Sarasin & Partners Reduces Fortinet Stake

Institutional investor sells over 115,000 shares of cybersecurity firm

Mar. 22, 2026 at 10:18am

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Sarasin & Partners LLP, a major institutional investor, decreased its position in Fortinet, Inc. (NASDAQ:FTNT) by 4.0% in the fourth quarter, according to a recent SEC filing. The firm now owns 2,778,041 shares of the software maker's stock, down from 2,894,003 shares at the end of the previous quarter.

Why it matters

Fortinet is a leading cybersecurity company, and changes in major institutional ownership can signal shifts in investor sentiment around the stock. Sarasin & Partners' reduction in its Fortinet position, though relatively small, could indicate broader market concerns about the company's growth prospects or valuation.

The details

According to the 13F filing, Sarasin & Partners sold 115,962 shares of Fortinet stock during the fourth quarter. The firm now owns approximately 2.78 million shares, or 0.37% of the company's outstanding stock, worth around $220.6 million based on Fortinet's current share price.

  • Sarasin & Partners reduced its Fortinet stake in the fourth quarter of 2025.

The players

Sarasin & Partners LLP

A major institutional investor that manages over $20 billion in assets.

Fortinet, Inc.

A multinational cybersecurity company that develops and delivers integrated security solutions for enterprise, service provider and government customers worldwide.

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The takeaway

While Sarasin & Partners' reduction in its Fortinet position is relatively small, it could signal broader market concerns about the cybersecurity firm's growth prospects or valuation. Investors will be watching to see if other major institutional holders make similar moves in the coming quarters.