3,524 Shares in Fortinet, Inc. $FTNT Bought by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. purchased a new position in Fortinet, Inc. (NASDAQ:FTNT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,524 shares of the software maker’s stock, valued at approximately $630,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FTNT. Transamerica Financial Advisors LLC purchased a new stake in shares of Fortinet in the 2nd quarter valued at approximately $492,000. Wealth Enhancement Trust Services Inc. lifted its holdings in shares of Fortinet by 83.8% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 22,326 shares of the software maker’s stock valued at $3,991,000 after purchasing an additional 10,180 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Fortinet by 21.4% in the first quarter. QRG Capital Management Inc. now owns 75,491 shares of the software maker’s stock valued at $6,169,000 after purchasing an additional 13,294 shares in the last quarter. Vista Investment Partners LLC boosted its position in shares of Fortinet by 53.1% in the second quarter. Vista Investment Partners LLC now owns 49,058 shares of the software maker’s stock worth $7,537,000 after buying an additional 17,018 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Fortinet by 35.5% in the third quarter. Farther Finance Advisors LLC now owns 32,402 shares of the software maker’s stock worth $5,792,000 after buying an additional 8,488 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FTNT. Roth Capital raised their price objective on Fortinet from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Robert W. Baird set a $165.00 price target on shares of Fortinet and gave the stock a “neutral” rating in a report on Thursday, July 30th. BMO Capital Markets boosted their price objective on shares of Fortinet from $170.00 to $185.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Wells Fargo & Company increased their target price on shares of Fortinet from $135.00 to $160.00 and gave the stock an “underweight” rating in a research report on Thursday, October 15th. Finally, Stephens lifted their target price on shares of Fortinet from $160.00 to $165.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, Fortinet currently has an average rating of “Hold” and a consensus target price of $162.36.

Fortinet News Summary

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet reported third-quarter revenue of $2.08 billion, up approximately 20% year over year, while adjusted earnings reached $0.91 per share versus the roughly $0.85–$0.86 consensus estimate. Product revenue rose 37% to $765 million. Fortinet Reports Strong Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 revenue-growth outlook to approximately 20% and issued fourth-quarter adjusted EPS guidance of $0.93 to $0.95, indicating continued profitability and operating momentum. Fortinet Fourth-Quarter EPS Guidance
• Positive Sentiment: The board authorized an additional $1.2 billion for share repurchases, leaving $2 billion available under the program. The buyback may support per-share results and signals management’s confidence in the company’s long-term cash generation. Fortinet Adds to Share Repurchase Program
• Neutral Sentiment: Fortinet continues expanding its product portfolio with FortiLink SASE for distributed locations and FortiGuard Inline AI Security for AI-related threats. These offerings could create future recurring-revenue opportunities, but their near-term financial contribution remains uncertain. Fortinet Expands Unified SASE
• Negative Sentiment: Billings growth, a forward-looking indicator of future revenue, underwhelmed investors despite increasing 29% to $2.34 billion. Cybersecurity stocks also sold off broadly as growth slowed significantly in one of Fortinet’s business segments, raising concerns that premium valuation expectations may be difficult to sustain. Fortinet Stock Falls After Earnings

Insider Activity at Fortinet

In related news, CEO Ken Xie sold 161,482 shares of Fortinet stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $162.66, for a total value of $26,266,662.12. Following the completion of the sale, the chief executive officer owned 52,972,372 shares of the company’s stock, valued at approximately $8,616,486,029.52. The trade was a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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, COO John Whittle sold 2,835 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $168.74, for a total transaction of $478,377.90. Following the completion of the sale, the chief operating officer owned 96,987 shares of the company’s stock, valued at $16,365,586.38. This represents a 2.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 221,303 shares of company stock valued at $36,164,034. Insiders own 17.60% of the company’s stock.

Fortinet Price Performance

NASDAQ FTNT opened at $174.08 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $127.72 billion, a PE ratio of 61.30, a price-to-earnings-growth ratio of 3.36 and a beta of 1.03. The company has a 50 day moving average price of $171.91 and a two-hundred day moving average price of $127.69. Fortinet, Inc. has a 12-month low of $73.55 and a 12-month high of $197.13.

Fortinet (NASDAQ:FTNT) last posted its earnings results on Wednesday, October 28th. The software maker reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the firm posted $0.74 earnings per share. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, equities analysts predict that Fortinet, Inc. will post 3.10 earnings per share for the current fiscal year.

About Fortinet

Fortinet, Inc develops cybersecurity products and services designed to protect networks, endpoints, applications, cloud environments and operational technology systems. The company’s portfolio includes next-generation firewalls, secure networking products, endpoint security, web application security, email security, identity and access solutions, and security information and event management tools.

Its product offerings include FortiGate network security appliances and cloud-based firewalls, along with FortiSwitch, FortiAP and FortiExtender solutions for secure connectivity.