Generali Asset Management SPA SGR Has $3.81 Million Holdings in Fortinet, Inc. $FTNT

Generali Asset Management SPA SGR raised its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 95.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,993 shares of the software maker’s stock after buying an additional 23,451 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Fortinet were worth $3,811,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in FTNT. Crestwood Advisors Group LLC acquired a new stake in shares of Fortinet during the fourth quarter valued at approximately $362,000. Allegiance Financial Group Advisory Services LLC acquired a new position in Fortinet in the 4th quarter worth approximately $238,000. Sequoia Financial Advisors LLC grew its position in Fortinet by 50.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 23,836 shares of the software maker’s stock worth $1,893,000 after purchasing an additional 7,973 shares in the last quarter. Praxis Investment Management Inc. grew its position in Fortinet by 35.6% during the 4th quarter. Praxis Investment Management Inc. now owns 16,834 shares of the software maker’s stock worth $1,337,000 after purchasing an additional 4,418 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its stake in Fortinet by 82.5% during the 4th quarter. Gateway Investment Advisers LLC now owns 40,138 shares of the software maker’s stock valued at $3,187,000 after purchasing an additional 18,149 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Royal Bank Of Canada restated a “sector perform” rating and issued a $107.00 target price (up from $90.00) on shares of Fortinet in a report on Thursday. Stifel Nicolaus set a $85.00 price target on Fortinet in a research report on Wednesday, March 11th. Mizuho increased their price objective on Fortinet from $70.00 to $86.00 and gave the stock an “underperform” rating in a research note on Thursday. Wells Fargo & Company restated an “underweight” rating and set a $70.00 price objective (up from $64.00) on shares of Fortinet in a research report on Thursday. Finally, BMO Capital Markets lifted their target price on Fortinet from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $100.45.

Key Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet delivered a strong Q1 beat, with revenue up 20% year over year, EPS ahead of estimates, billings up sharply, and full-year guidance raised, signaling stronger demand across cybersecurity and AI-related security products.
• Positive Sentiment: Several analysts turned more constructive, including BTIG’s upgrade to Buy, Rosenblatt’s Buy rating with a higher target, and Citi/Susquehanna/UBS/Piper all raising price targets to around the current share price or above, supporting bullish sentiment.
• Positive Sentiment: Commentary around Fortinet’s gains suggests the results helped dispel “AI disruption” fears and highlighted growing demand tied to a more complex threat environment, which is improving investor confidence in the company’s growth runway.
• Neutral Sentiment: Citigroup and Susquehanna raised their price target to $115 while maintaining Neutral ratings, implying limited upside from current levels even after the rally.
• Neutral Sentiment: RBC Capital and Needham kept Hold-type views, indicating that not all analysts see the valuation as compelling despite the improved fundamentals.
• Negative Sentiment: There were also insider sales by the CEO and a VP, which may temper enthusiasm somewhat, though these trades appear small relative to the stock’s recent move.

Fortinet Trading Up 5.6%

Fortinet stock opened at $114.07 on Friday. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $114.66. The company has a quick ratio of 1.09, a current ratio of 1.15 and a debt-to-equity ratio of 0.50. The stock has a market cap of $83.51 billion, a P/E ratio of 44.04, a P/E/G ratio of 3.69 and a beta of 0.92. The company’s fifty day simple moving average is $82.97 and its 200-day simple moving average is $81.98.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.20. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the company earned $0.58 earnings per share. Fortinet’s quarterly revenue was up 20.1% compared to the same quarter last year. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, sell-side analysts forecast that Fortinet, Inc. will post 2.64 EPS for the current fiscal year.

Insider Transactions at Fortinet

In related news, VP Michael Xie sold 2,478 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $88.89, for a total value of $220,269.42. Following the transaction, the vice president owned 9,927,517 shares in the company, valued at approximately $882,456,986.13. This represents a 0.02% decrease in their ownership of the stock. The transaction 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 5,355 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $88.90, for a total transaction of $476,059.50. Following the transaction, the chief executive officer directly owned 52,978,004 shares in the company, valued at approximately $4,709,744,555.60. The trade was a 0.01% 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. 17.20% of the stock is owned by company insiders.

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.