Mitsubishi UFJ Asset Management Co. Ltd. Acquires 46,174 Shares of Fortinet, Inc. $FTNT

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 3.4% during the 4th quarter, HoldingsChannel reports. The firm owned 1,409,465 shares of the software maker’s stock after purchasing an additional 46,174 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Fortinet were worth $109,769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Allstate Corp bought a new position in Fortinet in the third quarter valued at approximately $2,034,000. Trilogy Capital Inc. increased its position in shares of Fortinet by 46.8% during the fourth quarter. Trilogy Capital Inc. now owns 44,152 shares of the software maker’s stock worth $3,506,000 after acquiring an additional 14,076 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Fortinet by 465.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 756,651 shares of the software maker’s stock worth $64,255,000 after acquiring an additional 622,809 shares in the last quarter. Machina Capital S.A.S. acquired a new stake in shares of Fortinet during the third quarter worth $1,177,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Fortinet by 5.8% during the third quarter. Victory Capital Management Inc. now owns 1,651,683 shares of the software maker’s stock worth $138,874,000 after acquiring an additional 90,284 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fortinet

In related news, CEO Ken Xie sold 5,355 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $88.90, for a total transaction of $476,059.50. Following the completion of the transaction, the chief executive officer directly owned 52,978,004 shares of the company’s stock, valued at approximately $4,709,744,555.60. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Michael Xie sold 2,478 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $88.89, for a total value of $220,269.42. Following the transaction, the vice president directly owned 9,927,517 shares in the company, valued at $882,456,986.13. This trade represents a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 17.20% of the stock is currently owned by insiders.

Fortinet Stock Performance

Shares of FTNT opened at $89.95 on Thursday. The stock has a market capitalization of $65.85 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 3.08 and a beta of 0.92. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $108.77. The firm has a fifty day simple moving average of $82.32 and a 200 day simple moving average of $81.81. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.20. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business earned $0.58 EPS. The company’s 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. Research analysts forecast that Fortinet, Inc. will post 2.63 EPS for the current fiscal year.

Key Stories Impacting Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Q1 beat and upgraded guidance — Fortinet reported $0.82 EPS vs. $0.61 expected and $1.85B revenue vs. $1.73B expected; management raised Q2 EPS and FY‑2026 EPS and revenue guidance, providing a clear catalyst for near‑term upside. Fortinet Reports Strong First Quarter 2026 Financial Results
• Positive Sentiment: Operational strength — Revenue +20% YoY, product revenue +41%, billings +31%, and record operating/free cash flow, which support margins and long‑term SaaS/recurring revenue durability. Q1 Press Release / Slide Deck
• Positive Sentiment: Analyst support — BMO lifted its price target to $100 (market‑perform), backing the stock’s upside narrative and may attract buy‑side flows. BMO Capital Markets Issues Positive Forecast for Fortinet (NASDAQ:FTNT) Stock Price
• Positive Sentiment: Product news: FortiGate G series launch — New ASIC‑accelerated appliances positioned to secure AI workloads, reinforcing Fortinet’s product leadership in a growing AI/security spending cycle. Fortinet Expands FortiGate G Series
• Neutral Sentiment: Insider sales disclosed — CEO and VP sold shares under pre‑arranged 10b5‑1 plans to cover taxes on vested awards; routine but can be perceived as liquidity. SEC Form 4 — Insider Sales
• Neutral Sentiment: Analyst mix — Several firms maintain neutral/hold ratings and divergent price targets, so further upside may depend on sustained execution vs. raised guidance. MarketBeat Analyst Notes
• Negative Sentiment: Institutional trimming and downgrade risk — Some large holders have trimmed positions and there remain sell/hold ratings that could limit momentum if upcoming quarters slow. QuiverQuant — Positioning & Institutional Moves

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $83.00 target price on shares of Fortinet in a research note on Friday, February 6th. Arete Research set a $104.00 price target on Fortinet and gave the company a “buy” rating in a research note on Monday, April 27th. Wells Fargo & Company started coverage on Fortinet in a report on Tuesday, March 3rd. They issued an “underweight” rating and a $64.00 price target on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Fortinet in a research report on Friday, January 23rd. Finally, Evercore set a $80.00 price objective on Fortinet in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-one have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $88.38.

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.