Fortinet, Inc. $FTNT Shares Sold by Stephens Investment Management Group LLC

Posted by Brian Himes on Jul 6th, 2026

Stephens Investment Management Group LLC trimmed its holdings in Fortinet, Inc. (NASDAQ:FTNT – Free Report) by 20.7% during the first quarter, Holdings Channel.com reports. The fund owned 71,759 shares of the software maker’s stock after selling 18,691 shares during the period. Stephens Investment Management Group LLC’s holdings in Fortinet were worth $5,864,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Optimist Retirement Group LLC raised its position in Fortinet by 2.5% during the fourth quarter. Optimist Retirement Group LLC now owns 5,010 shares of the software maker’s stock worth $398,000 after acquiring an additional 122 shares during the last quarter. PDS Planning Inc increased its stake in shares of Fortinet by 3.1% during the 4th quarter. PDS Planning Inc now owns 4,110 shares of the software maker’s stock worth $326,000 after purchasing an additional 123 shares in the last quarter. GW&K Investment Management LLC increased its stake in shares of Fortinet by 31.4% during the 4th quarter. GW&K Investment Management LLC now owns 515 shares of the software maker’s stock worth $41,000 after purchasing an additional 123 shares in the last quarter. Delta Investment Management LLC raised its position in shares of Fortinet by 2.4% during the 4th quarter. Delta Investment Management LLC now owns 5,250 shares of the software maker’s stock worth $417,000 after purchasing an additional 125 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its stake in Fortinet by 2.0% in the 4th quarter. Catalyst Capital Advisors LLC now owns 6,459 shares of the software maker’s stock valued at $513,000 after buying an additional 128 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Fortinet Stock Performance

Shares of NASDAQ:FTNT opened at $156.25 on Monday. The business has a 50-day moving average of $130.25 and a two-hundred day moving average of $98.30. The firm has a market capitalization of $114.48 billion, a PE ratio of 60.33, a P/E/G ratio of 4.28 and a beta of 1.09. 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, Inc. has a 12 month low of $70.12 and a 12 month high of $159.80.

Fortinet (NASDAQ:FTNT – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, beating 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 business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the company posted $0.58 EPS. The company’s 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. As a group, research analysts forecast that Fortinet, Inc. will post 2.78 earnings per share for the current year.

Insider Activity at Fortinet

In other Fortinet news, CEO Ken Xie sold 160,632 shares of Fortinet stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $145.58, for a total transaction of $23,384,806.56. Following the transaction, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at $7,711,717,915.76. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,907 shares of the business’s 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 owned 9,923,610 shares of the company’s stock, valued at approximately $1,453,213,448.40. This 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. Over the last quarter, insiders have sold 318,387 shares of company stock worth $43,403,063. Company insiders own 17.60% of the company’s stock.

Analyst Ratings Changes

FTNT has been the subject of several recent research reports. DZ Bank downgraded Fortinet from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Tuesday, May 19th. Mizuho lifted their price objective on Fortinet from $70.00 to $86.00 and gave the stock an “underperform” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $100.00 target price on shares of Fortinet in a research note on Thursday, May 7th. Stephens set a $115.00 target price on shares of Fortinet and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Zacks Research cut shares of Fortinet from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $107.58.

View Our Latest Report on Fortinet

Fortinet Profile

(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.