Gf Fund Management 13F: Adds $8.6M to Fortinet (FTNT) Stake
Key Points
- Gf Fund Management's stake in Fortinet grew to 196,264 shares, valued at about $350.8 million after the boost.
- The fund's reported value for Fortinet is now approximately $4.25 billion, with the position accounting for 0.83% of its total portfolio.
- Fortinet recently traded at $183.34, which is about equal to its closing price of $183.33 on the filing date.
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On October 26, 2026, Gf Fund Management boosted its stake in Fortinet, Inc. (FTNT) by 48,306 shares, raising its total holdings to 196,264 shares. This increase is valued at approximately $35.1 million, according to the fund's latest Form 13F filing with the SEC.
FTNT
Fortinet, Inc.
Where Fortinet Fits in Gf Fund Management's Portfolio
Gf Fund Management's position in Fortinet now represents 0.83% of its total portfolio, ranking 27th among its 616 reported positions.
Other Institutional Activity in Fortinet
Klingman & Associates added 2,814 shares to its Fortinet position, bringing its total to 4,165 shares valued at about $744,536. Meanwhile, E. Ohman J:or Asset Management trimmed its holdings by 84,980 shares, leaving it with 170,639 shares worth approximately $30.5 million.
Fortinet, Inc. Stock Up 1.9%
Fortinet shares recently traded at $183.34, which is about equal to the closing price of $183.33 on October 26, 2026. The stock is currently above its 50-day moving average by 7.5% and well above its 200-day average by 45.2%. However, it remains 7% below its 52-week high of $197.13.
Recent Earnings
In its most recent earnings report, Fortinet reported trailing twelve-month revenue of about $7.53 billion, with a net margin of 28.2%. The next earnings report is scheduled for October 28, 2026.
Insider Buying and Selling at Fortinet, Inc.
Several insiders sold shares earlier this year. Kenneth Qing Xie, the CEO, sold 161,482 shares valued at approximately $26.3 million on August 3, 2026. Other executives also sold shares around the same time, but no insider buying was reported.
Analysts Set New Price Targets
On October 13, 2026, TD Cowen maintained a "Buy" rating on Fortinet with a price target of $225.00, while Mizuho and Wells Fargo maintained their "Underperform" and "Underweight" ratings, respectively, both with targets of $160.00. The consensus rating remains a "Hold" with an average target price of $169.31.
About Fortinet
Fortinet, Inc. provides cybersecurity solutions and combines networking and security technologies worldwide. With a significant market cap of approximately $132.1 billion, Fortinet is positioned as a leader in the technology sector, particularly in software infrastructure.
Bottom Line
Investors will be watching Fortinet closely as it approaches its next earnings date on October 28, 2026. Gf Fund Management's recent increase in its stake suggests continued interest in the company's future performance.
Related Filing Alerts
Source: Gf Fund Management's 13F filing on $FTNT (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts