OFI Invest Asset Management Buys Shares of 151,038 Fortinet, Inc. $FTNT

Key Points

• OFI Invest bought a new stake of 151,038 Fortinet shares (about $11.99M) in Q4, and institutional investors now own roughly 83.71% of the company.
• Fortinet beat Q results with $0.81 EPS vs. $0.74 expected and $1.91B revenue vs. $1.86B expected, and provided guidance of Q1 2026 EPS 0.590–0.630 and FY 2026 EPS 2.940–3.000.
• Company insiders recently sold large stakes—VP Michael Xie sold 343,106 shares (~$27.94M) and CEO Ken Xie sold 175,737 shares (~$14.31M)—while analysts' consensus remains a Hold with a $87.84 target price.

OFI Invest Asset Management bought a new stake in shares of Fortinet, Inc. (NASDAQ:FTNT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 151,038 shares of the software maker's stock, valued at approximately $11,994,000.

A number of other institutional investors have also added to or reduced their stakes in FTNT. Vanguard Group Inc. increased its position in Fortinet by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker's stock valued at $6,354,874,000 after purchasing an additional 2,894,355 shares during the period. Van ECK Associates Corp increased its position in Fortinet by 62.1% during the 3rd quarter. Van ECK Associates Corp now owns 5,564,558 shares of the software maker's stock valued at $467,868,000 after purchasing an additional 2,132,109 shares during the period. First Trust Advisors LP increased its position in Fortinet by 30.9% during the 3rd quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker's stock valued at $636,962,000 after purchasing an additional 1,790,033 shares during the period. Invesco Ltd. increased its position in Fortinet by 17.0% during the 3rd quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker's stock valued at $909,453,000 after purchasing an additional 1,568,337 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Fortinet by 23.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,160,348 shares of the software maker's stock valued at $430,082,000 after purchasing an additional 969,899 shares during the period. Hedge funds and other institutional investors own 83.71% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on FTNT shares. BMO Capital Markets raised their price target on shares of Fortinet from $90.00 to $95.00 and gave the company a "market perform" rating in a report on Monday, February 9th. Oppenheimer restated a "market perform" rating on shares of Fortinet in a report on Friday, January 23rd. Jefferies Financial Group set a $90.00 price target on shares of Fortinet in a report on Friday, February 6th. Freedom Capital cut shares of Fortinet from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 17th. Finally, Citigroup restated a "neutral" rating and issued a $90.00 price target (up from $85.00) on shares of Fortinet in a report on Monday, February 9th. Five equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $87.84.

Fortinet Stock Down 3.4%

NASDAQ:FTNT opened at $80.66 on Friday. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $109.33. The stock has a market capitalization of $59.68 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.87 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. The company's 50-day simple moving average is $81.86 and its 200-day simple moving average is $81.97.

Fortinet (NASDAQ:FTNT - Get Free Report) last released its earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.07. The company had revenue of $1.91 billion during the quarter, compared to analysts' expectations of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. Fortinet's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the business earned $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. On average, equities analysts anticipate that Fortinet, Inc. will post 2.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Michael Xie sold 343,106 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 value of $27,935,690.52. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ken Xie sold 175,737 shares of Fortinet 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 $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. This trade represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 17.20% of the stock is owned by company insiders.

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.