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

Saudi Central Bank increased its stake in shares of Fortinet, Inc. (NASDAQ:FTNT) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 415,242 shares of the software maker’s stock after buying an additional 20,693 shares during the period. Fortinet accounts for about 0.9% of Saudi Central Bank’s portfolio, making the stock its 25th largest holding. Saudi Central Bank owned 0.06% of Fortinet worth $66,756,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of FTNT. Burk Holdings LLC acquired a new stake in Fortinet during the second quarter worth approximately $25,000. Dunhill Financial LLC acquired a new position in shares of Fortinet in the second quarter valued at approximately $25,000. Timbuktu Capital Management LLC bought a new position in shares of Fortinet during the second quarter worth approximately $31,000. Elevation Wealth Partners LLC increased its stake in shares of Fortinet by 53.6% during the second quarter. Elevation Wealth Partners LLC now owns 215 shares of the software maker’s stock worth $33,000 after purchasing an additional 75 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Fortinet during the 2nd quarter worth approximately $35,000. 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 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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FTNT. Susquehanna boosted their price target on Fortinet from $115.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. DZ Bank cut Fortinet from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Piper Sandler reissued a “neutral” rating and set a $175.00 target price (up from $110.00) on shares of Fortinet in a report on Thursday, July 30th. Cantor Fitzgerald restated a “neutral” rating on shares of Fortinet in a research note on Monday, August 24th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $163.00 price target on shares of Fortinet in a research report on Thursday, July 30th. Two 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $150.91.

Fortinet Trading Down 0.0%

Shares of NASDAQ:FTNT opened at $156.29 on Friday. The business’s 50 day simple moving average is $158.88 and its 200 day simple moving average is $122.99. Fortinet, Inc. has a 1 year low of $73.55 and a 1 year high of $173.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.28 and a quick ratio of 1.19. The company has a market capitalization of $114.67 billion, a P/E ratio of 55.03, a P/E/G ratio of 2.96 and a beta of 1.06.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Wednesday, July 29th. The software maker reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.15. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.89 billion. Fortinet had a return on equity of 191.54% and a net margin of 28.17%.Fortinet’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, research analysts anticipate that Fortinet, Inc. will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ken Xie sold 161,482 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $162.66, for a total transaction of $26,266,662.12. Following the sale, the chief executive officer owned 52,972,372 shares in the company, valued at approximately $8,616,486,029.52. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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, VP Michael Xie sold 3,121 shares of Fortinet stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $162.63, for a total transaction of $507,568.23. Following the completion of the transaction, the vice president directly owned 9,918,360 shares in the company, valued at $1,613,022,886.80. This trade represents a 0.03% 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. 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 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.