FTNT

Fortinet, Inc.

Nasdaq · Computer Peripheral Equipment, NEC · Inc. DE · CIK 0001262039
$144.68 -3.33% $109.7B
Insider Selling Cluster (4 insiders)
Vol
Market Cap$109.7B
Cap SizeLarge Cap
Analyst ConsensusHold (33%)
Inst. Holders9 funds
Inst. Value$8.8B
Inst. Activity1 buys / 1 sells
Insider Activity0B / 12S
Insider Net $-$23.4M
Reddit Sentiment67° Warm
SEC Reports6
Congressional1 trades
Exchange Nasdaq·Sector Computer Peripheral Equipment, NEC·Inc. DE·CIK 0001262039·Prev Close $149.67

Recent Activity

Aug 4, 2026 earnings_calendar
FTNT Q2 2026 Earnings After Market Close — 2026-08-04
EPS est: $0.71 | Rev est: $1.9B
Jun 3, 2026 Insider
Xie Michael sold 464 shares
VP, ENGINEERING & CTO @ $144.46 ($67.0K)
Jun 2, 2026 Insider
Xie Ken sold 155,000 shares
PRESIDENT & CEO @ $0.00 ($0.00)
Jun 2, 2026 Insider
Xie Ken sold 155,000 shares
PRESIDENT & CEO @ $22.90 ($3.5M)
May 31, 2026 SEC
Rosenblatt upgrades FTNT to Buy — PT $100 (-27.5%)
ANALYST-UPGRADE — Impact 1/10
May 22, 2026 SEC
Fortinet insiders, including COO John Whittle and CFO Christiane Ohlgart, sold shares in aggregate worth approximately $
CLUSTER — Impact 2/10
May 1, 2026 SEC
Rosenblatt upgrades FTNT to Buy — PT $100 (+19%) amid cluster of 22 analyst actions
ANALYST-UPGRADE — Impact 2/10
Inst.
NORGES BANK — NEW
14,518,531 shares ($1.2B)

Price Targets

$107.86 -25.4% upside Strong Sell
Current $144.68 Low $70.00 Median $110.00 High $150.00 36 analysts
$70.00 $150.00

Analyst Ratings

Sell33% buy · 52 analysts
6Strong Buy
11Buy
31Hold
4Sell
0Strong Sell
Recent Analyst Actions
DateFirmActionRating
May 26, 2026 BTIG MAINTAIN Buy → Buy
May 8, 2026 Citigroup MAINTAIN Neutral → Neutral
May 8, 2026 Barclays MAINTAIN Equal-Weight → Equal-Weight
May 8, 2026 Susquehanna MAINTAIN Neutral → Neutral
May 7, 2026 UBS MAINTAIN Neutral → Neutral

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $0.74 ▲ +7.1% $0.72 — $0.80 16% YoY 38
Next Q $0.76 ▼ -1.7% $0.72 — $0.84 3% YoY 38
Current FY $3.16 ▲ +6.1% $3.11 — $3.37 14% YoY 41
Next FY $3.43 ▲ +3.6% $2.99 — $3.93 9% YoY 42

Top Institutional Holders

FundValueMove
VANGUARD GROUP INC$5.9B
NORGES BANK$1.2BNEW
MORGAN STANLEY$660.1M
CHARLES SCHWAB INVESTMENT MANAGEMENT$359.6MNEW
BANK OF AMERICA CORP$333.3M

Recent Insider Trades

DateInsiderTypeValue
Jun 3, 2026Xie MichaelSELL$67.0K
Jun 2, 2026Xie KenM$0.00
Jun 2, 2026Xie KenM$3.5M
Jun 2, 2026Xie KenSELL$1.4M
May 21, 2026Whittle JohnM$0.00

Reddit Sentiment

67°
Warm
Bearish Neutral Bullish
8 mentions 5 bullish 1 bearish

Congressional Trades

1 members: 0 buys, 1 sells
MemberPartyTypeAmount
Anthony WiedRSELL$15,001 - $50,000
9 institutional holders with $8.8B total value (111,338,415 shares) as of 2025-Q4. Top holders: VANGUARD, NORGES, MORGAN.

