Fortinet, Inc. $FTNT Stock Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lifted its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 8.0% in the third quarter, Holdings Channel reports. The institutional investor owned 43,438 shares of the software maker’s stock after acquiring an additional 3,209 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Fortinet were worth $7,765,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Physician Wealth Advisors Inc. raised its position in shares of Fortinet by 408.3% during the 1st 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 during the period. Dunhill Financial LLC acquired a new position in Fortinet in the second quarter valued at approximately $25,000. Burk Holdings LLC purchased a new position in Fortinet in the second quarter worth approximately $25,000. Cornerstone Financial Management LLC grew its position in Fortinet by 102.5% in the second quarter. Cornerstone Financial Management LLC now owns 164 shares of the software maker’s stock worth $25,000 after acquiring an additional 83 shares during the period. Finally, Timbuktu Capital Management LLC acquired a new stake in Fortinet during the second quarter worth $31,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Trending Headlines about Fortinet

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet reported third-quarter revenue of $2.08 billion, up approximately 20% year over year, while adjusted earnings reached $0.91 per share versus the roughly $0.85–$0.86 consensus estimate. Product revenue rose 37% to $765 million. Fortinet Reports Strong Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 revenue-growth outlook to approximately 20% and issued fourth-quarter adjusted EPS guidance of $0.93 to $0.95, indicating continued profitability and operating momentum. Fortinet Fourth-Quarter EPS Guidance
• Positive Sentiment: The board authorized an additional $1.2 billion for share repurchases, leaving $2 billion available under the program. The buyback may support per-share results and signals management’s confidence in the company’s long-term cash generation. Fortinet Adds to Share Repurchase Program
• Neutral Sentiment: Fortinet continues expanding its product portfolio with FortiLink SASE for distributed locations and FortiGuard Inline AI Security for AI-related threats. These offerings could create future recurring-revenue opportunities, but their near-term financial contribution remains uncertain. Fortinet Expands Unified SASE
• Negative Sentiment: Billings growth, a forward-looking indicator of future revenue, underwhelmed investors despite increasing 29% to $2.34 billion. Cybersecurity stocks also sold off broadly as growth slowed significantly in one of Fortinet’s business segments, raising concerns that premium valuation expectations may be difficult to sustain. Fortinet Stock Falls After Earnings

Insiders Place Their Bets

In other news, VP Michael Xie sold 3,121 shares of Fortinet stock in a transaction 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 completion of the sale, 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 SEC, 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, COO John Whittle sold 53,865 shares of Fortinet stock in a transaction on Monday, September 14th. The shares were sold at an average price of $165.44, for a total value of $8,911,425.60. Following the completion of the sale, the chief operating officer directly owned 96,987 shares of the company’s stock, valued at $16,045,529.28. The trade was a 35.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 221,303 shares of company stock worth $36,164,034 over the last ninety days. Corporate insiders own 17.60% of the company’s stock.

Fortinet Stock Performance

NASDAQ:FTNT opened at $174.08 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.28. The stock has a market capitalization of $127.72 billion, a P/E ratio of 61.30, a PEG ratio of 3.36 and a beta of 1.03. The company has a 50 day moving average price of $171.91 and a 200 day moving average price of $127.69. Fortinet, Inc. has a fifty-two week low of $73.55 and a fifty-two week high of $197.13.

Fortinet (NASDAQ:FTNT) last posted its earnings results on Wednesday, October 28th. The software maker reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.06 billion. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. Equities research analysts forecast that Fortinet, Inc. will post 3.10 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FTNT shares. The Goldman Sachs Group restated a “buy” rating and issued a $190.00 target price (up from $116.00) on shares of Fortinet in a research report on Thursday, July 30th. Royal Bank Of Canada increased their price target on Fortinet from $185.00 to $205.00 and gave the stock a “sector perform” rating in a report on Monday, October 12th. William Blair reiterated a “market perform” rating on shares of Fortinet in a report on Tuesday, July 21st. Wells Fargo & Company raised their price objective on Fortinet from $135.00 to $160.00 and gave the stock an “underweight” rating in a research report on Thursday, October 15th. Finally, Jefferies Financial Group boosted their price objective on shares of Fortinet from $165.00 to $190.00 and gave the company a “hold” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have assigned a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $162.36.

Fortinet Company Profile

Fortinet, Inc develops cybersecurity products and services designed to protect networks, endpoints, applications, cloud environments and operational technology systems. The company’s portfolio includes next-generation firewalls, secure networking products, endpoint security, web application security, email security, identity and access solutions, and security information and event management tools.

Its product offerings include FortiGate network security appliances and cloud-based firewalls, along with FortiSwitch, FortiAP and FortiExtender solutions for secure connectivity.