Fortinet, Inc. $FTNT Shares Bought by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. raised its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 379.3% during the fourth quarter, HoldingsChannel reports. The firm owned 35,102 shares of the software maker’s stock after purchasing an additional 27,779 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Fortinet were worth $2,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fiduciary Trust Co raised its stake in Fortinet by 1.2% in the 3rd quarter. Fiduciary Trust Co now owns 10,823 shares of the software maker’s stock worth $910,000 after acquiring an additional 130 shares during the last quarter. L2 Asset Management LLC lifted its holdings in Fortinet by 5.1% during the second quarter. L2 Asset Management LLC now owns 2,847 shares of the software maker’s stock valued at $301,000 after purchasing an additional 137 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of Fortinet by 40.6% in the third quarter. Meeder Asset Management Inc. now owns 481 shares of the software maker’s stock valued at $40,000 after purchasing an additional 139 shares during the period. Optimist Retirement Group LLC lifted its holdings in Fortinet by 2.9% in the 3rd quarter. Optimist Retirement Group LLC now owns 4,888 shares of the software maker’s stock valued at $411,000 after purchasing an additional 140 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted 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 acquiring an additional 144 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fortinet

In other news, CEO Ken Xie sold 175,737 shares of the business’s 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 completion of the transaction, the chief executive officer directly owned 51,396,385 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through the SEC website. Also, VP Michael Xie sold 343,106 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 $27,935,690.52. Following the transaction, the vice president owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. This trade represents a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. 17.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FTNT. JPMorgan Chase & Co. upped their price objective on shares of Fortinet from $72.00 to $73.00 and gave the company an “underweight” rating in a report on Friday, February 6th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $90.00 price target (up from $85.00) on shares of Fortinet in a research report on Friday, February 6th. UBS Group reaffirmed a “neutral” rating and set a $90.00 price objective on shares of Fortinet in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Fortinet in a research report on Monday, December 29th. Finally, Scotiabank cut Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective for the company. in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Fortinet has a consensus rating of “Hold” and a consensus target price of $88.62.

Fortinet Price Performance

Fortinet stock opened at $81.03 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $109.33. The firm has a market cap of $59.96 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 2.73 and a beta of 1.05. The company’s 50 day moving average is $81.35 and its two-hundred day moving average is $81.91.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 earnings per share. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. On average, research analysts expect that Fortinet, Inc. will post 2.09 EPS 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.