Union Bancaire Privee UBP SA Increases Stock Position in Fortinet, Inc. $FTNT

Union Bancaire Privee UBP SA lifted its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 713.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 176,572 shares of the software maker’s stock after purchasing an additional 154,875 shares during the period. Union Bancaire Privee UBP SA’s holdings in Fortinet were worth $13,597,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Fortinet during the second quarter worth about $1,640,900,000. Vanguard Group Inc. lifted its stake in shares of Fortinet by 4.0% in the 3rd 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 in the last quarter. Van ECK Associates Corp grew its holdings in shares of Fortinet by 62.1% during the 3rd quarter. Van ECK Associates Corp now owns 5,564,558 shares of the software maker’s stock worth $467,868,000 after purchasing an additional 2,132,109 shares during the period. First Trust Advisors LP increased its position in Fortinet by 30.9% during the 3rd quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker’s stock worth $636,962,000 after purchasing an additional 1,790,033 shares in the last quarter. Finally, Invesco Ltd. increased its position in Fortinet by 17.0% during the 3rd quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock worth $909,453,000 after purchasing an additional 1,568,337 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fortinet

In other news, VP Michael Xie sold 343,106 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 $27,935,690.52. Following the sale, the vice president directly owned 10,210,282 shares of the company’s stock, valued at approximately $831,321,160.44. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $14,308,506.54. Following the completion of the transaction, the chief executive officer owned 51,396,385 shares in the company, valued at approximately $4,184,693,666.70. This trade represents a 0.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is currently owned by insiders.

Fortinet Price Performance

Shares of FTNT stock opened at $83.12 on Friday. The firm has a fifty day simple moving average of $81.06 and a 200-day simple moving average of $81.80. The company has a market capitalization of $61.50 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 2.88 and a beta of 1.05. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $109.33. 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 released its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The firm’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 research analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on FTNT shares. Scotiabank cut shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price target on the stock. in a research report on Monday, February 2nd. Robert W. Baird set a $90.00 target price on shares of Fortinet in a research note on Friday, February 6th. TD Cowen upgraded shares of Fortinet from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Friday, January 23rd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $83.00 price target on shares of Fortinet in a report on Friday, February 6th. Finally, Oppenheimer reissued a “market perform” rating on shares of Fortinet in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-two have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $88.62.

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.