Fortinet, Inc. $FTNT Shares Purchased by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations increased its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 208.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,548 shares of the software maker’s stock after acquiring an additional 22,682 shares during the period. Caisse Des Depots ET Consignations’ holdings in Fortinet were worth $2,664,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Fortinet by 4.0% during the third quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock worth $6,354,874,000 after acquiring an additional 2,894,355 shares during the period. State Street Corp grew its holdings in Fortinet by 1.6% during the third quarter. State Street Corp now owns 29,660,558 shares of the software maker’s stock worth $2,493,860,000 after acquiring an additional 477,397 shares during the period. Invesco Ltd. grew its holdings in Fortinet by 17.0% during the third quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock worth $909,453,000 after acquiring an additional 1,568,337 shares during the period. First Trust Advisors LP grew its holdings in Fortinet by 30.9% during the third quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker’s stock worth $636,962,000 after acquiring an additional 1,790,033 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Fortinet by 2.9% during the third quarter. Nordea Investment Management AB now owns 6,922,031 shares of the software maker’s stock worth $586,781,000 after acquiring an additional 195,896 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on FTNT shares. Rosenblatt Securities raised their target price on Fortinet from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Oppenheimer reiterated a “market perform” rating on shares of Fortinet in a research report on Friday, January 23rd. Weiss Ratings upgraded Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Scotiabank downgraded Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price target on the stock. in a research report on Monday, February 2nd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $83.00 price target on shares of Fortinet in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $87.72.

Fortinet News Summary

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Market momentum — FTNT outperformed peers on a strong trading day, signaling fresh buyer interest and short-term rotation into the stock. Fortinet Inc. stock outperforms competitors on strong trading day
• Positive Sentiment: Product/market positioning — Fortinet released its 2026 Global Threat Landscape Report highlighting a large surge in AI-enabled cybercrime and a 389% rise in ransomware victims, which supports longer-term demand for Fortinet’s FortiGuard/AI security products and reinforces leadership in threat intelligence. The Fortinet 2026 Global Threat Landscape Report Reveals a Surge in AI-Enabled Cybercrime
• Neutral Sentiment: Earnings watch — preview pieces from Yahoo/Zacks outline Wall Street forecasts and key metric expectations ahead of Fortinet’s Q1 results; investors are focused on billings, product vs. services mix and any guide changes. Upcoming results/guidance will likely be the next major catalyst. Countdown to Fortinet (FTNT) Q1 Earnings: Wall Street Forecasts for Key Metrics (Yahoo) Countdown to Fortinet Q1 Earnings (Zacks)
• Neutral Sentiment: Peer/sector signals — Check Point’s mixed quarter (EPS beat but revenue & billings miss) sent CHKP lower; investor reaction to peers’ execution can shift relative flows into FTNT if Fortinet posts cleaner top-line or billings metrics. Check Point Earnings Beat, But Revenue, Billings Miss (Yahoo)
• Negative Sentiment: Recent price weakness and selling signals — FTNT had a pullback on April 30 and some data sources note heavy insider sales and sizable institutional reductions (e.g., large UBS trimming), which could pressure sentiment if sustained. Fortinet (FTNT) Stock Dips While Market Gains: Key Facts QuiverQuant summary with insider/institutional activity

Insider Activity at Fortinet

In other news, VP Michael Xie sold 343,106 shares of the firm’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 value of $27,935,690.52. Following the transaction, the vice president owned 10,210,282 shares in the company, valued at $831,321,160.44. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ken Xie sold 175,737 shares of the firm’s 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 $14,308,506.54. Following the completion of the transaction, the chief executive officer owned 51,396,385 shares in the company, valued at approximately $4,184,693,666.70. This trade represents 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.

Fortinet Stock Performance

Shares of FTNT stock opened at $86.29 on Friday. The company has a market capitalization of $63.17 billion, a P/E ratio of 35.51, a P/E/G ratio of 2.89 and a beta of 0.92. The business’s 50 day moving average is $81.83 and its two-hundred day moving average is $81.74. The company has a current ratio of 1.17, a quick ratio of 1.09 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.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.Fortinet’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 earnings per share. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Analysts expect that Fortinet, Inc. will post 2.63 EPS for the current fiscal 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.