<div id="readability-page-1"><p>Voya Investment Management LLC lowered its stake in shares of  Fortinet, Inc. (NASDAQ:FTNT - Free Report) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,625,176 shares of the software maker's stock after selling 26,200 shares during the period. Voya Investment Management LLC owned approximately 0.21% of Fortinet worth $136,645,000 as of its most recent filing with the Securities and Exchange Commission.</p><ul><li>3 Cybersecurity Stocks Poised for Long-Term Growth</li></ul><p>Other institutional investors and hedge funds also recently modified their holdings of the company. Saudi Central Bank bought a new position in  Fortinet during the 1st quarter worth approximately $25,000.  LSV Asset Management bought a new stake in  Fortinet in the second quarter valued at approximately $25,000.  E Fund Management Hong Kong Co. Ltd. raised its holdings in  Fortinet by 41.4% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 355 shares of the software maker's stock worth $38,000 after purchasing an additional 104 shares during the period.  Quaker Wealth Management LLC boosted its position in shares of  Fortinet by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 363 shares of the software maker's stock worth $38,000 after purchasing an additional 726 shares in the last quarter.  Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of  Fortinet during the second quarter worth $40,000. 83.71% of the stock is owned by institutional investors. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of analysts recently commented on the stock. Mizuho lowered their price objective on shares of Fortinet from $75.00 to $72.00 and set an &#34;underperform&#34; rating for the company in a research report on Thursday, November 6th. Barclays decreased their target price on Fortinet from $90.00 to $88.00 and set an &#34;equal weight&#34; rating for the company in a research note on Thursday, November 6th. Rosenblatt Securities  reaffirmed a &#34;neutral&#34; rating and set a $85.00 price target on shares of Fortinet in a research report on Thursday, November 6th. Daiwa America cut Fortinet from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Wednesday, November 12th. Finally, Cantor Fitzgerald  reissued a &#34;neutral&#34; rating and set a $87.00 target price on shares of Fortinet in a research note on Monday, November 24th. One investment analyst  has rated the stock with a Strong Buy rating, five have assigned  a Buy rating, twenty-seven have assigned  a Hold rating and three have issued  a Sell rating to the stock. Based on data from MarketBeat, the company  has an average rating of &#34;Hold&#34; and a consensus price target of $90.11.</p><ul><li>Downgraded But Not Done: 3 Stocks Ready for a Market Comeback</li></ul><p><b>Check Out Our Latest Analysis on Fortinet</b></p><h2>Fortinet Trading Up 0.5%</h2><p>NASDAQ:FTNT opened at $79.75 on Friday. The company has a market cap of $59.31 billion, a P/E ratio of 32.82, a price-to-earnings-growth ratio of 2.96 and a beta of 1.10. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $114.82. The business has a 50 day moving average price of $82.83 and a two-hundred day moving average price of $88.83. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.68. </p><ul><li>3 Cybersecurity Stocks to Watch Ahead of 2026 Midterms</li></ul><p>Fortinet (NASDAQ:FTNT - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.11. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. Fortinet had a net margin of 28.58% and a return on equity of 118.27%. The firm's revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. Fortinet has set its FY 2025 guidance at 2.660-2.700 EPS and its Q4 2025 guidance at 0.730-0.750 EPS.  As a group, analysts expect that  Fortinet, Inc. will post 2.09 EPS for the current fiscal year. </p><h2>Insider Transactions at Fortinet</h2><p>In related news, VP Michael Xie sold 3,546 shares of the company's stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $86.53, for a total transaction of $306,835.38. Following the sale, the vice president owned 10,492,018 shares in the company, valued at approximately $907,874,317.54. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ken Xie sold 158,485 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $86.51, for a total value of $13,710,537.35. Following the transaction, the chief executive officer directly owned 51,391,879 shares of the company's stock, valued at $4,445,911,452.29. This trade represents a 0.31% 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. </p><h2>Fortinet Profile</h2> (Free Report)<p>Fortinet, Inc provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Fortinet</li><li>Trading Stocks: RSI and Why it's Useful</li><li>Jabil Is Flying Under the Radar—But a 50% Surge May Be Coming</li><li>Energy and Oil Stocks Explained</li><li>Qualcomm’s Monster Rally Has a Catch—Can the Stock Keep Climbing?</li><li>EV Stocks and How to Profit from Them </li><li>Broadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500</li></ul><p><strong>Want to see what other hedge funds are holding FTNT?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortinet, Inc. (NASDAQ:FTNT - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RlROVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RlROVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Fortinet Right Now?</h2><p>Before you consider Fortinet, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fortinet wasn't on the list.</p><p>While Fortinet currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

VOYA

FTNT

<p>Voya Investment Management LLC reduced its stake in Fortinet, Inc. by 1.6% in Q3, selling 26,200 shares. The firm now holds 1,625,176 shares, valued at $136.6 million. Fortinet's stock has mixed analyst ratings, with a consensus 'Hold' and a target price of $90.11. Recent earnings exceeded expectations with $1.72 billion revenue and $0.74 EPS.</p>

Voya Investment Management LLC Sells 26,200 Shares of Fortinet, Inc. $FTNT