Titan Investment Solutions Ltd Makes New $18.92 Million Investment in Fortinet, Inc. $FTNT

Titan Investment Solutions Ltd acquired a new position in shares of Fortinet, Inc. (NASDAQ:FTNT) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 238,260 shares of the software maker’s stock, valued at approximately $18,920,000. Fortinet accounts for approximately 2.3% of Titan Investment Solutions Ltd’s investment portfolio, making the stock its 18th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Expressive Wealth LLC bought a new stake in Fortinet during the 4th quarter worth approximately $646,000. Trilogy Capital Inc. increased its holdings in Fortinet by 46.8% during the 4th quarter. Trilogy Capital Inc. now owns 44,152 shares of the software maker’s stock worth $3,506,000 after purchasing an additional 14,076 shares in the last quarter. Leonteq Securities AG bought a new position in shares of Fortinet in the fourth quarter valued at approximately $10,422,000. Victory Capital Management Inc. grew its holdings in shares of Fortinet by 5.8% in the third quarter. Victory Capital Management Inc. now owns 1,651,683 shares of the software maker’s stock valued at $138,874,000 after acquiring an additional 90,284 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Fortinet in the fourth quarter valued at approximately $14,638,000. 83.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Fortinet

In other Fortinet news, CEO Ken Xie sold 160,632 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $145.58, for a total transaction of $23,384,806.56. Following the completion of the transaction, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at approximately $7,711,717,915.76. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Xie sold 3,907 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $146.44, for a total value of $572,141.08. Following the transaction, the vice president directly owned 9,923,610 shares of the company’s stock, valued at approximately $1,453,213,448.40. This trade represents a 0.04% 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. Over the last ninety days, insiders sold 318,387 shares of company stock valued at $43,403,063. Company insiders own 17.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Weiss Ratings raised Fortinet from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $70.00 target price (up from $64.00) on shares of Fortinet in a report on Thursday, May 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $107.00 target price (up from $90.00) on shares of Fortinet in a report on Thursday, May 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $87.00 target price on shares of Fortinet in a report on Tuesday, April 21st. Finally, Rosenblatt Securities upped their target price on Fortinet from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $107.77.

Fortinet Price Performance

Shares of NASDAQ FTNT opened at $146.30 on Friday. The stock has a fifty day simple moving average of $109.80 and a two-hundred day simple moving average of $91.08. Fortinet, Inc. has a 1-year low of $70.12 and a 1-year high of $150.07. The firm has a market cap of $107.19 billion, a price-to-earnings ratio of 56.49, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.20. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the company earned $0.58 earnings per share. Fortinet’s revenue was up 20.1% compared to the same quarter last year. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Analysts anticipate that Fortinet, Inc. will post 2.78 earnings per share for the current 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.