Eurizon SLJ Capital Ltd Acquires New Position in Fortinet, Inc. $FTNT

Eurizon SLJ Capital Ltd acquired a new stake in shares of Fortinet, Inc. (NASDAQ:FTNT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,966 shares of the software maker’s stock, valued at approximately $1,744,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Eurizon Capital SGR S.p.A. bought a new stake in Fortinet during the 4th quarter valued at about $14,638,000. Fideuram Asset Management Ireland dac bought a new stake in Fortinet during the 4th quarter valued at about $4,879,000. Basepoint Wealth LLC bought a new stake in Fortinet during the 4th quarter valued at about $29,000. Rothschild Investment LLC lifted its holdings in Fortinet by 88.6% during the 4th quarter. Rothschild Investment LLC now owns 5,559 shares of the software maker’s stock valued at $441,000 after buying an additional 2,612 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Fortinet by 2.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 60,556 shares of the software maker’s stock valued at $4,809,000 after buying an additional 1,342 shares in the last quarter. Institutional investors own 83.71% of the company’s stock.

Fortinet Trading Up 6.4%

NASDAQ:FTNT opened at $137.97 on Friday. Fortinet, Inc. has a one year low of $70.12 and a one year high of $138.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.15. The firm has a market cap of $101.08 billion, a P/E ratio of 53.27, a P/E/G ratio of 3.57 and a beta of 0.92. The firm has a 50-day simple moving average of $96.96 and a 200-day simple moving average of $86.62.

Fortinet (NASDAQ:FTNT) last posted its quarterly 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 net margin of 27.49% and a return on equity of 160.08%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the business posted $0.58 EPS. The company’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. Equities analysts anticipate that Fortinet, Inc. will post 2.77 EPS for the current fiscal year.

Insider Transactions at Fortinet

In other news, VP Michael Xie sold 2,478 shares of Fortinet stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $88.89, for a total value of $220,269.42. Following the transaction, the vice president owned 9,927,517 shares of the company’s stock, valued at $882,456,986.13. The trade was a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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, CEO Ken Xie sold 5,355 shares of Fortinet 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 in the company, valued at approximately $4,709,744,555.60. The trade was a 0.01% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders have sold a total of 153,848 shares of company stock valued at $19,446,115 in the last 90 days. Insiders own 17.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FTNT shares. Wedbush reiterated an “outperform” rating and set a $90.00 price objective on shares of Fortinet in a report on Friday, February 6th. Morgan Stanley reiterated an “underweight” rating and set a $80.00 price objective on shares of Fortinet in a report on Thursday, May 7th. Mizuho boosted their price target on shares of Fortinet from $70.00 to $86.00 and gave the company an “underperform” rating in a report on Thursday, May 7th. Jefferies Financial Group set a $90.00 price target on shares of Fortinet in a report on Friday, February 6th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $83.00 price target on shares of Fortinet in a report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-four have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $102.69.

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.