Top Institutional Holders — 2025-Q4

#FundSharesValue% of TrackedLast Move
1VANGUARD GROUP INC73,745,561$5.9B66.2%
2NORGES BANK14,518,531$1.2B13.0%NEW
3MORGAN STANLEY8,312,273$660.1M7.5%
4CHARLES SCHWAB INVESTMENT MANAGEMENT INC4,528,790$359.6M4.1%NEW
5BANK OF AMERICA CORP /DE/4,196,944$333.3M3.8%
6FMR LLC3,592,559$285.3M3.2%TRIM -52.1%
7TWO SIGMA INVESTMENTS, LP1,204,080$95.6M1.1%DOUBLED +229.3%
8WELLS FARGO & COMPANY/MN775,483$61.6M0.7%
9RENAISSANCE TECHNOLOGIES LLC464,194$36.9M0.4%TRIM -56.2%

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
NORGES BANKNEW14,518,531$1.2B2025-Q4
RENAISSANCE TECHNOLOGIES LLCTRIM1,060,952464,194-56.2%$36.9M2025-Q4
FMR LLCTRIM8,044,8243,855,512-52.1%$324.2M2025-Q3
TWO SIGMA INVESTMENTS, LPDOUBLED401,9311,323,411+229.3%$111.3M2025-Q3
RENAISSANCE TECHNOLOGIES LLCTRIM2,060,8511,060,952-48.5%$89.2M2025-Q3
NORGES BANKEXIT15,521,1900-100.0%$0.002025-Q3
NORGES BANKNEW15,521,190$1.6B2025-Q2
RENAISSANCE TECHNOLOGIES LLCTRIM3,434,3512,060,851-40.0%$217.9M2025-Q2
TWO SIGMA INVESTMENTS, LPNEAR_EXIT2,098,119401,931-80.8%$42.5M2025-Q2
RENAISSANCE TECHNOLOGIES LLCTRIM4,621,2103,434,351-25.7%$330.6M2025-Q1
NORGES BANKEXIT7,663,5080-100.0%$0.002025-Q1
NORGES BANKADD5,412,3527,663,508+41.6%$724.0M2024-Q4
UBS Group AGADD2,860,5884,239,879+48.2%$400.6M2024-Q4
CHARLES SCHWAB INVESTMENT MANAGEMENT INCNEW3,817,859$296.1M2024-Q3
10 unique insiders with 12 transactions. Net insider value: -$23.4M ($0.00 bought, $23.4M sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
Jun 3, 2026Xie MichaelVP, ENGINEERING & CTOSELL464$144.46$67.0K
Jun 2, 2026Xie KenPRESIDENT & CEOM155,000$0.00$0.00
Jun 2, 2026Xie KenPRESIDENT & CEOM155,000$22.90$3.5M
Jun 2, 2026Xie KenPRESIDENT & CEOSELL9,641$142.37$1.4M
May 21, 2026Whittle JohnCHIEF OPERATING OFFICERM89,000$0.00$0.00
May 21, 2026Whittle JohnCHIEF OPERATING OFFICERM89,000$34.39$3.1M
May 21, 2026Whittle JohnCHIEF OPERATING OFFICERSELL86,820$128.15$11.1M
May 20, 2026Ohlgart ChristianeChief Financial OfficerSELL238$130.00$30.9K
May 19, 2026GOLDMAN KENNETH ADirectorG1,500$0.00$0.00
May 19, 2026Xie MichaelVP, ENGINEERING & CTOG2,927,294$0.00$0.00
May 14, 2026Ohlgart ChristianeChief Financial OfficerSELL756$120.00$90.7K
May 11, 2026Ohlgart ChristianeChief Financial OfficerSELL238$115.00$27.4K
