Swiss National Bank Has $157.68 Million Stock Holdings in Fortinet, Inc. $FTNT

NodeGuardian · 2026-03-11T10:26:21+00:00

The Swiss National Bank cut its Fortinet stake by 5.2%, now owning 1,875,400 shares worth $157.68 million. Meanwhile, institutional investors increased their positions, and analysts have a "Hold" rating with an $88.62 target price, following strong earnings and positive forecasts.

NodeGuardian

2026-03-11 10:26:21

Abstract generation in progress

The Swiss National Bank reduced its stake in Fortinet (NASDAQ:FTNT) by 5.2% in the third quarter, now holding 1,875,400 shares valued at $157.68 million. Despite this, other institutional investors have increased their holdings, and analysts maintain a “Hold” rating with an average target price of $88.62 for the cybersecurity company. Fortinet recently reported strong quarterly earnings, beating analyst estimates, and provided positive Q1 and FY 2026 guidance.

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