Fortinet, Inc. $FTNT Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP increased its position in Fortinet, Inc. (NASDAQ:FTNT) by 126.8% during the second quarter, HoldingsChannel.com reports. The fund owned 127,595 shares of the software maker’s stock after acquiring an additional 71,332 shares during the quarter. Wellington Management Group LLP’s holdings in Fortinet were worth $19,601,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FTNT. Archer Investment Corp acquired a new stake in Fortinet in the second quarter valued at $61,000. Fox Hill Wealth Management acquired a new position in shares of Fortinet during the 2nd quarter worth $2,310,000. Kingsview Wealth Management LLC acquired a new position in shares of Fortinet during the 2nd quarter worth $1,442,000. Beacon Pointe Advisors LLC acquired a new stake in Fortinet in the 2nd quarter valued at about $58,588,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Fortinet in the 2nd quarter valued at about $2,382,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FTNT has been the subject of a number of research reports. UBS Group restated a “neutral” rating and set a $180.00 target price on shares of Fortinet in a research report on Thursday, July 30th. TD Cowen reiterated a “buy” rating and issued a $215.00 price target (up from $160.00) on shares of Fortinet in a research report on Monday, July 13th. BTIG Research raised their price objective on shares of Fortinet from $186.00 to $203.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. BMO Capital Markets lifted their price objective on Fortinet from $170.00 to $185.00 and gave the stock a “market perform” rating in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada set a $185.00 target price on Fortinet and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $150.91.

Fortinet Price Performance

FTNT stock opened at $156.29 on Monday. The stock has a market capitalization of $114.67 billion, a price-to-earnings ratio of 55.03, a price-to-earnings-growth ratio of 2.96 and a beta of 1.06. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 0.32. Fortinet, Inc. has a 52-week low of $73.55 and a 52-week high of $173.89. The stock’s fifty day simple moving average is $158.88 and its 200-day simple moving average is $123.26.

Fortinet (NASDAQ:FTNT) last released its earnings results on Wednesday, July 29th. The software maker reported $0.90 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts expect that Fortinet, Inc. will post 3.05 EPS for the current year.

Fortinet News Summary

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

Insider Transactions at Fortinet

In related news, VP Michael Xie sold 3,121 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $162.63, for a total value of $507,568.23. Following the completion of the sale, the vice president directly owned 9,918,360 shares in the company, valued at approximately $1,613,022,886.80. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $162.66, for a total transaction of $26,266,662.12. Following the transaction, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at $8,616,486,029.52. This trade represents a 0.30% decrease in their position. 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. Corporate insiders own 17.60% of the company’s stock.

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.