Universal Beteiligungs und Servicegesellschaft mbH Decreases Stake in Fortinet, Inc. $FTNT

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 21.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 829,381 shares of the software maker’s stock after selling 224,654 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Fortinet worth $69,734,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FTNT. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Fortinet by 6.8% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,305,352 shares of the software maker’s stock valued at $137,800,000 after acquiring an additional 82,937 shares in the last quarter. Warther Private Wealth LLC boosted its stake in shares of Fortinet by 39.7% in the second quarter. Warther Private Wealth LLC now owns 182,160 shares of the software maker’s stock valued at $19,258,000 after purchasing an additional 51,750 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Fortinet by 4.7% in the third quarter. Asset Management One Co. Ltd. now owns 402,278 shares of the software maker’s stock valued at $33,824,000 after purchasing an additional 17,892 shares during the period. Cooper Financial Group acquired a new position in shares of Fortinet in the second quarter valued at approximately $2,653,000. Finally, Czech National Bank lifted its holdings in Fortinet by 6.5% during the 3rd quarter. Czech National Bank now owns 165,423 shares of the software maker’s stock worth $13,909,000 after buying an additional 10,135 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on FTNT. Hsbc Global Res downgraded shares of Fortinet from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. TD Cowen lowered their target price on Fortinet from $105.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. restated an “underweight” rating and set a $75.00 price target (down previously from $85.00) on shares of Fortinet in a report on Wednesday, December 17th. Royal Bank Of Canada decreased their price objective on Fortinet from $95.00 to $85.00 and set a “sector perform” rating for the company in a research note on Thursday, November 6th. Finally, Robert W. Baird decreased their price target on shares of Fortinet from $90.00 to $86.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $90.04.

Insiders Place Their Bets

In other news, CEO Ken Xie sold 158,485 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $86.51, for a total value of $13,710,537.35. Following the completion of the sale, the chief executive officer directly owned 51,391,879 shares of the company’s stock, valued at approximately $4,445,911,452.29. The trade was a 0.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael Xie sold 3,546 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $86.53, for a total value of $306,835.38. Following the completion of the sale, the vice president directly owned 10,492,018 shares of the company’s stock, valued at approximately $907,874,317.54. This trade represents a 0.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 18.00% of the stock is owned by insiders.

Fortinet Stock Performance

Shares of FTNT opened at $75.46 on Wednesday. The stock has a 50 day moving average price of $80.35 and a 200 day moving average price of $84.76. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $56.12 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. Fortinet, Inc. has a 52-week low of $70.12 and a 52-week high of $114.82.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. Fortinet had a net margin of 28.58% and a return on equity of 118.27%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the company earned $0.63 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Fortinet has set its FY 2025 guidance at 2.660-2.700 EPS and its Q4 2025 guidance at 0.730-0.750 EPS. Research analysts predict that Fortinet, Inc. will post 2.09 EPS for the current fiscal 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.