ABN Amro Investment Solutions Raises Stock Position in Fortinet, Inc. $FTNT

ABN Amro Investment Solutions lifted its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 378.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,624 shares of the software maker’s stock after buying an additional 25,800 shares during the quarter. ABN Amro Investment Solutions’ holdings in Fortinet were worth $2,591,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FTNT. Vanguard Group Inc. increased its stake in Fortinet by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock valued at $6,354,874,000 after buying an additional 2,894,355 shares during the period. Van ECK Associates Corp grew its stake in shares of Fortinet by 62.1% during the 3rd quarter. Van ECK Associates Corp now owns 5,564,558 shares of the software maker’s stock worth $467,868,000 after purchasing an additional 2,132,109 shares during the period. First Trust Advisors LP grew its stake in shares of Fortinet by 30.9% during the 3rd quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker’s stock worth $636,962,000 after purchasing an additional 1,790,033 shares during the period. Invesco Ltd. grew its stake in shares of Fortinet by 17.0% during the 3rd quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock worth $909,453,000 after purchasing an additional 1,568,337 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Fortinet by 23.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,160,348 shares of the software maker’s stock worth $430,082,000 after purchasing an additional 969,899 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Freedom Capital lowered shares of Fortinet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Wedbush restated an “outperform” rating and issued a $90.00 target price on shares of Fortinet in a report on Friday, February 6th. Stifel Nicolaus set a $85.00 target price on shares of Fortinet in a report on Wednesday, March 11th. TD Cowen restated a “buy” rating and issued a $125.00 target price (up from $100.00) on shares of Fortinet in a report on Thursday, May 7th. Finally, BTIG Research upgraded shares of Fortinet from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-four have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $101.83.

Insider Activity at Fortinet

In other Fortinet news, VP Michael Xie sold 2,478 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $88.89, for a total value of $220,269.42. Following the sale, the vice president directly owned 9,927,517 shares in the company, valued at approximately $882,456,986.13. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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, COO John Whittle sold 146,015 shares of Fortinet stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $128.41, for a total value of $18,749,786.15. Following the completion of the transaction, the chief operating officer directly owned 94,724 shares in the company, valued at $12,163,508.84. This represents a 60.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 153,848 shares of company stock worth $19,446,115 over the last ninety days. 17.60% of the stock is currently owned by corporate insiders.

Fortinet Stock Up 3.5%

FTNT stock opened at $133.93 on Friday. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $134.19. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $98.12 billion, a P/E ratio of 51.71, a PEG ratio of 3.56 and a beta of 0.92. The firm has a 50 day simple moving average of $92.07 and a 200-day simple moving average of $84.92.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.20. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 earnings per share. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. On average, equities research analysts predict that Fortinet, Inc. will post 2.77 earnings per share for the current fiscal year.

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.