3,524 Shares in Fortinet, Inc. $FTNT Purchased by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. bought a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,524 shares of the software maker’s stock, valued at approximately $630,000.

Several other institutional investors and hedge funds have also made changes to their positions in FTNT. BlackRock Inc. purchased a new stake in Fortinet during the 2nd quarter worth $9,561,650,000. Bank of New York Mellon Corp purchased a new position in Fortinet in the 2nd quarter valued at about $1,432,842,000. Legal & General Group Plc acquired a new stake in shares of Fortinet during the second quarter valued at about $979,062,000. First Trust Advisors LP grew its stake in shares of Fortinet by 45.5% during the first quarter. First Trust Advisors LP now owns 11,506,173 shares of the software maker’s stock valued at $940,284,000 after acquiring an additional 3,598,487 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Fortinet by 87.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 9,651,024 shares of the software maker’s stock valued at $788,682,000 after acquiring an additional 4,500,194 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Michael Xie sold 3,121 shares of Fortinet stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $162.63, for a total transaction of $507,568.23. Following the transaction, the vice president directly owned 9,918,360 shares of the company’s stock, valued at $1,613,022,886.80. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, CEO Ken Xie sold 161,482 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $162.66, for a total transaction of $26,266,662.12. Following the completion of the sale, the chief executive officer owned 52,972,372 shares in the company, valued at approximately $8,616,486,029.52. This trade represents a 0.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 221,303 shares of company stock worth $36,164,034 over the last 90 days. 17.60% of the stock is currently owned by company insiders.

Fortinet Price Performance

Shares of NASDAQ:FTNT opened at $174.08 on Thursday. The stock has a market cap of $127.72 billion, a price-to-earnings ratio of 61.30, a PEG ratio of 3.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.28 and a quick ratio of 1.19. Fortinet, Inc. has a 12 month low of $73.55 and a 12 month high of $197.13. The stock’s 50 day moving average price is $171.91 and its 200 day moving average price is $127.69.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Wednesday, October 28th. The software maker reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Fortinet had a return on equity of 191.54% and a net margin of 28.17%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the company posted $0.74 EPS. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. Equities research analysts anticipate that Fortinet, Inc. will post 3.10 earnings per share for the current fiscal year.

Key Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet reported third-quarter revenue of $2.08 billion, up approximately 20% year over year, while adjusted earnings reached $0.91 per share versus the roughly $0.85–$0.86 consensus estimate. Product revenue rose 37% to $765 million. Fortinet Reports Strong Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 revenue-growth outlook to approximately 20% and issued fourth-quarter adjusted EPS guidance of $0.93 to $0.95, indicating continued profitability and operating momentum. Fortinet Fourth-Quarter EPS Guidance
• Positive Sentiment: The board authorized an additional $1.2 billion for share repurchases, leaving $2 billion available under the program. The buyback may support per-share results and signals management’s confidence in the company’s long-term cash generation. Fortinet Adds to Share Repurchase Program
• Neutral Sentiment: Fortinet continues expanding its product portfolio with FortiLink SASE for distributed locations and FortiGuard Inline AI Security for AI-related threats. These offerings could create future recurring-revenue opportunities, but their near-term financial contribution remains uncertain. Fortinet Expands Unified SASE
• Negative Sentiment: Billings growth, a forward-looking indicator of future revenue, underwhelmed investors despite increasing 29% to $2.34 billion. Cybersecurity stocks also sold off broadly as growth slowed significantly in one of Fortinet’s business segments, raising concerns that premium valuation expectations may be difficult to sustain. Fortinet Stock Falls After Earnings

Wall Street Analysts Forecast Growth

FTNT has been the subject of several recent analyst reports. DZ Bank lowered shares of Fortinet from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Royal Bank Of Canada raised their price target on shares of Fortinet from $185.00 to $205.00 and gave the company a “sector perform” rating in a research note on Monday, October 12th. Wolfe Research set a $175.00 price objective on Fortinet in a research report on Thursday, July 30th. Susquehanna increased their price objective on Fortinet from $115.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $160.00 target price (up from $100.00) on shares of Fortinet in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $162.36.

Fortinet Profile

Fortinet, Inc develops cybersecurity products and services designed to protect networks, endpoints, applications, cloud environments and operational technology systems. The company’s portfolio includes next-generation firewalls, secure networking products, endpoint security, web application security, email security, identity and access solutions, and security information and event management tools.

Its product offerings include FortiGate network security appliances and cloud-based firewalls, along with FortiSwitch, FortiAP and FortiExtender solutions for secure connectivity.