Fortinet, Inc. $FTNT Holdings Raised by Danske Bank A S

Key Points

• Danske Bank boosted its Fortinet stake by 22.5% in Q4 to 383,975 shares, valued at about $30.49 million (≈0.05% of the company).
• Fortinet beat quarterly estimates with $0.81 EPS vs. $0.74 est. and $1.91B revenue vs. $1.86B est., and set Q1 2026 guidance of $0.590–$0.630 EPS and FY2026 guidance of $2.940–$3.000 EPS.
• Insiders sold sizable positions on Feb 2—VP Michael Xie sold 343,106 shares and CEO Ken Xie sold 175,737 shares at about $81.42—though insiders still own 17.2% of the company.

Danske Bank A S lifted its stake in shares of Fortinet, Inc. (NASDAQ:FTNT - Free Report) by 22.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 383,975 shares of the software maker's stock after purchasing an additional 70,590 shares during the quarter. Danske Bank A S owned about 0.05% of Fortinet worth $30,491,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FTNT. Financial Consulate Inc. bought a new stake in shares of Fortinet during the third quarter valued at about $25,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Fortinet during the third quarter valued at about $25,000. Pinnacle Holdings LLC bought a new stake in shares of Fortinet during the third quarter valued at about $25,000. Ameriflex Group Inc. bought a new stake in shares of Fortinet during the third quarter valued at about $25,000. Finally, Wexford Capital LP bought a new stake in shares of Fortinet during the third quarter valued at about $25,000. 83.71% of the stock is currently owned by institutional investors.

Trending Headlines about Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Market momentum — FTNT outperformed peers on a strong trading day, signaling fresh buyer interest and short-term rotation into the stock. Fortinet Inc. stock outperforms competitors on strong trading day
• Positive Sentiment: Product/market positioning — Fortinet released its 2026 Global Threat Landscape Report highlighting a large surge in AI-enabled cybercrime and a 389% rise in ransomware victims, which supports longer-term demand for Fortinet’s FortiGuard/AI security products and reinforces leadership in threat intelligence. The Fortinet 2026 Global Threat Landscape Report Reveals a Surge in AI-Enabled Cybercrime
• Neutral Sentiment: Earnings watch — preview pieces from Yahoo/Zacks outline Wall Street forecasts and key metric expectations ahead of Fortinet’s Q1 results; investors are focused on billings, product vs. services mix and any guide changes. Upcoming results/guidance will likely be the next major catalyst. Countdown to Fortinet (FTNT) Q1 Earnings: Wall Street Forecasts for Key Metrics (Yahoo) Countdown to Fortinet Q1 Earnings (Zacks)
• Neutral Sentiment: Peer/sector signals — Check Point’s mixed quarter (EPS beat but revenue & billings miss) sent CHKP lower; investor reaction to peers’ execution can shift relative flows into FTNT if Fortinet posts cleaner top-line or billings metrics. Check Point Earnings Beat, But Revenue, Billings Miss (Yahoo)
• Negative Sentiment: Recent price weakness and selling signals — FTNT had a pullback on April 30 and some data sources note heavy insider sales and sizable institutional reductions (e.g., large UBS trimming), which could pressure sentiment if sustained. Fortinet (FTNT) Stock Dips While Market Gains: Key Facts QuiverQuant summary with insider/institutional activity

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Evercore set a $80.00 price target on shares of Fortinet in a research report on Friday, February 6th. Citigroup reiterated a "neutral" rating and issued a $90.00 price target (up from $85.00) on shares of Fortinet in a research report on Monday, February 9th. Weiss Ratings upgraded shares of Fortinet from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, April 24th. Wedbush reiterated an "outperform" rating and issued a $90.00 price target on shares of Fortinet in a research report on Friday, February 6th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Fortinet in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-one have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $87.72.

Insider Transactions at Fortinet

In related news, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $27,935,690.52. Following the transaction, the vice president owned 10,210,282 shares of the company's stock, valued at approximately $831,321,160.44. This trade represents a 3.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ken Xie sold 175,737 shares of Fortinet stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $14,308,506.54. Following the completion of the transaction, the chief executive officer directly owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This represents a 0.34% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 17.20% of the company's stock.

Fortinet Price Performance

Shares of Fortinet stock opened at $86.29 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The company's 50-day moving average price is $81.83 and its two-hundred day moving average price is $81.73. Fortinet, Inc. has a 52 week low of $70.12 and a 52 week high of $109.33. The stock has a market cap of $63.17 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 2.96 and a beta of 0.92.

Fortinet (NASDAQ:FTNT - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.07. The firm had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.Fortinet's revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. As a group, sell-side analysts anticipate that Fortinet, Inc. will post 2.63 EPS for the current fiscal year.

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.

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.