Fortinet, Inc. $FTNT Shares Sold by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG cut its Fortinet stake by 61.5% in Q4, selling 55,573 shares and leaving 34,817 shares valued at about $2.77 million.
• Insiders CEO Ken Xie and VP Michael Xie sold large blocks on Feb 2 (175,737 shares for ~$14.3M and 343,106 shares for ~$27.9M), though insiders still own about 17.20% of the company.
• Fortinet beat Q4 estimates with $0.81 EPS (vs. $0.74) and $1.91B revenue (vs. $1.86B), provided Q1 and FY2026 guidance (Q1: $0.590–0.630; FY: $2.940–3.000), and holds a consensus analyst rating of "Hold" with a $87.04 target.

B. Metzler seel. Sohn & Co. AG lowered its holdings in Fortinet, Inc. (NASDAQ:FTNT - Free Report) by 61.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,817 shares of the software maker's stock after selling 55,573 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Fortinet were worth $2,766,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Pinnacle Holdings LLC acquired a new position in shares of Fortinet in the third quarter worth about $25,000. Financial Consulate Inc. acquired a new position in shares of Fortinet in the third quarter worth about $25,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Fortinet in the third quarter worth about $25,000. Ameriflex Group Inc. acquired a new position in shares of Fortinet in the third quarter worth about $25,000. Finally, Wexford Capital LP acquired a new position in shares of Fortinet in the third quarter worth about $25,000. Institutional investors and hedge funds own 83.71% of the company's stock.

Insiders Place Their Bets

In related news, CEO Ken Xie sold 175,737 shares of the business's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the transaction, the chief executive officer owned 51,396,385 shares of the company's stock, valued at approximately $4,184,693,666.70. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Michael Xie sold 343,106 shares of the business's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the transaction, the vice president directly owned 10,210,282 shares in the company, valued at $831,321,160.44. This trade represents a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 17.20% of the company's stock.

Wall Street Analysts Forecast Growth

FTNT has been the subject of several recent analyst reports. Truist Financial set a $88.00 target price on shares of Fortinet in a report on Tuesday, January 20th. TD Cowen upgraded shares of Fortinet from a "hold" rating to a "buy" rating and set a $100.00 target price for the company in a report on Friday, January 23rd. Wells Fargo & Company started coverage on shares of Fortinet in a report on Tuesday, March 3rd. They set an "underweight" rating and a $64.00 price target for the company. BMO Capital Markets raised their price target on shares of Fortinet from $90.00 to $95.00 and gave the stock a "market perform" rating in a report on Monday, February 9th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $90.00 target price (up from $85.00) on shares of Fortinet in a research note on Monday, January 5th. Five research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $87.04.

Fortinet Trading Up 2.0%

NASDAQ:FTNT opened at $84.37 on Friday. Fortinet, Inc. has a 12 month low of $70.12 and a 12 month high of $109.33. The firm has a market cap of $62.43 billion, a price-to-earnings ratio of 34.72, a P/E/G ratio of 2.84 and a beta of 1.00. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. The company's 50 day moving average is $81.59 and its 200-day moving average is $81.74.

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

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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