PKO Investment Management Joint Stock Co Boosts Stake in Fortinet, Inc. $FTNT

03 May 2026, 07:57 by Renee Jackson · The Cerbat Gem

PKO Investment Management Joint Stock Co increased its holdings in shares of Fortinet, Inc. (NASDAQ:FTNT – Free Report) by 35.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,000 shares of the software maker’s stock after acquiring an additional 7,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Fortinet were worth $2,144,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Fortinet by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock worth $6,354,874,000 after purchasing an additional 2,894,355 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Fortinet by 62.1% in the 3rd quarter. Van ECK Associates Corp now owns 5,564,558 shares of the software maker’s stock valued at $467,868,000 after purchasing an additional 2,132,109 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Fortinet by 30.9% in the third quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker’s stock valued at $636,962,000 after purchasing an additional 1,790,033 shares during the period. Invesco Ltd. lifted its stake in shares of Fortinet by 17.0% in the third quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock valued at $909,453,000 after purchasing an additional 1,568,337 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Fortinet by 23.1% during the third quarter. Ameriprise Financial Inc. now owns 5,160,348 shares of the software maker’s stock worth $430,082,000 after buying an additional 969,899 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Activity

In other news, CEO Ken Xie sold 175,737 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $14,308,506.54. Following the transaction, the chief executive officer directly owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This trade represents a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $27,935,690.52. Following the completion of the transaction, the vice president directly owned 10,210,282 shares in the company, valued at $831,321,160.44. This represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 17.20% of the company’s stock.

Key Headlines Impacting Fortinet

Here are the key news stories impacting Fortinet this week:

Positive Sentiment: Market momentum — FTNT outperformed peers on a strong trading day, signaling fresh buyer interest and short-term rotation into the stock. Fortinet Inc. stock outperforms competitors on strong trading day
Positive Sentiment: Product/market positioning — Fortinet released its 2026 Global Threat Landscape Report highlighting a large surge in AI-enabled cybercrime and a 389% rise in ransomware victims, which supports longer-term demand for Fortinet’s FortiGuard/AI security products and reinforces leadership in threat intelligence. The Fortinet 2026 Global Threat Landscape Report Reveals a Surge in AI-Enabled Cybercrime
Neutral Sentiment: Earnings watch — preview pieces from Yahoo/Zacks outline Wall Street forecasts and key metric expectations ahead of Fortinet’s Q1 results; investors are focused on billings, product vs. services mix and any guide changes. Upcoming results/guidance will likely be the next major catalyst. Countdown to Fortinet (FTNT) Q1 Earnings: Wall Street Forecasts for Key Metrics (Yahoo) Countdown to Fortinet Q1 Earnings (Zacks)
Neutral Sentiment: Peer/sector signals — Check Point’s mixed quarter (EPS beat but revenue & billings miss) sent CHKP lower; investor reaction to peers’ execution can shift relative flows into FTNT if Fortinet posts cleaner top-line or billings metrics. Check Point Earnings Beat, But Revenue, Billings Miss (Yahoo)
Negative Sentiment: Recent price weakness and selling signals — FTNT had a pullback on April 30 and some data sources note heavy insider sales and sizable institutional reductions (e.g., large UBS trimming), which could pressure sentiment if sustained. Fortinet (FTNT) Stock Dips While Market Gains: Key Facts QuiverQuant summary with insider/institutional activity

Wall Street Analyst Weigh In

Several brokerages have weighed in on FTNT. Scotiabank lowered shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 target price on the stock. in a research report on Monday, February 2nd. Evercore set a $80.00 price target on Fortinet in a research note on Friday, February 6th. JPMorgan Chase & Co. upped their price target on Fortinet from $72.00 to $73.00 and gave the stock an “underweight” rating in a report on Friday, February 6th. Citigroup reaffirmed a “neutral” rating and issued a $90.00 price objective (up from $85.00) on shares of Fortinet in a research note on Monday, February 9th. Finally, Wells Fargo & Company initiated coverage on Fortinet in a report on Tuesday, March 3rd. They set an “underweight” rating and a $64.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-one have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Fortinet currently has an average rating of “Hold” and an average target price of $87.72.

Check Out Our Latest Stock Analysis on FTNT

Fortinet Stock Up 2.3%

Shares of FTNT opened at $86.29 on Friday. The firm has a market cap of $63.17 billion, a PE ratio of 35.51, a price-to-earnings-growth ratio of 2.96 and a beta of 0.92. The company’s fifty day moving average is $81.83 and its two-hundred day moving average is $81.73. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $109.33. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40.

Fortinet (NASDAQ:FTNT – Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Analysts forecast that Fortinet, Inc. will post 2.63 earnings per share for the current year.

Fortinet Profile

(Free Report)

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.