BI Asset Management Fondsmaeglerselskab A S Has $26.47 Million Stake in Fortinet, Inc. $FTNT

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Fortinet, Inc. (NASDAQ:FTNT) by 568.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 333,307 shares of the software maker’s stock after purchasing an additional 283,439 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Fortinet were worth $26,468,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. OneAscent Financial Services LLC increased its holdings in Fortinet by 11.3% in the fourth quarter. OneAscent Financial Services LLC now owns 3,887 shares of the software maker’s stock worth $309,000 after buying an additional 395 shares during the last quarter. Pinebridge Investments LLC acquired a new position in Fortinet in the fourth quarter worth approximately $48,361,000. WINTON GROUP Ltd acquired a new position in Fortinet in the fourth quarter worth approximately $524,000. Parallel Advisors LLC increased its holdings in Fortinet by 5.0% in the fourth quarter. Parallel Advisors LLC now owns 7,149 shares of the software maker’s stock worth $568,000 after buying an additional 341 shares during the last quarter. Finally, Lifestyle Asset Management Inc. increased its holdings in Fortinet by 9.8% in the fourth quarter. Lifestyle Asset Management Inc. now owns 22,813 shares of the software maker’s stock worth $1,812,000 after buying an additional 2,033 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Fortinet Stock Down 3.3%

NASDAQ:FTNT opened at $144.68 on Friday. The firm has a market capitalization of $106.00 billion, a price-to-earnings ratio of 55.86, a price-to-earnings-growth ratio of 4.10 and a beta of 1.11. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $150.07. The stock’s 50 day moving average price is $103.59 and its two-hundred day moving average price is $88.89. 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 posted its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.20. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 EPS. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Equities research analysts expect that Fortinet, Inc. will post 2.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on FTNT shares. Rosenblatt Securities increased their price objective on Fortinet from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Zacks Research raised Fortinet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Freedom Capital lowered shares of Fortinet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. TD Cowen restated a “buy” rating and issued a $125.00 target price (up from $100.00) on shares of Fortinet in a research note on Thursday, May 7th. Finally, Scotiabank raised their target price on Fortinet from $85.00 to $110.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Two investment 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’s stock. According to MarketBeat, Fortinet has a consensus rating of “Hold” and a consensus target price of $102.69.

Insider Buying and Selling

In related news, COO John Whittle sold 146,015 shares of the business’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 transaction of $18,749,786.15. Following the transaction, the chief operating officer directly owned 94,724 shares of the company’s stock, valued at approximately $12,163,508.84. The trade was a 60.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ken Xie sold 160,632 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $145.58, for a total value of $23,384,806.56. Following the transaction, the chief executive officer directly owned 52,972,372 shares in the company, valued at $7,711,717,915.76. The trade was a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 318,387 shares of company stock valued at $43,403,063. 17.60% of the stock is owned by insiders.

Key Stories Impacting Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet’s latest quarterly results beat expectations, with EPS and revenue both coming in ahead of analyst forecasts, while management also raised full-year 2026 guidance.
• Positive Sentiment: Investors are rewarding Fortinet’s AI security push, including new AI-focused products and its positioning as a converged security and networking platform.
• Positive Sentiment: Momentum remains strong after the earnings report, with commentary noting the stock has surged substantially over the past month and is continuing to attract attention from traders and growth investors.
• Neutral Sentiment: Recent articles focused on whether the rally can continue, highlighting valuation questions and the need for future earnings estimates to keep improving.
• Negative Sentiment: There was a small insider sale by VP Michael Xie, though it was pre-arranged under a 10b5-1 plan and therefore appears more routine than concerning.

About Fortinet

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.