Erste Asset Management GmbH Sells 183,128 Shares of Fortinet, Inc. $FTNT

Erste Asset Management GmbH decreased its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 92.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,288 shares of the software maker’s stock after selling 183,128 shares during the quarter. Erste Asset Management GmbH’s holdings in Fortinet were worth $1,270,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Brighton Jones LLC boosted its stake in shares of Fortinet by 2.2% in the fourth quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock worth $976,000 after acquiring an additional 221 shares during the period. Bison Wealth LLC purchased a new position in Fortinet in the 4th quarter worth approximately $585,000. World Investment Advisors boosted its stake in Fortinet by 44.5% in the 2nd quarter. World Investment Advisors now owns 5,429 shares of the software maker’s stock worth $574,000 after purchasing an additional 1,671 shares during the period. Assetmark Inc. boosted its stake in Fortinet by 24.1% in the 2nd quarter. Assetmark Inc. now owns 108,849 shares of the software maker’s stock worth $11,508,000 after purchasing an additional 21,109 shares during the period. Finally, Savvy Advisors Inc. purchased a new stake in Fortinet during the 2nd quarter valued at approximately $217,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. HSBC downgraded shares of Fortinet from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. TD Cowen raised shares of Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Friday, January 23rd. Evercore set a $80.00 target price on Fortinet in a report on Friday, February 6th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 target price on shares of Fortinet in a research report on Monday, November 24th. Finally, Daiwa Securities Group lowered Fortinet from an “outperform” rating to a “neutral” rating and set a $86.00 price target for the company. in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $89.42.

Insider Buying and Selling at Fortinet

In other news, VP Michael Xie sold 343,106 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $27,935,690.52. Following the completion of the sale, the vice president owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ken Xie sold 175,737 shares of Fortinet 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 transaction, the chief executive officer directly owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. This represents a 0.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 18.00% of the stock is owned by insiders.

Fortinet Trading Down 0.2%

Shares of NASDAQ FTNT opened at $79.03 on Monday. Fortinet, Inc. has a 1-year low of $70.12 and a 1-year high of $110.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09. The business’s 50 day moving average is $80.14 and its two-hundred day moving average is $81.40. The stock has a market capitalization of $58.48 billion, a P/E ratio of 32.52, a PEG ratio of 2.73 and a beta of 1.05.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The business had revenue of $1.91 billion during 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 for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. As a group, research analysts expect that Fortinet, Inc. will post 2.09 EPS for the current year.

Fortinet 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.