Krane Funds Advisors LLC Makes New $1.53 Million Investment in Fortinet, Inc. $FTNT

Posted by Brian Himes on Jun 8th, 2026

Krane Funds Advisors LLC bought a new position in Fortinet, Inc. (NASDAQ:FTNT – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,200 shares of the software maker’s stock, valued at approximately $1,525,000.

Several other institutional investors and hedge funds have also made changes to their positions in FTNT. Expressive Wealth LLC bought a new position in Fortinet in the 4th quarter worth about $646,000. Trilogy Capital Inc. raised its holdings in shares of Fortinet by 46.8% during the fourth quarter. Trilogy Capital Inc. now owns 44,152 shares of the software maker’s stock valued at $3,506,000 after buying an additional 14,076 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of Fortinet during the fourth quarter valued at approximately $10,422,000. Victory Capital Management Inc. boosted its position in shares of Fortinet by 5.8% during the third quarter. Victory Capital Management Inc. now owns 1,651,683 shares of the software maker’s stock worth $138,874,000 after buying an additional 90,284 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in Fortinet in the 4th quarter worth approximately $14,638,000. 83.71% of the stock is owned by institutional investors and hedge funds.

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.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Arete Research set a $104.00 target price on Fortinet and gave the company a “buy” rating in a research note on Monday, April 27th. TD Cowen restated a “buy” rating and set a $125.00 price objective (up from $100.00) on shares of Fortinet in a research note on Thursday, May 7th. DZ Bank downgraded shares of Fortinet from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Tuesday, May 19th. Susquehanna increased their target price on shares of Fortinet from $90.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Fortinet from $73.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $102.69.

Read Our Latest Research Report on FTNT

Insider Activity

In other Fortinet news, CEO Ken Xie sold 160,632 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $145.58, for a total value of $23,384,806.56. Following the completion of the transaction, the chief executive officer directly owned 52,972,372 shares in the company, valued at $7,711,717,915.76. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,907 shares of Fortinet 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 completion of the transaction, the vice president directly owned 9,923,610 shares in the company, valued at approximately $1,453,213,448.40. This trade represents a 0.04% 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. Insiders sold a total of 318,387 shares of company stock valued at $43,403,063 over the last three months. Insiders own 17.60% of the company’s stock.

Fortinet Price Performance

NASDAQ FTNT opened at $144.68 on Monday. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $150.07. The company has a market capitalization of $106.00 billion, a P/E ratio of 55.86, a PEG ratio of 3.96 and a beta of 1.11. The company’s 50 day simple moving average is $103.59 and its 200 day simple moving average is $88.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.15 and a quick ratio of 1.07.

Fortinet (NASDAQ:FTNT – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The software maker reported $0.82 earnings per share (EPS) 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 net margin of 27.49% and a return on equity of 160.08%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business 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 research analysts expect that Fortinet, Inc. will post 2.78 earnings per share 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.