Fortinet(US:FTNT) Yahoo Finance·2026-01-13 12:17Group 1: Fundsmith Equity Fund Performance - Fundsmith Equity Fund's T Class Accumulation shares returned 0.8% in 2025, underperforming the MSCI World Index which returned 12.8% [1] - Since inception, the fund has outperformed the index by 1.7% per annum [1] - The underperformance in 2025 is attributed to index concentration, growth of assets in Index Funds, and weakness in the dollar [1] Group 2: Fortinet, Inc. Overview - Fortinet, Inc. (NASDAQ:FTNT) is a global provider of cybersecurity and networking solutions [2] - The stock experienced a one-month return of -4.62% and a 52-week loss of 14.95% [2] - As of January 12, 2026, Fortinet's stock closed at $78.66 with a market capitalization of $60.274 billion [2] Group 3: Fundsmith's Investment in Fortinet - Fundsmith Equity Fund purchased Fortinet shares after a decline from previous highs related to Covid revenue growth [3] - Recent disappointments regarding over-hyped revenue potential from a renewal cycle have affected Fortinet's stock performance [3] Group 4: Fortinet's Financial Performance - In Q3 2025, Fortinet's total revenue grew by 14% year-over-year to $1.72 billion [4] - Fortinet is not among the 30 most popular stocks among hedge funds, with 44 hedge fund portfolios holding its shares at the end of Q3 2025, down from 46 in the previous quarter [4]