B. Metzler seel. Sohn & Co. AG Invests $4.62 Million in Fortinet, Inc. $FTNT

Key Points

• B. Metzler seel. Sohn & Co. AG purchased 30,049 Fortinet shares worth approximately $4.62 million in the second quarter. Institutional investors now own 83.71% of the company.
• Fortinet exceeded quarterly expectations, reporting adjusted EPS of $0.90 versus the $0.75 consensus and revenue of $2.05 billion, up 25.6% year over year. The company issued fiscal 2026 EPS guidance of $3.410–$3.470.
• Fortinet shares opened at $153.51, while analyst sentiment remained mixed, with a consensus rating of Hold and an average price target of $150.91. Insiders have sold approximately $50.7 million of stock over the past 90 days, primarily through pre-arranged plans to cover tax obligations.

B. Metzler seel. Sohn & Co. AG bought a new position in Fortinet, Inc. (NASDAQ:FTNT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 30,049 shares of the software maker's stock, valued at approximately $4,616,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairtree Asset Management Pty Ltd purchased a new position in Fortinet during the second quarter valued at approximately $4,439,000. Kilter Group LLC purchased a new stake in shares of Fortinet in the second quarter worth $41,000. Portfolio Design Labs LLC bought a new stake in Fortinet during the second quarter valued at about $365,000. Reliant Investment Partners LLC purchased a new position in shares of Fortinet in the second quarter valued at about $234,000. Finally, SGL Investment Advisors Inc. bought a new position in Fortinet in the 2nd quarter worth approximately $353,000. Institutional investors own 83.71% of the company's stock.

Fortinet Trading Up 1.8%

FTNT opened at $153.51 on Friday. The stock's fifty day moving average is $156.24 and its two-hundred day moving average is $117.61. The company has a market capitalization of $112.63 billion, a P/E ratio of 54.05, a PEG ratio of 2.86 and a beta of 1.07. Fortinet, Inc. has a 52 week low of $73.55 and a 52 week high of $172.09. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 0.32.

Fortinet (NASDAQ:FTNT - Get Free Report) last issued its earnings results on Wednesday, July 29th. The software maker reported $0.90 earnings per share for the quarter, topping 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 business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.89 billion. During the same period in the prior year, the business earned $0.64 EPS. The business's revenue for the quarter 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. Analysts forecast that Fortinet, Inc. will post 3.05 earnings per share for the current year.

Insider Buying and Selling at Fortinet

In other news, CEO Ken Xie sold 161,482 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $162.66, for a total transaction of $26,266,662.12. Following the transaction, the chief executive officer directly owned 52,972,372 shares of the company's stock, valued at approximately $8,616,486,029.52. This represents a 0.30% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Michael Xie sold 3,121 shares of the company's 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 directly owned 9,918,360 shares in the company, valued at $1,613,022,886.80. This represents a 0.03% decrease in their ownership of the stock. 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. Insiders have sold a total of 329,142 shares of company stock worth $50,731,178 in the last ninety days. Insiders own 17.60% of the company's stock.

Wall Street Analyst Weigh In

FTNT has been the subject of a number of research analyst reports. BTIG Research increased their price objective on shares of Fortinet from $186.00 to $203.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Scotiabank reissued a "sector perform" rating and set a $163.00 price objective on shares of Fortinet in a report on Thursday, July 30th. HSBC downgraded shares of Fortinet from a "hold" rating to a "reduce" rating and set a $102.00 price objective for the company. in a report on Monday, June 29th. Piper Sandler reaffirmed a "neutral" rating and set a $175.00 price objective (up from $110.00) on shares of Fortinet in a report on Thursday, July 30th. Finally, DZ Bank downgraded Fortinet from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Fortinet has an average rating of "Hold" and a consensus price target of $150.91.

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.

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