Sienna Gestion Sells 6,475 Shares of Fortinet, Inc. $FTNT

Sienna Gestion reduced its position in Fortinet, Inc. (NASDAQ:FTNT) by 7.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,498 shares of the software maker’s stock after selling 6,475 shares during the period. Sienna Gestion’s holdings in Fortinet were worth $6,273,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Pinnacle Holdings LLC acquired a new stake in Fortinet in the 3rd quarter worth approximately $25,000. Ameriflex Group Inc. acquired a new stake in Fortinet in the 3rd quarter worth approximately $25,000. Wexford Capital LP acquired a new stake in Fortinet in the 3rd quarter worth approximately $25,000. Elyxium Wealth LLC acquired a new stake in Fortinet in the 4th quarter worth approximately $27,000. Finally, Palisade Asset Management LLC acquired a new stake in Fortinet in the 3rd quarter worth approximately $28,000. 83.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Fortinet news, CEO Ken Xie sold 160,632 shares of Fortinet stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $145.58, for a total transaction of $23,384,806.56. Following the sale, the chief executive officer owned 52,972,372 shares of the company’s stock, valued at $7,711,717,915.76. The trade was a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,907 shares of Fortinet stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $146.44, for a total transaction of $572,141.08. Following the sale, the vice president directly owned 9,923,610 shares in the company, valued at approximately $1,453,213,448.40. This trade represents a 0.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 318,387 shares of company stock valued at $43,403,063 in the last 90 days. 17.60% of the stock is owned by insiders.

Fortinet Price Performance

Shares of NASDAQ FTNT opened at $149.49 on Tuesday. The firm has a market cap of $109.52 billion, a PE ratio of 57.72, a PEG ratio of 4.01 and a beta of 1.11. The firm has a fifty day moving average of $111.14 and a 200 day moving average of $91.64. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.15. Fortinet, Inc. has a one year low of $70.12 and a one year high of $150.07.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.62 by $0.20. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.73 billion. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 EPS. 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, research analysts predict that Fortinet, Inc. will post 2.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Arete Research set a $104.00 target price on shares of Fortinet and gave the stock a “buy” rating in a research note on Monday, April 27th. Compass Point set a $100.00 price target on shares of Fortinet in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $100.00 price target on shares of Fortinet in a research report on Thursday, May 7th. Susquehanna raised their price target on shares of Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Rosenblatt Securities raised their price target on shares of Fortinet from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $107.77.

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.