<div id="readability-page-1"><p>Sarasin &amp; Partners LLP boosted its holdings in  Fortinet, Inc. (NASDAQ:FTNT - Free Report) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor  owned 2,894,003 shares of the software maker's stock after acquiring an additional 85,278 shares during the quarter. Fortinet accounts for approximately  2.4% of Sarasin &amp; Partners LLP's holdings, making the stock its 16th largest position. Sarasin &amp; Partners LLP owned approximately 0.38% of Fortinet worth $244,977,000 at the end of the most recent quarter.</p><ul><li>3 Cybersecurity Stocks Poised for Long-Term Growth</li></ul><p>Other institutional investors and hedge funds have also modified their holdings of the company. LSV Asset Management purchased a new stake in shares of  Fortinet during the second quarter valued at $25,000.  Saudi Central Bank purchased a new position in  Fortinet in the 1st quarter worth about $25,000.  E Fund Management Hong Kong Co. Ltd. lifted its stake in  Fortinet by 41.4% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 355 shares of the software maker's stock valued at $38,000 after acquiring an additional 104 shares during the period.  Quaker Wealth Management LLC boosted its holdings in shares of  Fortinet by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 363 shares of the software maker's stock valued at $38,000 after acquiring an additional 726 shares during the last quarter.  Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of  Fortinet in the second quarter worth approximately $40,000. Institutional investors own  83.71% of the company's stock. </p><h2>Insiders Place Their Bets</h2><p>In related news, VP Michael Xie sold 3,546 shares of the company's stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $86.53, for a total value of $306,835.38. Following the completion of the transaction, the vice president owned 10,492,018 shares of the company's stock, valued at approximately $907,874,317.54. This represents a 0.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ken Xie sold 158,485 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $86.51, for a total value of $13,710,537.35. Following the completion of the sale, the chief executive officer owned 51,391,879 shares of the company's stock, valued at $4,445,911,452.29. The trade was a 0.31% decrease in their position. The disclosure for this sale is available in the SEC filing. 17.20% of the stock is currently owned by insiders. </p><h2>Fortinet Price Performance</h2><ul><li>Downgraded But Not Done: 3 Stocks Ready for a Market Comeback</li></ul><p>NASDAQ FTNT opened at $80.24 on Friday. The business's fifty day moving average is $82.77 and its 200 day moving average is $88.57. Fortinet, Inc. has a fifty-two week low of $70.12 and a fifty-two week high of $114.82. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.94 and a current ratio of 1.03. The company has a market capitalization of $59.67 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 2.99 and a beta of 1.10. </p><p>Fortinet (NASDAQ:FTNT - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.11. The firm had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.70 billion. Fortinet had a return on equity of 118.27% and a net margin of 28.58%.The business's quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 EPS. Fortinet has set its FY 2025 guidance at 2.660-2.700 EPS and its Q4 2025 guidance at 0.730-0.750 EPS.  Sell-side analysts predict that  Fortinet, Inc. will post 2.09 earnings per share for the current year. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>3 Cybersecurity Stocks to Watch Ahead of 2026 Midterms</li></ul><p>A number of brokerages recently weighed in on FTNT. Hsbc Global Res downgraded shares of Fortinet from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Friday, November 7th. Jefferies Financial Group decreased their target price on shares of Fortinet from $85.00 to $80.00 and set a &#34;hold&#34; rating for the company in a research note on Thursday, November 6th. Barclays lowered their price target on Fortinet from $90.00 to $88.00 and set an &#34;equal weight&#34; rating on the stock in a report on Thursday, November 6th. Weiss Ratings  reaffirmed a &#34;hold (c)&#34; rating on shares of Fortinet in a report on Monday, December 15th. Finally, UBS Group lowered their target price on Fortinet from $90.00 to $80.00 and set a &#34;neutral&#34; rating on the stock in a report on Thursday, November 6th. One equities research analyst  has rated the stock with a Strong Buy rating, five have issued  a Buy rating, twenty-seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Fortinet currently has an average rating of &#34;Hold&#34; and a consensus target price of $90.11.</p><p><b>Check Out Our Latest Report on Fortinet</b></p><h2>Fortinet Company Profile</h2> (Free Report)<p>Fortinet, Inc <span>NASDAQ: FTNT<span></span></span> 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.  </p><p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Fortinet</li><li>Why Are These Companies Considered Blue Chips?</li><li>These 3 Banks Are Rallying Into Year-End, But Will It Continue?</li><li>How to Short a Stock in 5 Easy Steps </li><li>3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&amp;P 500</li><li>What Are Dividend Achievers? An Introduction</li><li>This ETF Caught a Major Tailwind After the Fed’s Rate Cut</li></ul><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>

FTNT

<p>Sarasin & Partners LLP increased its holdings in Fortinet, Inc. by 3.0% in the 3rd quarter, acquiring an additional 85,278 shares. The firm now owns 2,894,003 shares, making Fortinet its 16th largest position. Fortinet's recent earnings report showed a quarterly revenue increase of 14.4% year-over-year. Insiders, including VP Michael Xie and CEO Ken Xie, sold shares recently. Several brokerages have downgraded Fortinet's stock rating.</p>

Sarasin & Partners LLP Purchases 85,278 Shares of Fortinet, Inc. $FTNT