Czech National Bank Boosts Holdings in Fortinet, Inc. $FTNT

Czech National Bank lifted its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 3.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,259 shares of the software maker’s stock after buying an additional 5,109 shares during the period. Czech National Bank’s holdings in Fortinet were worth $27,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Expressive Wealth LLC acquired a new position in shares of Fortinet in the 4th quarter worth approximately $646,000. Trilogy Capital Inc. increased its holdings in Fortinet by 46.8% in the 4th quarter. Trilogy Capital Inc. now owns 44,152 shares of the software maker’s stock valued at $3,506,000 after purchasing an additional 14,076 shares during the last quarter. Leonteq Securities AG purchased a new stake in Fortinet in the fourth quarter valued at approximately $10,422,000. Eurizon Capital SGR S.p.A. purchased a new stake in Fortinet in the fourth quarter valued at approximately $14,638,000. Finally, Thrivent Financial for Lutherans lifted its stake in Fortinet by 156.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 390,492 shares of the software maker’s stock worth $31,009,000 after purchasing an additional 238,299 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO John Whittle sold 146,015 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the transaction, the chief operating officer owned 94,724 shares of the company’s stock, valued at $12,163,508.84. This trade represents a 60.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Michael Xie sold 3,121 shares of Fortinet stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $162.63, for a total value of $507,568.23. Following the completion of the transaction, the vice president owned 9,918,360 shares in the company, valued at $1,613,022,886.80. This trade represents a 0.03% decrease in their ownership of the stock. 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 sold a total of 475,157 shares of company stock worth $69,480,964 in the last 90 days. Company insiders own 17.60% of the company’s stock.

Fortinet Stock Performance

Shares of FTNT stock opened at $159.64 on Friday. The company has a market cap of $117.13 billion, a P/E ratio of 56.21, a PEG ratio of 3.04 and a beta of 1.07. The firm has a fifty day moving average price of $153.54 and a 200 day moving average price of $112.10. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. Fortinet, Inc. has a 12 month low of $72.83 and a 12 month high of $172.09.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings results on Wednesday, July 29th. The software maker reported $0.90 EPS for the quarter, beating the consensus estimate of $0.75 by $0.15. The company had revenue of $2.05 billion for 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 was up 25.6% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Sell-side analysts predict that Fortinet, Inc. will post 3.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FTNT has been the subject of several research analyst reports. HSBC lowered Fortinet from a “hold” rating to a “reduce” rating and set a $102.00 price target for the company. in a research report on Monday, June 29th. DZ Bank lowered Fortinet from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Truist Financial set a $183.00 target price on Fortinet and gave the company a “buy” rating in a report on Tuesday, July 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $185.00 target price (up from $165.00) on shares of Fortinet in a research report on Thursday, July 30th. Finally, William Blair reiterated a “market perform” rating on shares of Fortinet in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $150.91.

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.