Fortinet, Inc. $FTNT Shares Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA grew its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 713.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 176,572 shares of the software maker’s stock after acquiring an additional 154,875 shares during the period. Union Bancaire Privee UBP SA’s holdings in Fortinet were worth $13,597,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Insight Wealth Strategies LLC boosted its position in Fortinet by 30.4% during the fourth quarter. Insight Wealth Strategies LLC now owns 56,127 shares of the software maker’s stock worth $4,457,000 after purchasing an additional 13,099 shares in the last quarter. Triumph Capital Management acquired a new position in shares of Fortinet during the 3rd quarter worth $44,000. MRP Capital Investments LLC acquired a new position in shares of Fortinet during the 3rd quarter worth $2,505,000. Allworth Financial LP boosted its position in shares of Fortinet by 6.1% in the 3rd quarter. Allworth Financial LP now owns 19,871 shares of the software maker’s stock worth $1,671,000 after buying an additional 1,139 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Fortinet by 13.6% in the 3rd quarter. IFP Advisors Inc now owns 73,609 shares of the software maker’s stock worth $6,189,000 after buying an additional 8,802 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Buying and Selling at Fortinet

In related news, VP Michael Xie sold 343,106 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value 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. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ken Xie sold 175,737 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $14,308,506.54. Following the transaction, the chief executive officer owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This trade represents a 0.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 17.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on FTNT. Royal Bank Of Canada restated a “sector perform” rating and set a $90.00 target price (up from $85.00) on shares of Fortinet in a report on Friday, February 6th. UBS Group reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Fortinet in a report on Friday, February 6th. Oppenheimer reiterated a “market perform” rating on shares of Fortinet in a research report on Friday, January 23rd. Jefferies Financial Group set a $90.00 price objective on Fortinet in a research report on Friday, February 6th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 target price (up from $85.00) on shares of Fortinet in a research note on Monday, January 5th. One 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 company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $88.62.

Fortinet Stock Performance

Shares of FTNT opened at $83.12 on Friday. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $109.33. The company’s 50 day simple moving average is $81.06 and its 200 day simple moving average is $81.80. The company has a market capitalization of $61.50 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 2.88 and a beta of 1.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17.

Fortinet (NASDAQ:FTNT) last released its earnings results 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 net margin of 27.26% and a return on equity of 124.21%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the company earned $0.74 EPS. Fortinet’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, sell-side analysts predict that Fortinet, Inc. will post 2.09 EPS for the current 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.