Deutsche Bank AG Invests $581.10 Million in Fortinet, Inc. $FTNT

Deutsche Bank AG bought a new stake in shares of Fortinet, Inc. (NASDAQ:FTNT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,782,726 shares of the software maker’s stock, valued at approximately $581,102,000.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Fortinet by 2.2% during the 4th quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock valued at $976,000 after acquiring an additional 221 shares during the period. Bison Wealth LLC purchased a new position in shares of Fortinet during the 4th quarter worth $585,000. HUB Investment Partners LLC lifted its position in Fortinet by 29.1% during the second quarter. HUB Investment Partners LLC now owns 5,299 shares of the software maker’s stock valued at $560,000 after purchasing an additional 1,193 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in shares of Fortinet during the 2nd quarter valued at about $1,136,000. Finally, Quantinno Capital Management LP boosted its position in shares of Fortinet by 27.4% in the second quarter. Quantinno Capital Management LP now owns 144,989 shares of the software maker’s stock worth $15,328,000 after purchasing an additional 31,202 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fortinet news, VP Michael Xie sold 3,121 shares of the stock in a transaction dated 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 owned 9,918,360 shares in the company, valued at approximately $1,613,022,886.80. This represents a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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, COO John Whittle sold 146,015 shares of Fortinet stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $128.41, for a total value of $18,749,786.15. Following the transaction, the chief operating officer owned 94,724 shares in the company, valued at approximately $12,163,508.84. This represents a 60.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 475,157 shares of company stock valued at $69,480,964. 17.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FTNT has been the subject of several recent analyst reports. Bank of America restated a “buy” rating on shares of Fortinet in a research note on Monday, July 27th. Stifel Nicolaus set a $175.00 price target on Fortinet and gave the stock a “hold” rating in a research report on Thursday, July 30th. Scotiabank reiterated a “sector perform” rating and set a $163.00 price objective on shares of Fortinet in a research report on Thursday, July 30th. Compass Point set a $100.00 target price on Fortinet in a research note on Monday, May 4th. Finally, BMO Capital Markets raised their price target on shares of Fortinet from $170.00 to $185.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $150.91.

Fortinet Trading Down 2.6%

NASDAQ:FTNT opened at $155.85 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $155.31 and a 200-day simple moving average of $115.83. The company has a market capitalization of $114.35 billion, a P/E ratio of 54.88, a PEG ratio of 3.03 and a beta of 1.07. Fortinet, Inc. has a 12 month low of $73.55 and a 12 month high of $172.09.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings data 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. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.89 billion. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 earnings per share. 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, equities research analysts anticipate that Fortinet, Inc. will post 3.05 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.