Raiffeisen Bank International AG Grows Position in Fortinet, Inc. $FTNT

Raiffeisen Bank International AG boosted its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 177.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,541 shares of the software maker’s stock after buying an additional 3,546 shares during the period. Raiffeisen Bank International AG’s holdings in Fortinet were worth $861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in FTNT. Syon Capital LLC increased its stake in Fortinet by 7.3% in the 2nd quarter. Syon Capital LLC now owns 10,834 shares of the software maker’s stock worth $1,664,000 after acquiring an additional 734 shares during the last quarter. Premier Path Wealth Partners LLC grew its position in Fortinet by 6.1% in the second quarter. Premier Path Wealth Partners LLC now owns 4,246 shares of the software maker’s stock worth $652,000 after acquiring an additional 244 shares in the last quarter. NEOS Investment Management LLC grew its position in Fortinet by 11.5% during the second quarter. NEOS Investment Management LLC now owns 544,153 shares of the software maker’s stock valued at $83,593,000 after acquiring an additional 56,059 shares during the last quarter. Paragon Private Wealth Management LLC bought a new position in shares of Fortinet during the second quarter valued at about $275,000. Finally, Nykredit A S bought a new position in shares of Fortinet in the second quarter worth approximately $46,622,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insiders Place Their Bets

In related news, VP Michael Xie sold 3,121 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $162.63, for a total value of $507,568.23. Following the completion of the transaction, the vice president owned 9,918,360 shares of the company’s stock, valued at approximately $1,613,022,886.80. This represents a 0.03% decrease in their position. The sale was disclosed in a filing with the SEC, 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 161,482 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $162.66, for a total value of $26,266,662.12. Following the completion of the transaction, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at approximately $8,616,486,029.52. This trade represents a 0.30% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. 17.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on FTNT shares. BTIG Research boosted their price objective on shares of Fortinet from $186.00 to $203.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Robert W. Baird set a $165.00 price objective on shares of Fortinet in a report on Thursday, July 30th. HC Wainwright reiterated a “buy” rating on shares of Fortinet in a research note on Thursday, July 30th. HSBC lowered Fortinet from a “hold” rating to a “reduce” rating and set a $102.00 target price for the company. in a report on Monday, June 29th. Finally, UBS Group reiterated a “neutral” rating and issued a $180.00 price objective on shares of Fortinet in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Fortinet has an average rating of “Hold” and a consensus price target of $150.91.

More Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet was highlighted as a growth-at-a-reasonable-price (GARP) stock, with analysts pointing to its 2026 growth outlook, rising earnings estimates and expanding AI-security opportunity. Zacks.com featured highlights including Fortinet
• Positive Sentiment: Fortinet was also included among founder-led technology companies with long-term innovation and growth potential, reinforcing the investment case around its leadership and strategic direction. Founder-led companies redefining technology and growth
• Positive Sentiment: Multiple Zacks features identify FTNT as a GARP candidate, suggesting analysts view its earnings and revenue prospects as attractive relative to its valuation and peer group. GARP stocks investors can consider
• Positive Sentiment: Fortinet continues to benefit from broader demand for AI-driven cybersecurity. Its latest reported quarter exceeded earnings and revenue estimates, with revenue increasing 25.6% year over year, supporting the bullish outlook.
• Neutral Sentiment: ControlMonkey added backup and disaster-recovery support for Fortinet security configurations. The announcement improves recoverability for customers but appears unlikely to materially affect Fortinet’s near-term financial results. ControlMonkey extends recovery to the security stack
• Negative Sentiment: A sharp reaction to Palo Alto Networks’ results despite strong growth highlighted how demanding investor expectations have become for cybersecurity stocks. That sector-wide valuation risk may be limiting upside for Fortinet even amid favorable company-specific commentary. Cybersecurity stocks react to Palo Alto results

Fortinet Stock Down 0.0%

Shares of FTNT stock opened at $156.29 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. The stock has a market cap of $114.67 billion, a P/E ratio of 55.03, a P/E/G ratio of 2.96 and a beta of 1.06. Fortinet, Inc. has a 12 month low of $73.55 and a 12 month high of $173.89. The company has a 50 day simple moving average of $158.88 and a two-hundred day simple moving average of $122.99.

Fortinet (NASDAQ:FTNT) last released its earnings results on Wednesday, July 29th. The software maker reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.15. The company had revenue of $2.05 billion for 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%.Fortinet’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business earned $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. On average, research analysts expect that Fortinet, Inc. will post 3.05 earnings per share for the current year.

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.