Mn Services Vermogensbeheer B.V. Raises Position in Fortinet, Inc. $FTNT

Mn Services Vermogensbeheer B.V. increased its stake in Fortinet, Inc. (NASDAQ:FTNT) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 255,714 shares of the software maker’s stock after purchasing an additional 9,424 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Fortinet were worth $20,306,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Holdings LLC bought a new stake in shares of Fortinet in the third quarter valued at $25,000. Financial Consulate Inc. purchased a new position in shares of Fortinet during the 3rd quarter valued at $25,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Fortinet during the 3rd quarter worth $25,000. Ameriflex Group Inc. bought a new position in shares of Fortinet during the 3rd quarter worth $25,000. Finally, Wexford Capital LP purchased a new stake in Fortinet in the 3rd quarter worth about $25,000. 83.71% of the stock is owned by institutional investors.

Fortinet Stock Up 3.4%

Shares of NASDAQ FTNT opened at $81.72 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. The company has a market cap of $60.47 billion, a P/E ratio of 33.63, a P/E/G ratio of 2.73 and a beta of 1.05. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $109.33. The business has a 50-day simple moving average of $81.60 and a two-hundred day simple moving average of $81.93.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings results 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. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Research analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the sale, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. This represents a 0.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michael Xie sold 343,106 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the completion of the sale, the vice president owned 10,210,282 shares in the company, valued at $831,321,160.44. This represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 18.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Freedom Capital downgraded shares of Fortinet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Morgan Stanley reiterated an “underweight” rating and issued a $70.00 target price (up from $66.00) on shares of Fortinet in a research note on Thursday, December 18th. Rosenblatt Securities boosted their price target on shares of Fortinet from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 6th. TD Cowen upgraded shares of 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, Barclays set a $88.00 price objective on shares of Fortinet in a report on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $87.84.

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.