Fiera Capital Corp Sells 812,981 Shares of Fortinet, Inc. $FTNT

Fiera Capital Corp decreased its position in Fortinet, Inc. (NASDAQ:FTNT) by 86.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,558 shares of the software maker’s stock after selling 812,981 shares during the quarter. Fiera Capital Corp’s holdings in Fortinet were worth $10,389,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LSV Asset Management purchased a new position in Fortinet during the 2nd quarter valued at about $25,000. Financial Consulate Inc. bought a new stake in shares of Fortinet in the 3rd quarter worth approximately $25,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Fortinet in the 3rd quarter worth approximately $25,000. Quaker Wealth Management LLC increased its stake in shares of Fortinet by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 363 shares of the software maker’s stock valued at $38,000 after buying an additional 726 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Fortinet during the second quarter valued at approximately $40,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fortinet

In other Fortinet news, CEO Ken Xie sold 175,737 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. The trade was a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Michael Xie sold 343,106 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $27,935,690.52. Following the transaction, the vice president owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. The trade was a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 17.20% of the company’s stock.

Fortinet Trading Down 2.0%

NASDAQ:FTNT opened at $80.00 on Friday. The firm has a market capitalization of $59.49 billion, a P/E ratio of 32.92, a PEG ratio of 2.82 and a beta of 1.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09. Fortinet, Inc. has a one year low of $70.12 and a one year high of $114.57. The company’s 50-day simple moving average is $80.48 and its 200 day simple moving average is $81.58.

Fortinet (NASDAQ:FTNT) last released its earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned $0.74 earnings per share. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. As a group, analysts forecast that Fortinet, Inc. will post 2.09 EPS for the current fiscal year.

Analyst Ratings Changes

FTNT has been the topic of a number of research analyst reports. Piper Sandler reissued a “neutral” rating and set a $90.00 price objective (up from $85.00) on shares of Fortinet in a research report on Monday, January 5th. Wedbush reaffirmed an “outperform” rating and set a $90.00 target price on shares of Fortinet in a research note on Friday, February 6th. Barclays set a $88.00 price target on shares of Fortinet in a research note on Tuesday, February 3rd. BMO Capital Markets lifted their price objective on Fortinet from $90.00 to $95.00 and gave the company a “market perform” rating in a research report on Monday, February 9th. Finally, Rosenblatt Securities upped their target price on Fortinet from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Fortinet currently has a consensus rating of “Hold” and a consensus target price of $89.42.

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.