Fairtree Asset Management Pty Ltd Purchases 19,891 Shares of Fortinet, Inc. $FTNT

Posted by Brenda Bartman on May 20th, 2026

Fairtree Asset Management Pty Ltd raised its holdings in Fortinet, Inc. (NASDAQ:FTNT – Free Report) by 106.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,622 shares of the software maker’s stock after acquiring an additional 19,891 shares during the period. Fortinet comprises about 1.4% of Fairtree Asset Management Pty Ltd’s investment portfolio, making the stock its 21st largest holding. Fairtree Asset Management Pty Ltd’s holdings in Fortinet were worth $3,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FTNT. Pinnacle Holdings LLC acquired a new position in shares of Fortinet during the third quarter worth about $25,000. Ameriflex Group Inc. acquired a new stake in shares of Fortinet in the 3rd quarter valued at approximately $25,000. Wexford Capital LP bought a new position in shares of Fortinet in the 3rd quarter valued at about $25,000. Elyxium Wealth LLC bought a new position in Fortinet during the fourth quarter worth about $27,000. Finally, Palisade Asset Management LLC bought a new position in shares of Fortinet during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Trending Headlines about Fortinet

Here are the key news stories impacting Fortinet this week:

Positive Sentiment: Fortinet said AI-related security demand is accelerating, which is supporting stronger sales momentum and leading management to lift guidance. Fortinet Rides AI-Led Surge to Lift Guidance
Positive Sentiment: Analyst commentary continues to frame FTNT as a strong momentum name, citing billings growth, margin strength, and favorable estimate revisions tied to AI and SASE demand. Here’s Why Fortinet (FTNT) is a Strong Momentum Stock
Positive Sentiment: Another bullish note argues Fortinet looks like the better cybersecurity buy versus Zscaler because of AI and SASE tailwinds and ongoing demand strength. Zscaler vs. Fortinet: Which Cybersecurity Stock Is the Better Buy?
Neutral Sentiment: Fortinet also presented at J.P. Morgan’s Global Technology, Media and Communications Conference, which may have helped reinforce its growth story but did not include a clearly new catalyst. Fortinet, Inc. (FTNT) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
Negative Sentiment: DZ Bank downgraded Fortinet from Buy to Hold and set a $125 price target, signaling some caution on valuation and contributing pressure on the shares. Finviz report

Insider Transactions at Fortinet

In other news, VP Michael Xie sold 2,478 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $88.89, for a total transaction of $220,269.42. Following the completion of the sale, the vice president directly owned 9,927,517 shares of the company’s stock, valued at $882,456,986.13. This trade represents a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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. Also, CEO Ken Xie sold 5,355 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $88.90, for a total transaction of $476,059.50. Following the sale, the chief executive officer owned 52,978,004 shares of the company’s stock, valued at $4,709,744,555.60. This trade represents a 0.01% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 17.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Jefferies Financial Group set a $90.00 target price on shares of Fortinet in a report on Friday, February 6th. Wells Fargo & Company reissued an “underweight” rating and set a $70.00 target price (up from $64.00) on shares of Fortinet in a report on Thursday, May 7th. Oppenheimer reissued a “market perform” rating on shares of Fortinet in a research note on Friday, January 23rd. Scotiabank lifted their target price on Fortinet from $85.00 to $110.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $87.00 target price on shares of Fortinet in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-four have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fortinet has a consensus rating of “Hold” and an average price target of $101.83.

Get Our Latest Stock Analysis on FTNT

Fortinet Stock Up 0.9%

Shares of NASDAQ FTNT opened at $127.64 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.07. The company has a 50-day moving average price of $89.23 and a 200-day moving average price of $83.95. The stock has a market capitalization of $93.52 billion, a P/E ratio of 49.28, a P/E/G ratio of 3.48 and a beta of 0.92. Fortinet, Inc. has a 1 year low of $70.12 and a 1 year high of $128.20.

Fortinet (NASDAQ:FTNT – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 EPS for the quarter, topping 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 period in the prior year, the business posted $0.58 earnings per share. The company’s quarterly revenue 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. On average, equities research analysts forecast that Fortinet, Inc. will post 2.77 EPS for the current fiscal year.

About Fortinet

(Free Report)

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.

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Institutional Ownership by Quarter for Fortinet (NASDAQ:FTNT)

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