May 7, 2026Ohlgart ChristianeChief Financial OfficerSELL756$110.00$83.2K
May 5, 2026Ohlgart ChristianeChief Financial OfficerSELL596$89.70$53.5K
May 4, 2026Xie MichaelVP, ENGINEERING & CTOSELL190$87.04$16.5K
May 4, 2026Xie KenPRESIDENT & CEOSELL410$87.04$35.7K
May 1, 2026Ohlgart ChristianeChief Financial OfficerM2,366$0.00$0.00
May 1, 2026Ohlgart ChristianeChief Financial OfficerM685$0.00$0.00
May 1, 2026Ohlgart ChristianeChief Financial OfficerF1,742$86.29$150.3K
May 1, 2026Ohlgart ChristianeChief Financial OfficerM2,366$0.00$0.00
May 1, 2026Xie KenPRESIDENT & CEOM6,260$0.00$0.00
May 1, 2026Xie MichaelVP, ENGINEERING & CTOM2,763$0.00$0.00
May 1, 2026Xie KenPRESIDENT & CEOM6,260$0.00$0.00
May 1, 2026Xie KenPRESIDENT & CEOF6,611$86.29$570.5K
May 1, 2026Xie MichaelVP, ENGINEERING & CTOM2,763$0.00$0.00
May 1, 2026Xie MichaelVP, ENGINEERING & CTOF3,184$86.29$274.7K
May 1, 2026Whittle JohnCHIEF OPERATING OFFICERF2,309$86.29$199.2K
May 1, 2026Whittle JohnCHIEF OPERATING OFFICERM1,608$0.00$0.00
May 1, 2026Whittle JohnCHIEF OPERATING OFFICERM1,608$0.00$0.00
Apr 17, 2026Xie KenPRESIDENT & CEOG236,431$0.00$0.00
Apr 17, 2026Ohlgart ChristianeChief Financial OfficerA2,366$0.00$0.00
Mar 31, 2026STAVRIDIS JAMES G.DirectorM649$0.00$0.00
Mar 31, 2026STAVRIDIS JAMES G.DirectorM649$0.00$0.00
Mar 31, 2026Hsieh MingDirectorM649$0.00$0.00
Mar 31, 2026Hsieh MingDirectorM649$0.00$0.00
Mar 31, 2026Hu Jean X.DirectorM649$0.00$0.00
Mar 31, 2026Hu Jean X.DirectorM649$0.00$0.00
Mar 31, 2026Napolitano JanetDirectorM649$0.00$0.00
Mar 31, 2026Napolitano JanetDirectorM649$0.00$0.00
Mar 31, 2026GOLDMAN KENNETH ADirectorM649$0.00$0.00
Mar 31, 2026GOLDMAN KENNETH ADirectorM649$0.00$0.00
Mar 31, 2026Sim JudithDirectorM649$0.00$0.00
Mar 31, 2026Sim JudithDirectorM649$0.00$0.00
Feb 20, 2026Whittle JohnCHIEF OPERATING OFFICERA15,660$0.00$0.00
Feb 20, 2026Xie MichaelVP, ENGINEERING & CTOA18,792$0.00$0.00
Feb 20, 2026Xie KenPRESIDENT & CEOA31,320$0.00$0.00
Feb 20, 2026Ohlgart ChristianeChief Financial OfficerA12,528$0.00$0.00
Feb 3, 2026Ohlgart ChristianeChief Financial OfficerSELL507$80.73$40.9K
Feb 2, 2026Xie MichaelVP, ENGINEERING & CTOM324,285$16.90$5.5M
Feb 2, 2026Xie MichaelVP, ENGINEERING & CTOSELL129,378$81.01$10.5M

