Nykredit A S Takes $46.62 Million Position in Fortinet, Inc. $FTNT

Posted by Francis Steltz on Sep 3rd, 2026

Nykredit A S bought a new stake in shares of Fortinet, Inc. (NASDAQ:FTNT – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 303,490 shares of the software maker’s stock, valued at approximately $46,622,000.

A number of other hedge funds have also recently bought and sold shares of the company. Physician Wealth Advisors Inc. raised its position in Fortinet by 408.3% in the first quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock worth $25,000 after acquiring an additional 245 shares in the last quarter. Dunhill Financial LLC bought a new position in shares of Fortinet during the 2nd quarter valued at about $25,000. Burk Holdings LLC bought a new position in shares of Fortinet during the 2nd quarter valued at about $25,000. Wexford Capital LP acquired a new position in shares of Fortinet in the 3rd quarter worth approximately $25,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Fortinet in the 4th quarter worth approximately $27,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortinet

In other Fortinet news, VP Michael Xie sold 3,121 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $162.63, for a total transaction of $507,568.23. Following the transaction, the vice president directly owned 9,918,360 shares in the company, valued at $1,613,022,886.80. This trade represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 161,482 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $162.66, for a total value of $26,266,662.12. Following the completion of the sale, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at $8,616,486,029.52. This represents a 0.30% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.

Fortinet Price Performance

NASDAQ FTNT opened at $154.54 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $113.39 billion, a PE ratio of 54.42, a price-to-earnings-growth ratio of 3.07 and a beta of 1.06. The company has a 50 day moving average price of $158.65 and a two-hundred day moving average price of $122.26. Fortinet, Inc. has a 12-month low of $73.55 and a 12-month high of $173.89.

Fortinet (NASDAQ:FTNT – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The software maker reported $0.90 EPS for the quarter, topping the consensus estimate of $0.75 by $0.15. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.89 billion. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. Fortinet’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business 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, equities analysts predict that Fortinet, Inc. will post 3.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FTNT shares. BTIG Research increased their target price on shares of Fortinet from $186.00 to $203.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Mizuho set a $125.00 price target on shares of Fortinet and gave the stock an “underperform” rating in a research report on Wednesday, July 15th. Stifel Nicolaus set a $175.00 price target on Fortinet and gave the company a “hold” rating in a report on Thursday, July 30th. Citigroup raised their price objective on Fortinet from $165.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Finally, Piper Sandler restated a “neutral” rating and issued a $175.00 target price (up from $110.00) on shares of Fortinet in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twenty have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fortinet presently has an average rating of “Hold” and an average target price of $150.91.

Check Out Our Latest Research Report on Fortinet

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.