Kepler Cheuvreux Suisse SA Acquires Shares of 14,857 Fortinet, Inc. $FTNT

Key Points

• Kepler Cheuvreux Suisse SA opened a new position in Fortinet by buying 14,857 shares in the third quarter, valued at approximately $1.25 million.
• Large insider sales occurred on Feb. 2: VP Michael Xie sold 343,106 shares (~$27.9M) and CEO Ken Xie sold 175,737 shares (~$14.3M); insiders now own about 17.20% of the company.
• Fortinet beat recent quarterly estimates with EPS of $0.81 vs. $0.74 and revenue of $1.91B vs. $1.86B (revenue +14.8% YoY), and provided Q1 and FY2026 EPS guidance of 0.590–0.630 and 2.94–3.00; analysts' consensus rating is a Hold with a $88.62 target.

Kepler Cheuvreux Suisse SA purchased a new position in shares of Fortinet, Inc. (NASDAQ:FTNT - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 14,857 shares of the software maker's stock, valued at approximately $1,249,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management acquired a new position in shares of Fortinet during the 2nd quarter worth $25,000. Pinnacle Holdings LLC acquired a new position in shares of Fortinet during the 3rd quarter worth approximately $25,000. Financial Consulate Inc. purchased a new stake in shares of Fortinet in the third quarter valued at $25,000. Steigerwald Gordon & Koch Inc. purchased a new position in Fortinet in the 3rd quarter valued at about $25,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Fortinet during the third quarter valued at approximately $25,000. Institutional investors and hedge funds own 83.71% of the company's stock.

Insider Buying and Selling

In other Fortinet news, VP Michael Xie sold 343,106 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 $27,935,690.52. Following the sale, the vice president directly owned 10,210,282 shares of the company's stock, valued at $831,321,160.44. The trade was a 3.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ken Xie sold 175,737 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $14,308,506.54. Following the completion of the sale, the chief executive officer owned 51,396,385 shares of the company's stock, valued at $4,184,693,666.70. The trade was a 0.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 17.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FTNT shares. JPMorgan Chase & Co. upped their price objective on shares of Fortinet from $72.00 to $73.00 and gave the company an "underweight" rating in a research note on Friday, February 6th. TD Cowen upgraded Fortinet from a "hold" rating to a "buy" rating and set a $100.00 target price for the company in a research note on Friday, January 23rd. Mizuho raised their target price on Fortinet from $72.00 to $74.00 and gave the company an "underperform" rating in a research note on Friday, February 6th. Wedbush reissued an "outperform" rating and set a $90.00 price target on shares of Fortinet in a research report on Friday, February 6th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $90.00 price objective (up from $85.00) on shares of Fortinet in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-two have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $88.62.

Fortinet Stock Down 0.9%

Shares of Fortinet stock opened at $83.48 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. Fortinet, Inc. has a 12-month low of $70.12 and a 12-month high of $109.33. The firm has a market capitalization of $61.77 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 2.91 and a beta of 1.05. The stock's fifty day moving average is $80.45 and its 200-day moving average is $81.60.

Fortinet (NASDAQ:FTNT - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The business's revenue for the quarter 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 2.09 earnings per share for the current year.

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.