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Current analyst consensus: Sell (33% buy). Based on 52 analysts: 6 strong buy, 11 buy, 31 hold, 4 sell, 0 strong sell.

Analyst Price Targets

$107.86 mean target -25.4% upside Strong Sell (2.72)
$70.00 Low $150.00 High
MetricValue
Current Price$144.68
Target Low$70.00
Target Mean$107.86
Target Median$110.00
Target High$150.00
# Analysts36
RecommendationStrong Sell (2.72)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-06-30
$0.74 $0.72 $0.80 16.4% +7.1% 38↑ 0↓ $1.9B 15.7% 38
Next Q
2026-09-30
$0.76 $0.72 $0.84 3.2% -1.7% 5↑ 24↓ $2.0B 13.2% 38
Current FY
2026-12-31
$3.16 $3.11 $3.37 14.4% +6.1% 39↑ 0↓ $7.8B 14.9% 41
Next FY
2027-12-31
$3.43 $2.99 $3.93 8.5% +3.6% 39↑ 0↓ $8.6B 10.6% 42

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$0.745
7d ago$0.745+0.000
30d ago$0.695+0.049
60d ago$0.696+0.049
90d ago$0.695+0.050
21 analyst firms have rated this stock: 3 upgrades, 3 downgrades, 1 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
May 26, 2026 BTIG MAINTAIN Buy Buy
May 8, 2026 Citigroup MAINTAIN Neutral Neutral
May 8, 2026 Barclays MAINTAIN Equal-Weight Equal-Weight
May 8, 2026 Susquehanna MAINTAIN Neutral Neutral
May 7, 2026 UBS MAINTAIN Neutral Neutral
May 7, 2026 TD Cowen MAINTAIN Buy Buy
May 7, 2026 JP Morgan MAINTAIN Underweight Underweight
May 7, 2026 Scotiabank MAINTAIN Sector Perform Sector Perform
May 7, 2026 RBC Capital MAINTAIN Sector Perform Sector Perform
May 7, 2026 Truist Securities REITERATE Buy Buy
May 7, 2026 Wells Fargo MAINTAIN Underweight Underweight
May 7, 2026 Evercore ISI Group MAINTAIN In-Line In-Line
May 7, 2026 Piper Sandler MAINTAIN Neutral Neutral
May 7, 2026 Stephens & Co. MAINTAIN Equal-Weight Equal-Weight
May 7, 2026 Rosenblatt MAINTAIN Buy Buy
May 7, 2026 Mizuho MAINTAIN Underperform Underperform
May 7, 2026 BTIG UPGRADE Neutral Buy
May 4, 2026 BMO Capital MAINTAIN Market Perform Market Perform
Apr 21, 2026 Cantor Fitzgerald REITERATE Neutral Neutral
Apr 14, 2026 Mizuho MAINTAIN Underperform Underperform
Mar 3, 2026 Wells Fargo INITIATE Underweight
Feb 17, 2026 Freedom Broker DOWNGRADE Buy Hold
Feb 9, 2026 Citigroup MAINTAIN Neutral Neutral
Feb 9, 2026 BMO Capital MAINTAIN Market Perform Market Perform
Feb 6, 2026 JP Morgan MAINTAIN Underweight Underweight
Feb 6, 2026 RBC Capital MAINTAIN Sector Perform Sector Perform
Feb 6, 2026 Mizuho MAINTAIN Underperform Underperform
Feb 6, 2026 Wedbush REITERATE Outperform Outperform
Feb 6, 2026 Rosenblatt MAINTAIN Buy Buy
Feb 2, 2026 Scotiabank DOWNGRADE Sector Outperform Sector Perform
Jan 30, 2026 JP Morgan MAINTAIN Underweight Underweight
Jan 29, 2026 Rosenblatt UPGRADE Neutral Buy
Jan 23, 2026 TD Cowen UPGRADE Hold Buy
Jan 13, 2026 Citigroup MAINTAIN Neutral Neutral
Jan 5, 2026 Piper Sandler MAINTAIN Neutral Neutral
Dec 18, 2025 Morgan Stanley MAINTAIN Underweight Underweight
Dec 17, 2025 JP Morgan DOWNGRADE Neutral Underweight

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 2026611314033%
May 1, 2026611314033%
Apr 1, 2026610314031%
Mar 1, 2026610313032%
Feb 1, 2026612293036%
Jan 1, 202669313031%
Dec 1, 202569322031%
Nov 1, 2025611312034%
Strong BuyBuyHoldSellStrong Sell
1 members of Congress traded this stock: 0 buys, 1 sells.

Congressional Trades

DateMemberPartyChamberTypeAmountAssetDisclosed
Feb 19, 2026Anthony WiedRHOUSESELL$15,001 - $50,000Fortinet IncMar 12, 2026 (22d)
67°
Warm
Bearish Neutral Bullish
8 mentions 5 bullish 1 bearish 6 time periods

Reddit Sentiment History

DateMentionsSentimentBullishBearishThreads
May 21, 2026150° Neutral001
May 21, 2026150° Neutral001
May 8, 2026160° Warm101
May 8, 2026160° Warm101
Feb 24, 2026267° Warm202
Feb 24, 2026250° Neutral112

