3,782,726 Shares in Fortinet, Inc. $FTNT Bought by Deutsche Bank AG

Key Points

• Deutsche Bank AG acquired 3.78 million Fortinet shares worth approximately $581.1 million, giving it a 0.52% stake. Institutional investors collectively own 83.71% of the cybersecurity company.
• Fortinet reported strong quarterly results, with revenue rising 25.6% year over year to $2.05 billion and EPS of $0.90, beating analysts’ $0.75 estimate. The company issued fiscal 2026 EPS guidance of $3.410–$3.470.
• Fortinet shares opened at $155.85, down 2.6%, while analysts maintained a consensus “Hold” rating and an average price target of $150.91. Insider selling has totaled 475,157 shares worth about $69.5 million over the past 90 days.

Deutsche Bank AG purchased a new position in shares of Fortinet, Inc. (NASDAQ:FTNT - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,782,726 shares of the software maker's stock, valued at approximately $581,102,000. Deutsche Bank AG owned about 0.52% of Fortinet at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Elevation Wealth Partners LLC increased its position in Fortinet by 53.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 215 shares of the software maker's stock valued at $33,000 after purchasing an additional 75 shares during the period. Wexford Capital LP acquired a new position in shares of Fortinet in the 3rd quarter worth approximately $25,000. Physician Wealth Advisors Inc. lifted its position in shares of Fortinet by 408.3% in the 1st quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker's stock worth $25,000 after purchasing an additional 245 shares during the period. Palisade Asset Management LLC bought a new stake in shares of Fortinet in the 3rd quarter valued at $28,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Fortinet in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 83.71% of the company's stock.

Fortinet Stock Down 2.6%

Fortinet stock opened at $155.85 on Tuesday. Fortinet, Inc. has a fifty-two week low of $73.55 and a fifty-two week high of $172.09. The stock has a market cap of $114.35 billion, a PE ratio of 54.88, a price-to-earnings-growth ratio of 3.03 and a beta of 1.07. The firm's 50-day simple moving average is $155.31 and its 200 day simple moving average is $115.83. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.28.

Fortinet (NASDAQ:FTNT - Get Free Report) last announced its 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. Fortinet had a return on equity of 191.54% and a net margin of 28.17%.The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the firm posted $0.64 EPS. The business's revenue was up 25.6% compared to the same quarter last year. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. Research analysts predict that Fortinet, Inc. will post 3.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on FTNT. Arete Research set a $104.00 price target on Fortinet and gave the stock a "buy" rating in a report on Monday, April 27th. Robert W. Baird set a $165.00 price objective on shares of Fortinet in a research note on Thursday, July 30th. Rosenblatt Securities boosted their target price on shares of Fortinet from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Susquehanna increased their target price on shares of Fortinet from $115.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Fortinet from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $150.91.

Insider Activity at Fortinet

In other Fortinet news, 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 completion of the transaction, the chief operating officer owned 94,724 shares of the company's stock, valued at $12,163,508.84. The trade was a 60.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael Xie sold 3,121 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $162.63, for a total value of $507,568.23. Following the transaction, the vice president 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. 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. In the last ninety days, insiders have sold 475,157 shares of company stock worth $69,480,964. 17.60% of the stock is owned by corporate insiders.

Fortinet Profile

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.

Want to see what other hedge funds are holding FTNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortinet, Inc. (NASDAQ:FTNT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source