Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stock Holdings in Fortinet, Inc. $FTNT

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 47.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 380,130 shares of the software maker’s stock after acquiring an additional 123,050 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Fortinet were worth $31,064,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new position in shares of Fortinet during the third quarter worth $25,000. Wexford Capital LP acquired a new stake in Fortinet during the 3rd quarter valued at $25,000. Physician Wealth Advisors Inc. grew its holdings in Fortinet by 408.3% during the 1st quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock valued at $25,000 after purchasing an additional 245 shares in the last quarter. Palisade Asset Management LLC purchased a new stake in Fortinet during the 3rd quarter worth $28,000. Finally, Elyxium Wealth LLC acquired a new position in Fortinet in the 4th quarter worth $27,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Fortinet Price Performance

FTNT opened at $156.25 on Friday. The company has a market capitalization of $114.48 billion, a P/E ratio of 60.33, a PEG ratio of 4.35 and a beta of 1.09. The company has a 50-day moving average of $128.87 and a 200-day moving average of $97.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.15. Fortinet, Inc. has a 1-year low of $70.12 and a 1-year high of $159.80.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.62 by $0.20. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last 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. Equities analysts expect that Fortinet, Inc. will post 2.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Michael Xie sold 3,907 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $146.44, for a total transaction of $572,141.08. Following the sale, the vice president directly owned 9,923,610 shares in the company, valued at approximately $1,453,213,448.40. This represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John Whittle sold 146,015 shares of the firm’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 sale, the chief operating officer directly owned 94,724 shares in the company, valued at approximately $12,163,508.84. This trade represents a 60.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 318,387 shares of company stock valued at $43,403,063 over the last quarter. Insiders own 17.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FTNT shares. Zacks Research cut shares of Fortinet from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. HSBC cut Fortinet from a “hold” rating to a “reduce” rating and set a $102.00 price target on the stock. in a research note on Monday. UBS Group increased their price target on Fortinet from $90.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Bank of America raised their price objective on Fortinet from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, Citigroup lifted their price objective on Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $107.58.

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.