Vinva Investment Management Ltd Sells 22,263 Shares of Fortinet, Inc. $FTNT

Vinva Investment Management Ltd trimmed its stake in Fortinet, Inc. (NASDAQ:FTNT) by 51.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,855 shares of the software maker’s stock after selling 22,263 shares during the quarter. Vinva Investment Management Ltd’s holdings in Fortinet were worth $1,765,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTNT. Vanguard Group Inc. raised its holdings in shares of Fortinet by 4.0% during the third quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock valued at $6,354,874,000 after purchasing an additional 2,894,355 shares during the period. State Street Corp boosted its position in shares of Fortinet by 3.0% during the 2nd quarter. State Street Corp now owns 29,183,161 shares of the software maker’s stock worth $3,085,244,000 after purchasing an additional 862,468 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Fortinet by 5.2% in the 2nd quarter. Geode Capital Management LLC now owns 16,916,974 shares of the software maker’s stock valued at $1,783,091,000 after buying an additional 828,569 shares during the period. Norges Bank bought a new stake in Fortinet in the 2nd quarter valued at about $1,640,900,000. Finally, Invesco Ltd. increased its position in Fortinet by 7.9% in the 2nd quarter. Invesco Ltd. now owns 9,248,182 shares of the software maker’s stock valued at $977,718,000 after buying an additional 677,654 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

Fortinet Stock Performance

Shares of Fortinet stock opened at $83.81 on Tuesday. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $109.33. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of $80.29 and a 200-day moving average price of $81.55. The company has a market cap of $62.01 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.89 and a beta of 1.05.

Fortinet (NASDAQ:FTNT) last announced its earnings results 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. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Fortinet’s quarterly revenue was up 14.8% on a year-over-year basis. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Equities analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley reiterated an “underweight” rating and issued a $70.00 price target (up from $66.00) on shares of Fortinet in a report on Thursday, December 18th. Mizuho upped their target price on Fortinet from $72.00 to $74.00 and gave the stock an “underperform” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. increased their target price on Fortinet from $72.00 to $73.00 and gave the stock an “underweight” rating in a report on Friday, February 6th. Robert W. Baird set a $90.00 price target on shares of Fortinet in a research report on Friday, February 6th. Finally, Citigroup restated a “neutral” rating and set a $90.00 price target (up from $85.00) on shares of Fortinet in a research note on Monday, February 9th. One investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $88.62.

Insider Buying and Selling at Fortinet

In other news, VP Michael Xie sold 343,106 shares of the 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 $831,321,160.44. This represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ken Xie sold 175,737 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 transaction of $14,308,506.54. Following the transaction, the chief executive officer directly owned 51,396,385 shares in the company, valued at $4,184,693,666.70. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 18.00% of the stock is currently owned by company insiders.

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.