Eurizon Capital SGR S.p.A. Invests $14.64 Million in Fortinet, Inc. $FTNT

Eurizon Capital SGR S.p.A. bought a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 184,099 shares of the software maker’s stock, valued at approximately $14,638,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pinnacle Holdings LLC acquired a new position in Fortinet during the third quarter valued at $25,000. Ameriflex Group Inc. acquired a new position in Fortinet during the third quarter valued at $25,000. Wexford Capital LP acquired a new position in Fortinet during the third quarter valued at $25,000. Elyxium Wealth LLC acquired a new position in Fortinet during the fourth quarter valued at $27,000. Finally, Palisade Asset Management LLC acquired a new position in Fortinet during the third quarter valued at $28,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Fortinet Price Performance

Shares of NASDAQ:FTNT opened at $137.97 on Monday. The business has a 50 day moving average price of $96.96 and a 200 day moving average price of $86.65. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $138.11. The company has a market cap of $101.08 billion, a price-to-earnings ratio of 53.27, a PEG ratio of 3.80 and a beta of 1.11. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50.

Fortinet (NASDAQ:FTNT) last announced its earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, beating 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 the consensus estimate of $1.73 billion. During the same quarter in the prior year, the company earned $0.58 EPS. The firm’s revenue for the quarter 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. Research analysts predict that Fortinet, Inc. will post 2.77 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on FTNT. Robert W. Baird set a $115.00 price target on Fortinet in a research report on Thursday, May 7th. Morgan Stanley reissued an “underweight” rating and set a $80.00 price target on shares of Fortinet in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $100.00 price target on shares of Fortinet in a research report on Thursday, May 7th. Rosenblatt Securities upped their price target on Fortinet from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Mizuho upped their target price on Fortinet from $70.00 to $86.00 and gave the stock an “underperform” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-four have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Fortinet currently has a consensus rating of “Hold” and a consensus price target of $102.69.

Insider Activity at Fortinet

In other Fortinet news, COO John Whittle sold 146,015 shares of the company’s stock in a transaction that occurred on 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 owned 94,724 shares of the company’s stock, valued at $12,163,508.84. This represents a 60.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Michael Xie sold 2,478 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $88.89, for a total value of $220,269.42. Following the completion of the transaction, the vice president directly owned 9,927,517 shares of the company’s stock, valued at approximately $882,456,986.13. This trade represents a 0.02% 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. Insiders sold a total of 153,848 shares of company stock worth $19,446,115 in the last 90 days. 17.60% of the stock is owned by company insiders.

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.