J. Safra Sarasin Holding AG Sells 29,607 Shares of Fortinet, Inc. $FTNT

Key Points

• J. Safra Sarasin Holding AG trimmed its Fortinet stake by 7.5%, selling 29,607 shares and leaving it with 365,135 shares valued at about $28.995 million.
• Company insiders sold large blocks on Feb 2—CEO Ken Xie offloaded 175,737 shares (~$14.3M) and VP Michael Xie sold 343,106 shares (~$27.9M)—with insiders still owning 18% and institutional investors holding 83.71% of the stock.
• Fortinet beat Q results (EPS $0.81 vs. $0.74; revenue $1.91B, +14.8% YoY) and set FY2026 EPS guidance of 2.94–3.00, while analysts' consensus remains a "Hold" with an average target of $88.62.

J. Safra Sarasin Holding AG reduced its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT - Free Report) by 7.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 365,135 shares of the software maker's stock after selling 29,607 shares during the period. J. Safra Sarasin Holding AG's holdings in Fortinet were worth $28,995,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Financial Consulate Inc. bought a new position in Fortinet in the 3rd quarter valued at $25,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Fortinet during the third quarter worth $25,000. Pinnacle Holdings LLC bought a new stake in shares of Fortinet during the third quarter worth $25,000. Ameriflex Group Inc. purchased a new stake in shares of Fortinet during the third quarter valued at $25,000. Finally, Wexford Capital LP purchased a new stake in shares of Fortinet during the third quarter valued at $25,000. Hedge funds and other institutional investors own 83.71% of the company's stock.

Fortinet Stock Up 1.1%

NASDAQ:FTNT opened at $79.05 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09. Fortinet, Inc. has a 1-year low of $70.12 and a 1-year high of $109.33. The company has a 50-day moving average of $81.48 and a 200 day moving average of $81.91. The firm has a market cap of $58.49 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 2.69 and a beta of 1.05.

Fortinet (NASDAQ:FTNT - Get Free Report) last posted its 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 business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $0.74 EPS. The company's revenue for the quarter was up 14.8% on a year-over-year basis. 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, research analysts anticipate that Fortinet, Inc. will post 2.09 EPS for the current fiscal year.

Analyst Ratings Changes

FTNT has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Fortinet in a research note on Friday. Scotiabank cut shares of Fortinet from a "sector outperform" rating to a "sector perform" rating and set a $85.00 price objective for the company. in a research report on Monday, February 2nd. Evercore set a $80.00 target price on shares of Fortinet in a research note on Friday, February 6th. Rosenblatt Securities raised their target price on shares of Fortinet from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Finally, Wells Fargo & Company started coverage on shares of Fortinet in a research note on Tuesday, March 3rd. They set an "underweight" rating and a $64.00 price target for the company. Five analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $88.62.

Insider Activity at Fortinet

In related news, CEO Ken Xie sold 175,737 shares of Fortinet stock in a transaction that occurred 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 directly owned 51,396,385 shares of the company's stock, valued at $4,184,693,666.70. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Michael Xie sold 343,106 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 10,210,282 shares of the company's stock, valued at $831,321,160.44. This trade represents a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 18.00% of the company's stock.

Fortinet Company 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.

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.