Vinva Investment Management Ltd Cuts Position in Fortinet, Inc. $FTNT

Vinva Investment Management Ltd cut its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 51.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,855 shares of the software maker’s stock after selling 22,263 shares during the period. Vinva Investment Management Ltd’s holdings in Fortinet were worth $1,765,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Norges Bank bought a new position in Fortinet in the 2nd quarter valued at $1,640,900,000. 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 during the period. First Trust Advisors LP boosted its holdings in shares of Fortinet by 30.9% in the 3rd quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker’s stock worth $636,962,000 after buying an additional 1,790,033 shares during the last quarter. State Street Corp boosted its holdings in shares of Fortinet by 3.0% in the 2nd quarter. State Street Corp now owns 29,183,161 shares of the software maker’s stock worth $3,085,244,000 after buying an additional 862,468 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Fortinet by 28.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,846,164 shares of the software maker’s stock valued at $323,386,000 after buying an additional 858,723 shares during the period. 83.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FTNT shares. Morgan Stanley restated an “underweight” rating and set a $70.00 price objective (up from $66.00) on shares of Fortinet in a report on Thursday, December 18th. Wedbush reissued an “outperform” rating and set a $90.00 target price on shares of Fortinet in a research report on Friday, February 6th. Truist Financial set a $88.00 price target on shares of Fortinet in a research note on Tuesday, January 20th. Rosenblatt Securities lifted their price target on shares of Fortinet from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $87.00 price objective on shares of Fortinet in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $88.62.

Insider Buying and Selling at Fortinet

In related news, 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 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 approximately $4,184,693,666.70. This represents a 0.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $27,935,690.52. Following the transaction, the vice president directly owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. The trade was a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 18.00% of the company’s stock.

Fortinet Price Performance

Shares of NASDAQ:FTNT opened at $83.81 on Tuesday. The firm has a market capitalization of $62.01 billion, a PE ratio of 34.49, a P/E/G ratio of 2.89 and a beta of 1.05. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $80.29 and a two-hundred day moving average price of $81.55. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $109.33.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. Fortinet’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company posted $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. Equities analysts forecast that Fortinet, Inc. will post 2.09 EPS for the current year.

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.