdings in shares of Fortinet by 408.3% during the first 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 in the last quarter. Wexford Capital LP purchased a new position in shares of Fortinet in the 3rd quarter valued at approximately $25,000. Elyxium Wealth LLC acquired a new stake in Fortinet in the 4th quarter worth approximately $27,000. Palisade Asset Management LLC purchased a new stake in Fortinet during the 3rd quarter worth approximately $28,000. Finally, Ares Financial Consulting LLC purchased a new stake in Fortinet during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Stock Performance

Shares of NASDAQ FTNT opened at $157.51 on Monday. The company has a 50 day simple moving average of $137.74 and a two-hundred day simple moving average of $101.08. The stock has a market cap of $115.40 billion, a price-to-earnings ratio of 60.81, a PEG ratio of 4.28 and a beta of 1.09. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $165.28.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.20. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the firm earned $0.58 EPS. 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 predict that Fortinet, Inc. will post 2.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FTNT has been the subject of a number of research analyst reports. Robert W. Baird set a $115.00 price target on shares of Fortinet in a report on Thursday, May 7th. Rosenblatt Securities boosted their price objective on shares of Fortinet from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $100.00 target price on shares of Fortinet in a research report on Thursday, May 7th. HSBC lowered Fortinet from a “hold” rating to a “reduce” rating and set a $102.00 target price for the company. in a research note on Monday, June 29th. Finally, Piper Sandler lifted their price target on Fortinet from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-four have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $108.74.

Insiders Place Their Bets

In other news, VP Michael Xie sold 3,907 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $146.44, for a total transaction of $572,141.08. Following the transaction, the vice president owned 9,923,610 shares in the company, valued at $1,453,213,448.40. This trade represents a 0.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John Whittle sold 146,015 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the transaction, the chief operating officer directly owned 94,724 shares in the company, valued at approximately $12,163,508.84. The trade was a 60.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 318,387 shares of company stock worth $43,403,063. 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.