Janus Henderson Group PLC decreased its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT – Free Report) by 60.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,305 shares of the software maker’s stock after selling 115,815 shares during the quarter. Janus Henderson Group PLC’s holdings in Fortinet were worth $6,236,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Bull Harbor Capital LLC acquired a new stake in shares of Fortinet in the first quarter valued at about $1,345,000. Strategic Planning Inc. lifted its position in Fortinet by 7.2% during the 1st quarter. Strategic Planning Inc. now owns 46,951 shares of the software maker’s stock worth $3,837,000 after acquiring an additional 3,151 shares in the last quarter. Amundi boosted its holdings in Fortinet by 6.1% in the 1st quarter. Amundi now owns 3,843,328 shares of the software maker’s stock worth $314,077,000 after acquiring an additional 221,682 shares during the period. EverSource Wealth Advisors LLC grew its position in Fortinet by 33.6% in the first quarter. EverSource Wealth Advisors LLC now owns 10,129 shares of the software maker’s stock valued at $828,000 after acquiring an additional 2,549 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Fortinet by 108.3% in the first quarter. Empowered Funds LLC now owns 157,306 shares of the software maker’s stock valued at $12,855,000 after acquiring an additional 81,778 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, VP Michael Xie sold 3,907 shares of the firm’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 value 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 trade represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO John Whittle sold 146,015 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $128.41, for a total value of $18,749,786.15. Following the transaction, the chief operating officer owned 94,724 shares of the company’s stock, valued at $12,163,508.84. This represents a 60.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 475,157 shares of company stock valued at $69,480,964 over the last quarter. Insiders own 17.60% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Analysis on FTNT
Fortinet Price Performance
Shares of FTNT opened at $160.11 on Friday. The firm has a market cap of $117.47 billion, a price-to-earnings ratio of 56.38, a PEG ratio of 3.11 and a beta of 1.07. The stock has a 50 day moving average of $153.11 and a 200-day moving average of $111.77. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $172.09.
Fortinet (NASDAQ:FTNT – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.15. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.89 billion. Fortinet had a return on equity of 191.54% and a net margin of 28.17%.The business’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 EPS. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. As a group, analysts forecast that Fortinet, Inc. will post 3.05 EPS for the current year.
Fortinet News Summary
Here are the key news stories impacting Fortinet this week:
- Positive Sentiment: Cybersecurity demand and AI-related threats support growth. Zacks highlighted Fortinet as a leading security stock, citing accelerating digital transformation, cloud migration and the growing need to defend against AI-enabled attacks. Bloomberg’s report on AI-powered “vishing” attacks targeting financial firms reinforces the long-term demand outlook. Wall Street hit by wave of AI-powered vishing cyberattacks
- Positive Sentiment: Fortinet continues to receive favorable momentum ratings. Zacks added FTNT to its Rank #1 “Strong Buy” and momentum-stock lists, while other coverage identified it as a growth-at-a-reasonable-price and momentum candidate. What Makes Fortinet a Strong Momentum Stock
- Positive Sentiment: Brand recognition and AI execution add modest support. Forrester named Fortinet the Asia-Pacific winner of its inaugural B2B Marketing AI Impact Award, recognizing its use of AI to improve marketing performance. A separate “Bull of the Day” feature also emphasized the company’s opportunity as AI expands the cybersecurity threat landscape. Forrester Recognizes Fortinet as APAC Winner
- Neutral Sentiment: Insider selling was limited and pre-planned. Vice President Michael Xie sold approximately $508,000 of shares under a Rule 10b5-1 plan to cover tax obligations. The transaction reduced his holdings by only 0.03%, making it unlikely to signal a change in business outlook. Fortinet Insider Selling
- Negative Sentiment: Valuation and analyst caution are key risks. Seeking Alpha downgraded Fortinet to a Hold, while the broader analyst consensus remains Hold with a target below recent trading levels. At roughly 56 times earnings, investors may be taking profits after the stock’s substantial advance, particularly if growth or margins moderate. Downgrading Fortinet: Key Factors for a Hold Recommendation
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.
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