Groupama Asset Managment Buys New Shares in Fortinet, Inc. $FTNT

Groupama Asset Managment bought a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,701 shares of the software maker’s stock, valued at approximately $1,937,000.

Several other large investors also recently bought and sold shares of the stock. Segall Bryant & Hamill LLC purchased a new stake in Fortinet during the 1st quarter worth about $935,000. CTC Alternative Strategies Ltd. purchased a new position in shares of Fortinet in the 1st quarter valued at about $253,000. Essential Partners LLC boosted its stake in shares of Fortinet by 43.0% in the 1st quarter. Essential Partners LLC now owns 5,224 shares of the software maker’s stock valued at $427,000 after buying an additional 1,570 shares during the period. Western Wealth Management LLC acquired a new position in shares of Fortinet during the first quarter worth about $530,000. Finally, Ariadne Wealth Management LP grew its position in shares of Fortinet by 35.3% during the first quarter. Ariadne Wealth Management LP now owns 4,373 shares of the software maker’s stock worth $357,000 after buying an additional 1,141 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Fortinet News Roundup

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Strong Q2 results: Fortinet reported earnings of $0.90 per share versus the $0.75 consensus estimate, while revenue rose 25.6% year over year to $2.05 billion, above the $1.89 billion forecast. Product revenue reportedly increased 52%, and billings climbed 33% to $2.37 billion. Fortinet lifts annual revenue forecast on strong cybersecurity demand
• Positive Sentiment: Guidance raised: Management lifted its full-year 2026 revenue outlook, signaling confidence that enterprise spending on security will remain strong amid rising data-security incidents. Analysts also highlighted pricing strength and solid execution. Fortinet raises revenue outlook after strong Q2 and new AI product push
• Positive Sentiment: AI and platform momentum: Demand for Fortinet’s AI-security offerings, SASE Firewall, security platforms and operational-technology products is providing additional growth catalysts as companies expand AI infrastructure. FTNT Q2 earnings call highlights SASE Firewall growth
• Positive Sentiment: Analyst target increases: Rosenblatt raised its target to $195 and BTIG raised its target to $203, both with Buy ratings. Citigroup also increased its target to $185, reinforcing the favorable near-term reaction to the earnings report. Analysts boost forecasts following upbeat Q2 earnings
• Neutral Sentiment: Susquehanna raised its target to $160 but retained a Neutral rating, while William Blair maintained a Hold rating, citing questions about how durable Fortinet’s pricing and growth advantages will be.
• Negative Sentiment: Valuation remains a risk after the stock’s substantial multiyear gain. At roughly 57 times earnings, shares may already reflect considerable optimism, leaving less room for disappointment. Fortinet stock seems stretched following its five-year run

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FTNT shares. TD Cowen reaffirmed a “buy” rating and issued a $215.00 target price (up from $160.00) on shares of Fortinet in a report on Monday, July 13th. BMO Capital Markets boosted their price target on shares of Fortinet from $170.00 to $185.00 and gave the stock a “market perform” rating in a report on Thursday. DZ Bank downgraded shares of Fortinet from a “hold” rating to a “strong sell” rating in a research report on Thursday. Compass Point set a $100.00 price objective on shares of Fortinet in a report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Fortinet from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Fortinet has an average rating of “Hold” and an average target price of $150.91.

Insider Transactions at Fortinet

In related news, VP Michael Xie sold 3,907 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total value of $572,141.08. Following the transaction, the vice president directly owned 9,923,610 shares of the company’s stock, valued at $1,453,213,448.40. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ken Xie sold 160,632 shares of Fortinet stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $145.58, for a total transaction of $23,384,806.56. Following the sale, the chief executive officer owned 52,972,372 shares in the company, valued at $7,711,717,915.76. This represents a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 318,387 shares of company stock worth $43,403,063. 17.60% of the stock is currently owned by insiders.

Fortinet Price Performance

Shares of NASDAQ FTNT opened at $161.95 on Friday. The stock’s 50-day simple moving average is $150.50 and its 200-day simple moving average is $109.09. The firm has a market capitalization of $118.65 billion, a PE ratio of 57.02, a price-to-earnings-growth ratio of 4.37 and a beta of 1.09. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $170.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.07 and a current ratio of 1.28.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings results on Wednesday, July 29th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.15. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.89 billion. Fortinet had a return on equity of 191.54% and a net margin of 28.17%.The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 earnings per share. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. As a group, equities research analysts forecast that Fortinet, Inc. will post 2.82 EPS for the current fiscal 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.