Fortinet, Inc. $FTNT Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lessened its stake in Fortinet, Inc. (NASDAQ:FTNT) by 93.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,714 shares of the software maker’s stock after selling 174,525 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Fortinet were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of FTNT. PDS Planning Inc lifted its holdings in Fortinet by 3.1% in the 4th quarter. PDS Planning Inc now owns 4,110 shares of the software maker’s stock worth $326,000 after buying an additional 123 shares during the period. Delta Investment Management LLC lifted its holdings in Fortinet by 2.4% in the 4th quarter. Delta Investment Management LLC now owns 5,250 shares of the software maker’s stock worth $417,000 after buying an additional 125 shares during the period. Fiduciary Trust Co lifted its holdings in Fortinet by 1.2% in the 3rd quarter. Fiduciary Trust Co now owns 10,823 shares of the software maker’s stock worth $910,000 after buying an additional 130 shares during the period. Optimist Retirement Group LLC lifted its holdings in Fortinet by 2.9% in the 3rd quarter. Optimist Retirement Group LLC now owns 4,888 shares of the software maker’s stock worth $411,000 after buying an additional 140 shares during the period. Finally, L2 Asset Management LLC lifted its holdings in Fortinet by 5.1% in the 3rd quarter. L2 Asset Management LLC now owns 2,992 shares of the software maker’s stock worth $252,000 after buying an additional 145 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insider Buying and Selling

In related news, VP Michael Xie sold 2,478 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $88.89, for a total transaction of $220,269.42. Following the completion of the transaction, the vice president owned 9,927,517 shares of the company’s stock, valued at $882,456,986.13. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 5,355 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $88.90, for a total value of $476,059.50. Following the transaction, the chief executive officer directly owned 52,978,004 shares of the company’s stock, valued at approximately $4,709,744,555.60. This trade represents a 0.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. 17.60% of the stock is owned by company insiders.

Fortinet Stock Up 0.8%

Shares of NASDAQ:FTNT opened at $122.78 on Friday. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $123.33. The firm has a market capitalization of $89.95 billion, a P/E ratio of 47.41, a P/E/G ratio of 3.38 and a beta of 0.92. The stock has a 50 day moving average price of $87.51 and a 200-day moving average price of $83.37. 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 (NASDAQ:FTNT) last announced its earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.20. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the company earned $0.58 EPS. The business’s revenue was up 20.1% compared to the same quarter last year. 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, equities research analysts anticipate that Fortinet, Inc. will post 2.77 EPS for the current fiscal year.

Analysts Set New Price Targets

FTNT has been the subject of several research analyst reports. Weiss Ratings upgraded Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Piper Sandler increased their price objective on Fortinet from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. BTIG Research upgraded Fortinet from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Thursday, May 7th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $83.00 price objective on shares of Fortinet in a report on Friday, February 6th. Finally, Compass Point set a $100.00 price objective on Fortinet in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-three have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $100.45.

Trending Headlines about Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Zacks highlighted Fortinet as one of several security stocks benefiting from surging demand for cybersecurity solutions as companies accelerate digital transformation and cloud migration. 4 Security Stocks to Focus on From a Flourishing Industry
• Positive Sentiment: Scotiabank raised its FY2026 EPS estimate for Fortinet to $2.76 from $2.62, which can support investor confidence in earnings power even though the firm kept a Sector Perform rating and a $110 target.
• Positive Sentiment: Multiple market write-ups pointed to Fortinet’s strong Q1 beat, AI-driven demand, and institutional buying as reasons the stock has maintained strong momentum after earnings. Fortinet Stock’s Momentum Score Skyrockets As AI-Driven Q1 Beat Ignites Rally
• Neutral Sentiment: Scotiabank also trimmed its FY2027 EPS estimate to $2.95 from $3.02, which is a mild headwind but not enough to offset the more upbeat near-term outlook.
• Neutral Sentiment: Fortinet was mentioned in broader cybersecurity and market commentary alongside peers such as CrowdStrike and Okta, reinforcing sector strength rather than providing company-specific news.

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.