Fortinet (FTNT)

Fortinet Australia Pty Ltd • Fortinet Austria GmbH • Fortinet Belgium BV • Fortinet Network Security Brasil LTDA. • Fortinet Technologies (Canada) ULC • Holdings 1504 Enterprises Inc. • Holdings 1502 Enterprises Ltd. • Fortinet International, Inc. • Fortinet Information Technology (Beijing) Co., Ltd. • Fortinet Colombia S.A.S. ...

IRS number

770560389

FTNT stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$117.17

Low target

$101.00

High target

$135.00

Latest filings (excl ownership)

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21 Feb 25

Fortinet Reports Fourth Quarter and Full Year 2024 Financial Results

6 Feb 25

8-K/A

Departure of Directors or Certain Officers

22 Jan 25

8-K

Fortinet Appoints Distinguished Public Sector Leader Janet Napolitano to its Board of Directors

8 Nov 24

Fortinet Reports Third Quarter 2024 Financial Results

7 Aug 24

Fortinet Reports Second Quarter 2024 Financial Results

6 Aug 24

8-K

Fortinet Reports Second Quarter 2024 Financial Results

6 Aug 24

8-K/A

Departure of Directors or Certain Officers

24 Jul 24

Transcripts

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FTNT

Earnings call transcript

2024 Q4

6 Feb 25

FTNT

Earnings call transcript

2024 Q3

7 Nov 24

FTNT

Earnings call transcript

2024 Q2

6 Aug 24

FTNT

Earnings call transcript

2024 Q1

2 May 24

FTNT

Earnings call transcript

2023 Q4

6 Feb 24

FTNT

Earnings call transcript

2023 Q3

2 Nov 23

FTNT

Earnings call transcript

2023 Q2

3 Aug 23

FTNT

Earnings call transcript

2023 Q2

3 Aug 23

FTNT

Earnings call transcript

2023 Q1

4 May 23

FTNT

Earnings call transcript

2022 Q4

7 Feb 23

Latest ownership filings

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Notice of proposed sale of securities

11 Mar 25

144

Notice of proposed sale of securities

10 Mar 25

144

Notice of proposed sale of securities

Financial summary

Financial statements Chart FTNT financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Fortinet earnings reports.

Institutional ownership, Q4 2024

FTNT institutional ownership history Ownership history

66.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1253	1108	+13.1%
Opened positions	234	161	+45.3%
Closed positions	89	100	-11.0%
Increased positions	443	421	+5.2%
Reduced positions	404	379	+6.6%

13F shares	Current	Prev Q	Change
Total value	43.76 tn	34.76 tn	+25.9%
Total shares	509.81 mm	494.33 mm	+3.1%
Total puts	6.65 mm	8.12 mm	-18.0%
Total calls	5.89 mm	6.43 mm	-8.4%
Total put/call ratio	1.1	1.3	-10.5%

Largest owners	Shares	Value	Change
Vanguard	68.12 mm	$6.44 tn	+1.1%
BlackRock	56.63 mm	$5.35 tn	-0.7%
STT State Street	28.23 mm	$2.67 tn	+3.5%
BK The Bank of New York Mellon Corporation	15.95 mm	$1.51 tn	-7.9%
Geode Capital Management	15.27 mm	$1.44 tn	+2.6%
T. Rowe Price	11.20 mm	$1.06 bn	-7.3%
MS Morgan Stanley	11.00 mm	$1.04 tn	+18.3%
Fundsmith	8.53 mm	$805.95 bn	-15.7%
IVZ Invesco	8.39 mm	$792.56 bn	+31.3%
Norges Bank	7.66 mm	$724.05 bn	NEW

Largest transactions	Shares	Bought/sold	Change
Norges Bank	7.66 mm	+7.66 mm	NEW
FMR	6.53 mm	+2.85 mm	+77.2%
Arrowstreet Capital, Limited Partnership	7.62 mm	+2.15 mm	+39.3%
Bessemer	4.91 mm	+2.06 mm	+72.6%
Swedbank AB	4.79 mm	-2.02 mm	-29.6%
IVZ Invesco	8.39 mm	+2.00 mm	+31.3%
Millennium Management	1.82 mm	-1.81 mm	-49.9%
D. E. Shaw & Co.	4.38 mm	-1.77 mm	-28.8%
Amundi	6.58 mm	+1.77 mm	+36.7%
MS Morgan Stanley	11.00 mm	+1.70 mm	+18.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

FTNT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
12 Mar 25	Goldman Kenneth A	Common Stock	Sell	Dispose S	No	Yes	100	2,000	200.00 k	18,612
11 Mar 25	Michael Xie	Common Stock	Sell	Dispose S	No	Yes	99.8027	2,200	219.57 k	11,000,068
11 Mar 25	Michael Xie	Common Stock	Sell	Dispose S	No	Yes	99.301	69,914	6.94 mm	11,002,268
11 Mar 25	Michael Xie	Common Stock	Sell	Dispose S	No	Yes	98.2619	151,842	14.92 mm	11,072,182
11 Mar 25	Michael Xie	Common Stock	Sell	Dispose S	No	Yes	97.3411	92,915	9.04 mm	11,224,024
11 Mar 25	Michael Xie	Common Stock	Sell	Dispose S	No	Yes	96.105	9,913	952.69 k	11,316,939
10 Mar 25	Ken Xie	Common Stock	Sell	Dispose S	No	Yes	98.9693	8,983	889.04 k	51,391,879
10 Mar 25	Ken Xie	Common Stock	Sell	Dispose S	No	Yes	98.3046	23,597	2.32 mm	51,400,862
10 Mar 25	Ken Xie	Common Stock	Sell	Dispose S	No	Yes	97.0534	79,479	7.71 mm	51,424,459
10 Mar 25	Ken Xie	Common Stock	Sell	Dispose S	No	Yes	96.2891	93,941	9.05 mm	51,503,938