Fortinet, Inc. $FTNT Shares Sold by CCLA Investment Management

CCLA Investment Management decreased its position in Fortinet, Inc. (NASDAQ:FTNT) by 15.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,253,998 shares of the software maker’s stock after selling 232,660 shares during the quarter. CCLA Investment Management’s holdings in Fortinet were worth $99,554,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Allstate Corp acquired a new position in Fortinet in the 3rd quarter valued at $2,034,000. Asset Management One Co. Ltd. raised its holdings in Fortinet by 4.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 402,278 shares of the software maker’s stock valued at $33,824,000 after acquiring an additional 17,892 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Fortinet by 465.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 756,651 shares of the software maker’s stock valued at $64,255,000 after acquiring an additional 622,809 shares during the last quarter. Machina Capital S.A.S. acquired a new position in Fortinet in the 3rd quarter valued at $1,177,000. Finally, Victory Capital Management Inc. raised its holdings in Fortinet by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,651,683 shares of the software maker’s stock valued at $138,874,000 after acquiring an additional 90,284 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Stock Down 0.3%

Shares of FTNT opened at $83.51 on Thursday. The firm has a market cap of $61.79 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 2.85 and a beta of 1.00. The company’s fifty day moving average is $81.88 and its two-hundred day moving average is $81.98. 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 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.07. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous 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. Analysts forecast that Fortinet, Inc. will post 2.09 earnings per share for the current year.

Analyst Ratings Changes

FTNT has been the topic of a number of research analyst reports. UBS Group reissued a “neutral” rating and issued a $90.00 price target on shares of Fortinet in a research note on Friday, February 6th. Citigroup reissued a “neutral” rating and issued a $90.00 price target (up from $85.00) on shares of Fortinet in a research note on Monday, February 9th. Freedom Capital lowered Fortinet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. TD Cowen raised Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Friday, January 23rd. Finally, 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. Five investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Fortinet presently has an average rating of “Hold” and a consensus target price of $87.84.

Insider Activity

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 Fortinet stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the transaction, the vice president owned 10,210,282 shares in the company, 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. Insiders own 17.20% of the company’s stock.

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.