Wilson Asset Management International PTY Ltd. Has $5.03 Million Stock Position in Fortinet, Inc. $FTNT

Key Points

• Wilson Asset Management International cut its Fortinet stake by 33.4% in Q4 to 63,309 shares worth $5.03 million, representing about 1.3% of the fund's portfolio and its 24th largest holding.
• Insiders including VP Michael Xie and CEO Ken Xie sold shares on May 4 under pre‑arranged Rule 10b5‑1 plans to cover tax withholding (Michael ~2,478 shares for ~$220k; Ken ~5,355 shares for ~$476k), with insiders owning roughly 18% of the company.
• Analysts are mixed: Fortinet recently beat Q4 EPS and revenue estimates and set FY2026 guidance of $2.94–3.00 EPS, but the consensus rating remains "Hold" with a mean target price of $88.38.

Wilson Asset Management International PTY Ltd. lowered its holdings in Fortinet, Inc. (NASDAQ:FTNT - Free Report) by 33.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,309 shares of the software maker's stock after selling 31,691 shares during the quarter. Fortinet accounts for about 1.3% of Wilson Asset Management International PTY Ltd.'s investment portfolio, making the stock its 24th largest position. Wilson Asset Management International PTY Ltd.'s holdings in Fortinet were worth $5,027,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. PDS Planning Inc grew its position in Fortinet by 3.1% in the 4th quarter. PDS Planning Inc now owns 4,110 shares of the software maker's stock worth $326,000 after purchasing an additional 123 shares during the last quarter. Delta Investment Management LLC grew its position in Fortinet by 2.4% in the 4th quarter. Delta Investment Management LLC now owns 5,250 shares of the software maker's stock worth $417,000 after purchasing an additional 125 shares during the last quarter. Fiduciary Trust Co grew its position in Fortinet by 1.2% in the 3rd quarter. Fiduciary Trust Co now owns 10,823 shares of the software maker's stock worth $910,000 after purchasing an additional 130 shares during the last quarter. Meeder Asset Management Inc. grew its position in Fortinet by 40.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 481 shares of the software maker's stock worth $40,000 after purchasing an additional 139 shares during the last quarter. Finally, Optimist Retirement Group LLC grew its position in Fortinet by 2.9% in the 3rd quarter. Optimist Retirement Group LLC now owns 4,888 shares of the software maker's stock worth $411,000 after purchasing an additional 140 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortinet

In related news, VP Michael Xie sold 2,478 shares of the business's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $88.89, for a total value of $220,269.42. Following the sale, the vice president owned 9,927,517 shares of the company's stock, valued at $882,456,986.13. The trade was a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ken Xie sold 5,355 shares of the business's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $88.90, for a total value of $476,059.50. Following the completion of the sale, the chief executive officer directly owned 52,978,004 shares in the company, valued at approximately $4,709,744,555.60. This represents a 0.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 18.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Compass Point set a $100.00 price objective on Fortinet in a report on Monday. Oppenheimer reissued a "market perform" rating on shares of Fortinet in a report on Friday, January 23rd. Jefferies Financial Group set a $90.00 price objective on Fortinet in a report on Friday, February 6th. Rosenblatt Securities lifted their price objective on Fortinet from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Fortinet from $72.00 to $73.00 and gave the stock an "underweight" rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-one have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $88.38.

Fortinet Price Performance

Shares of Fortinet stock opened at $89.92 on Wednesday. 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 firm's 50-day simple moving average is $82.03 and its 200-day simple moving average is $81.76. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $108.77. The firm has a market cap of $65.83 billion, a P/E ratio of 37.00, a price-to-earnings-growth ratio of 3.06 and a beta of 0.92.

Fortinet (NASDAQ:FTNT - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.Fortinet's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm 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. As a group, research analysts expect that Fortinet, Inc. will post 2.63 EPS for the current fiscal 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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