Global X Japan Co. Ltd. Increases Stake in Fortinet, Inc. $FTNT

Global X Japan Co. Ltd. increased its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 379.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,102 shares of the software maker’s stock after purchasing an additional 27,779 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Fortinet were worth $2,787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FTNT. CoreCap Advisors LLC grew its stake in shares of Fortinet by 41.1% during the fourth quarter. CoreCap Advisors LLC now owns 23,677 shares of the software maker’s stock valued at $1,880,000 after buying an additional 6,899 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Fortinet by 15.6% in the 4th quarter. Mather Group LLC. now owns 4,517 shares of the software maker’s stock valued at $359,000 after acquiring an additional 609 shares during the last quarter. Norden Group LLC lifted its stake in shares of Fortinet by 39.9% in the 4th quarter. Norden Group LLC now owns 4,281 shares of the software maker’s stock valued at $340,000 after acquiring an additional 1,221 shares during the last quarter. Olistico Wealth LLC purchased a new stake in Fortinet during the 4th quarter valued at about $34,000. Finally, First Merchants Corp grew its position in Fortinet by 2.3% during the 4th quarter. First Merchants Corp now owns 95,039 shares of the software maker’s stock worth $7,547,000 after acquiring an additional 2,114 shares during the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fortinet

In other Fortinet news, CEO Ken Xie sold 175,737 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the sale, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. This trade represents a 0.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the completion of the transaction, the vice president directly owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. The trade was a 3.25% decrease in their position. The SEC filing for this sale provides additional information. 17.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on FTNT shares. TD Cowen upgraded Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Friday, January 23rd. Morgan Stanley reiterated an “underweight” rating and issued a $70.00 price target (up from $66.00) on shares of Fortinet in a research note on Thursday, December 18th. UBS Group reissued a “neutral” rating and issued a $90.00 target price on shares of Fortinet in a research report on Friday, February 6th. Royal Bank Of Canada restated a “sector perform” rating and issued a $90.00 price target (up from $85.00) on shares of Fortinet in a research note on Friday, February 6th. Finally, Rosenblatt Securities boosted their price objective on shares of Fortinet from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $88.62.

Fortinet Stock Performance

Shares of NASDAQ:FTNT opened at $81.03 on Friday. The firm has a fifty day simple moving average of $81.35 and a two-hundred day simple moving average of $81.91. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $109.33. The stock has a market capitalization of $59.96 billion, a P/E ratio of 33.35, a PEG ratio of 2.73 and a beta of 1.05. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40.

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

Fortinet Company 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.