Epoch Investment Partners Inc. Has $21.76 Million Stock Position in Fortinet, Inc. $FTNT

Epoch Investment Partners Inc. lifted its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT) by 16.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 273,997 shares of the software maker’s stock after acquiring an additional 38,952 shares during the period. Epoch Investment Partners Inc.’s holdings in Fortinet were worth $21,758,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Brown Advisory Inc. raised its holdings in shares of Fortinet by 0.4% during the 4th quarter. Brown Advisory Inc. now owns 95,104 shares of the software maker’s stock worth $7,552,000 after buying an additional 384 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Fortinet by 10.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,150,830 shares of the software maker’s stock worth $409,027,000 after buying an additional 506,847 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of Fortinet by 7.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 15,943 shares of the software maker’s stock worth $1,266,000 after buying an additional 1,139 shares in the last quarter. Altrafin AG acquired a new position in shares of Fortinet during the 4th quarter worth $8,188,000. Finally, FORA Capital LLC acquired a new position in shares of Fortinet during the 4th quarter worth $5,923,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insider Buying and Selling at Fortinet

In other Fortinet news, COO John Whittle sold 146,015 shares of the company’s 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 sale, the chief operating officer owned 94,724 shares in the company, valued at approximately $12,163,508.84. The trade was a 60.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Michael Xie sold 3,907 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total value of $572,141.08. Following the completion of the sale, the vice president owned 9,923,610 shares in the company, valued at $1,453,213,448.40. This trade represents a 0.04% decrease in their position. 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 quarter, insiders have sold 318,387 shares of company stock worth $43,403,063. Insiders own 17.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Compass Point set a $100.00 price objective on Fortinet in a research report on Monday, May 4th. Morgan Stanley restated an “underweight” rating and set a $80.00 price objective on shares of Fortinet in a research report on Thursday, May 7th. Freedom Capital lowered Fortinet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. BTIG Research boosted their price objective on Fortinet from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $70.00 price objective (up from $64.00) on shares of Fortinet in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-four have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $107.77.

Fortinet Stock Performance

Shares of FTNT stock opened at $146.30 on Monday. The stock’s fifty day simple moving average is $109.80 and its 200 day simple moving average is $91.16. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $150.07. The firm has a market capitalization of $107.19 billion, a P/E ratio of 56.49, a P/E/G ratio of 4.01 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 released its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the company posted $0.58 EPS. The business’s revenue was up 20.1% on a year-over-year basis. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, sell-side analysts predict that Fortinet, Inc. will post 2.78 EPS for the current fiscal year.

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.