Recent Reddit Threads

r/stocks Bullish 3mo ago
The Most Obvious Secular Bull Market That I Can Think Of
▲ 220 💬 98 ⚡ 11.5
r/investing Bullish 28d 19h ago
Invested in these over past 5-7 years, what now?
▲ 1 💬 0 ⚡ 0.5
r/options Neutral 15d 4h ago
FTNT
▲ 1 💬 1 ⚡ 0.5
r/investing Bearish 3mo ago
Cybersecurity market CAGR expected to be 10.4%
▲ 2 💬 5 ⚡ 0.0
Aug 4, 2026
earnings_calendar
FTNT Q2 2026 Earnings After Market Close — 2026-08-04
EPS est: $0.71 | Rev est: $1.9B
Jun 4, 2026
short_volume
Short Volume: FTNT — 60.2% short (1.0M / 1.7M)
Short: 1,035,164 | Exempt: 5,195 | TRF Vol: 1,720,128 | Short Ratio: 60.2% | Off-exchange volume (dark pool + OTC)
May 29, 2026
short_volume
Short Volume: FTNT — 59.8% short (1.2M / 2.1M)
Short: 1,242,173 | Exempt: 27,583 | TRF Vol: 2,077,796 | Short Ratio: 59.8% | Off-exchange volume (dark pool + OTC)
May 19, 2026
short_volume
Short Volume: FTNT — 57.9% short (1.5M / 2.6M)
Short: 1,495,530 | Exempt: 3,729 | TRF Vol: 2,581,226 | Short Ratio: 57.9% | Off-exchange volume (dark pool + OTC)
May 15, 2026
short_volume
Short Volume: FTNT — 58.2% short (1.0M / 1.7M)
Short: 964,050 | Exempt: 8,009 | TRF Vol: 1,655,408 | Short Ratio: 58.2% | Off-exchange volume (dark pool + OTC)
May 14, 2026
short_volume
Short Volume: FTNT — 55.1% short (1.0M / 1.8M)
Short: 994,090 | Exempt: 23,635 | TRF Vol: 1,805,696 | Short Ratio: 55.1% | Off-exchange volume (dark pool + OTC)
May 14, 2026
short_interest
FTD: FTNT — 9,440 shares ($1.1M) failed to deliver
Settlement: 20260514, Price: $117.69, FTD Value: $1,110,993.6, FORTINET INC COM STK (DE)
May 11, 2026
dark_pool
Dark Pool: FTNT — 6.1M shares, 135,616 trades
Week starting 2026-05-11. Total ATS volume: 6,140,931 shares across 135,616 trades.
May 6, 2026
earnings_calendar
FTNT Q1 2026 Earnings After Market Close — 2026-05-06
May 6, 2026
short_volume
Short Volume: FTNT — 62.5% short (1.5M / 2.3M)
Short: 1,468,780 | Exempt: 12,115 | TRF Vol: 2,348,520 | Short Ratio: 62.5% | Off-exchange volume (dark pool + OTC)
May 5, 2026
earnings_calendar
FTNT Q1 2026 Earnings After Market Close — 2026-05-05
EPS est: $0.63 | Rev est: $1.8B
May 4, 2026
dark_pool
Dark Pool: FTNT — 10.8M shares, 185,443 trades
Week starting 2026-05-04. Total ATS volume: 10,819,266 shares across 185,443 trades.
Apr 30, 2026
earnings
The Fortinet 2026 Global Threat Landscape Report Reveals a Surge in AI-Enabled Cybercrime, Contributing to a 389% Increase in Ransomware Victims Year-over-Year
Fortinet leverages threat intelligence to disrupt global cybercrime, transforming awareness into actionable insights <pre>Fortinet leverages threat in
Apr 30, 2026
short_volume
Short Volume: FTNT — 63.2% short (1.1M / 1.7M)
Short: 1,102,574 | Exempt: 3,996 | TRF Vol: 1,745,545 | Short Ratio: 63.2% | Off-exchange volume (dark pool + OTC)
Apr 27, 2026
dark_pool
Dark Pool: FTNT — 4.7M shares, 107,628 trades
Week starting 2026-04-27. Total ATS volume: 4,717,153 shares across 107,628 trades.