Fortinet, Inc. $FTNT Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group trimmed its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 45.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,317,996 shares of the software maker’s stock after selling 2,730,379 shares during the period. Schroder Investment Management Group’s holdings in Fortinet were worth $278,977,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FTNT. LSV Asset Management purchased a new stake in Fortinet in the second quarter valued at $25,000. Financial Consulate Inc. acquired a new stake in shares of Fortinet during the 3rd quarter worth about $25,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Fortinet in the 3rd quarter valued at about $25,000. Pinnacle Holdings LLC purchased a new stake in Fortinet in the 3rd quarter valued at about $25,000. Finally, Ameriflex Group Inc. acquired a new position in Fortinet in the third quarter valued at about $25,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Stock Down 0.9%

Shares of NASDAQ FTNT opened at $83.67 on Monday. The business has a 50-day moving average of $80.23 and a two-hundred day moving average of $81.51. The company has a market capitalization of $61.91 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 2.89 and a beta of 1.05. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $109.33. 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 released its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the business posted $0.74 EPS. The business’s revenue for the quarter 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 forecast that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Insider Activity at Fortinet

In other Fortinet news, VP Michael Xie sold 343,106 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president owned 10,210,282 shares of the company’s stock, valued at approximately $831,321,160.44. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ken Xie sold 175,737 shares of the business’s 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 $14,308,506.54. Following the sale, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at $4,184,693,666.70. This represents a 0.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 17.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FTNT shares. Barclays set a $88.00 price target on shares of Fortinet in a research report on Tuesday, February 3rd. Robert W. Baird set a $90.00 price objective on shares of Fortinet in a research report on Friday, February 6th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 target price on shares of Fortinet in a report on Monday, November 24th. Sanford C. Bernstein restated a “market perform” rating and set a $83.00 price target on shares of Fortinet in a research note on Friday, February 6th. Finally, Evercore set a $80.00 price objective on Fortinet in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $88.62.

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.