Fortinet, Inc. $FTNT Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB raised its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 286,259 shares of the software maker’s stock after buying an additional 23,219 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Fortinet were worth $22,732,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of Fortinet by 2.2% in the fourth quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock valued at $976,000 after acquiring an additional 221 shares in the last quarter. Bison Wealth LLC purchased a new stake in Fortinet during the 4th quarter worth about $585,000. AlphaCore Capital LLC acquired a new position in Fortinet in the 2nd quarter valued at about $87,000. Charles Schwab Investment Management Inc. lifted its holdings in Fortinet by 2.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,241,506 shares of the software maker’s stock valued at $448,412,000 after purchasing an additional 89,909 shares in the last quarter. Finally, Cynosure Group LLC boosted its stake in shares of Fortinet by 26.3% during the 2nd quarter. Cynosure Group LLC now owns 4,585 shares of the software maker’s stock worth $485,000 after purchasing an additional 954 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Transactions at Fortinet

In other news, CEO Ken Xie sold 175,737 shares of Fortinet stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $14,308,506.54. Following the transaction, the chief executive officer directly owned 51,396,385 shares of the company’s stock, valued at $4,184,693,666.70. The trade was a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Michael Xie sold 343,106 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $27,935,690.52. Following the sale, the vice president 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. The SEC filing for this sale provides additional information. Company insiders own 18.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FTNT. Barclays set a $88.00 price target on shares of Fortinet in a report on Tuesday, February 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Fortinet in a research report on Monday, December 29th. Stifel Nicolaus set a $85.00 price target on Fortinet in a report on Wednesday, March 11th. Scotiabank lowered Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price target on the stock. in a research note on Monday, February 2nd. Finally, Evercore set a $80.00 price objective on Fortinet in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-two have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fortinet currently has an average rating of “Hold” and a consensus target price of $88.62.

Fortinet Stock Performance

NASDAQ:FTNT opened at $82.77 on Tuesday. The company has a market cap of $61.24 billion, a P/E ratio of 34.06, a P/E/G ratio of 2.81 and a beta of 1.05. The firm’s 50 day moving average is $81.18 and its two-hundred day moving average is $81.93. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $109.33. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Analysts expect 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.