Fortinet, Inc. $FTNT Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its position in Fortinet, Inc. (NASDAQ:FTNT) by 59.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 330,315 shares of the software maker’s stock after purchasing an additional 123,367 shares during the quarter. NEOS Investment Management LLC’s holdings in Fortinet were worth $27,773,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Rothschild Investment LLC raised its holdings in Fortinet by 258.5% during the 3rd quarter. Rothschild Investment LLC now owns 2,947 shares of the software maker’s stock worth $248,000 after buying an additional 2,125 shares during the period. Zions Bancorporation National Association UT grew its stake in Fortinet by 385.6% in the third quarter. Zions Bancorporation National Association UT now owns 3,865 shares of the software maker’s stock valued at $325,000 after purchasing an additional 3,069 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Fortinet by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock worth $6,354,874,000 after purchasing an additional 2,894,355 shares in the last quarter. Tobam lifted its holdings in shares of Fortinet by 110.5% during the 3rd quarter. Tobam now owns 27,616 shares of the software maker’s stock valued at $2,322,000 after buying an additional 14,494 shares during the last quarter. Finally, Capital Planning Advisors LLC acquired a new stake in shares of Fortinet in the third quarter valued at about $1,367,000. Institutional investors own 83.71% of the company’s stock.

Fortinet Trading Up 1.5%

Shares of Fortinet stock opened at $85.56 on Tuesday. The business has a fifty day simple moving average of $80.60 and a two-hundred day simple moving average of $81.82. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $114.82. The company has a market capitalization of $63.63 billion, a price-to-earnings ratio of 35.21, a P/E/G ratio of 2.95 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 (NASDAQ:FTNT) last posted its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.Fortinet’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 EPS. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Research analysts forecast that Fortinet, Inc. will post 2.09 EPS for the current year.

Insiders Place Their Bets

In other news, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction dated Monday, February 2nd. The shares were 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 $831,321,160.44. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This represents a 0.34% decrease in their position. The disclosure for this sale is available in the SEC filing. 18.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FTNT. Jefferies Financial Group set a $90.00 target price on Fortinet in a report on Friday, February 6th. Piper Sandler restated a “neutral” rating and issued a $90.00 price objective (up from $85.00) on shares of Fortinet in a report on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fortinet in a report on Monday, December 29th. Scotiabank cut Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 target price for the company. in a research note on Monday, February 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Fortinet from $72.00 to $73.00 and gave the company an “underweight” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Fortinet presently has a consensus rating of “Hold” and an average price target of $89.07.

About Fortinet

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.