Fortinet, Inc. $FTNT Shares Sold by Groupe la Francaise

Groupe la Francaise trimmed its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 96.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,588 shares of the software maker’s stock after selling 44,118 shares during the quarter. Groupe la Francaise’s holdings in Fortinet were worth $244,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of FTNT. Brighton Jones LLC raised its position in shares of Fortinet by 2.2% in the 4th quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock valued at $976,000 after purchasing an additional 221 shares in the last quarter. Bison Wealth LLC acquired a new stake in shares of Fortinet during the fourth quarter worth approximately $585,000. HUB Investment Partners LLC increased its stake in shares of Fortinet by 29.1% in the second quarter. HUB Investment Partners LLC now owns 5,299 shares of the software maker’s stock worth $560,000 after buying an additional 1,193 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in shares of Fortinet in the second quarter worth $1,136,000. Finally, Quantinno Capital Management LP raised its holdings in Fortinet by 27.4% in the second quarter. Quantinno Capital Management LP now owns 144,989 shares of the software maker’s stock valued at $15,328,000 after acquiring an additional 31,202 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Stock Performance

Shares of FTNT opened at $157.47 on Wednesday. The stock has a market capitalization of $115.54 billion, a PE ratio of 55.45, a price-to-earnings-growth ratio of 2.96 and a beta of 1.06. The business’s fifty day moving average price is $158.97 and its 200 day moving average price is $124.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.28 and a quick ratio of 1.19. Fortinet, Inc. has a 12-month low of $73.55 and a 12-month high of $173.89.

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 firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.89 billion. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Equities research analysts forecast that Fortinet, Inc. will post 3.05 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on FTNT shares. Royal Bank Of Canada set a $185.00 price objective on shares of Fortinet and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Mizuho set a $125.00 target price on shares of Fortinet and gave the stock an “underperform” rating in a research report on Wednesday, July 15th. BTIG Research upped their target price on shares of Fortinet from $186.00 to $203.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Bank of America reaffirmed a “buy” rating on shares of Fortinet in a research report on Monday, July 27th. Finally, Morgan Stanley reiterated a “positive” rating and issued a $136.00 price target (up from $133.00) on shares of Fortinet in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $150.91.

Insider Activity

In related news, VP Michael Xie sold 3,121 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $162.63, for a total transaction of $507,568.23. Following the sale, the vice president owned 9,918,360 shares in the company, valued at $1,613,022,886.80. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $162.66, for a total transaction of $26,266,662.12. Following the completion of the transaction, the chief executive officer directly owned 52,972,372 shares in the company, valued at $8,616,486,029.52. This represents a 0.30% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 17.60% of the company’s stock.

Fortinet Company Profile

Fortinet, Inc develops cybersecurity products and services designed to protect enterprise, small and midsize business, service provider, and government networks. Its portfolio covers network security, endpoint protection, cloud security, secure access service edge (SASE), security operations, and zero-trust access.

The company’s offerings include FortiGate next-generation firewalls, FortiSwitch secure networking switches, FortiAP wireless access points, FortiClient endpoint security, and FortiManager and FortiAnalyzer management and analytics tools.