Saudi Central Bank Has $66.76 Million Position in Fortinet, Inc. $FTNT

Saudi Central Bank lifted its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 5.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 415,242 shares of the software maker’s stock after purchasing an additional 20,693 shares during the quarter. Fortinet accounts for about 0.9% of Saudi Central Bank’s portfolio, making the stock its 25th largest position. Saudi Central Bank’s holdings in Fortinet were worth $66,756,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Physician Wealth Advisors Inc. boosted its position in Fortinet by 408.3% in the first quarter. Physician Wealth Advisors Inc. now owns 305 shares of the software maker’s stock valued at $25,000 after buying an additional 245 shares in the last quarter. Dunhill Financial LLC bought a new position in Fortinet in the second quarter valued at about $25,000. Burk Holdings LLC acquired a new stake in shares of Fortinet during the second quarter valued at about $25,000. Wexford Capital LP acquired a new stake in Fortinet during the 3rd quarter worth approximately $25,000. Finally, Elyxium Wealth LLC acquired a new stake in Fortinet during the 4th quarter worth approximately $27,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Fortinet Price Performance

FTNT stock opened at $156.29 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 0.32. The firm has a market cap of $114.67 billion, a price-to-earnings ratio of 55.03, a PEG ratio of 2.96 and a beta of 1.06. The company’s fifty day simple moving average is $158.88 and its 200 day simple moving average is $122.99. Fortinet, Inc. has a 12-month low of $73.55 and a 12-month high of $173.89.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Wednesday, July 29th. The software maker reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15. Fortinet had a return on equity of 191.54% and a net margin of 28.17%.The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the business posted $0.64 EPS. The business’s revenue was up 25.6% compared to the same quarter last year. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. On average, analysts expect that Fortinet, Inc. will post 3.05 earnings per share for the current year.

Insider Activity

In other Fortinet news, VP Michael Xie sold 3,121 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $162.63, for a total value of $507,568.23. Following the transaction, the vice president directly owned 9,918,360 shares of the company’s stock, valued at approximately $1,613,022,886.80. The trade was a 0.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 161,482 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $162.66, for a total value of $26,266,662.12. Following the transaction, the chief executive officer owned 52,972,372 shares in the company, valued at $8,616,486,029.52. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. 17.60% of the stock is owned by corporate insiders.

More Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet was highlighted as a growth-at-a-reasonable-price (GARP) stock, with analysts pointing to its 2026 growth outlook, rising earnings estimates and expanding AI-security opportunity. Zacks.com featured highlights including Fortinet
• Positive Sentiment: Fortinet was also included among founder-led technology companies with long-term innovation and growth potential, reinforcing the investment case around its leadership and strategic direction. Founder-led companies redefining technology and growth
• Positive Sentiment: Multiple Zacks features identify FTNT as a GARP candidate, suggesting analysts view its earnings and revenue prospects as attractive relative to its valuation and peer group. GARP stocks investors can consider
• Positive Sentiment: Fortinet continues to benefit from broader demand for AI-driven cybersecurity. Its latest reported quarter exceeded earnings and revenue estimates, with revenue increasing 25.6% year over year, supporting the bullish outlook.
• Neutral Sentiment: ControlMonkey added backup and disaster-recovery support for Fortinet security configurations. The announcement improves recoverability for customers but appears unlikely to materially affect Fortinet’s near-term financial results. ControlMonkey extends recovery to the security stack
• Negative Sentiment: A sharp reaction to Palo Alto Networks’ results despite strong growth highlighted how demanding investor expectations have become for cybersecurity stocks. That sector-wide valuation risk may be limiting upside for Fortinet even amid favorable company-specific commentary. Cybersecurity stocks react to Palo Alto results

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wells Fargo & Company set a $135.00 price target on shares of Fortinet and gave the company an “underweight” rating in a research report on Thursday, July 30th. BMO Capital Markets lifted their price target on shares of Fortinet from $170.00 to $185.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. Truist Financial set a $183.00 price objective on shares of Fortinet and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Bank of America restated a “buy” rating on shares of Fortinet in a report on Monday, July 27th. Finally, Rosenblatt Securities raised their target price on Fortinet from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Fortinet has a consensus rating of “Hold” and an average price target of $150.91.

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.