Market Cap
$129.1B
FTNT
Fortinet, Inc.
$182.65 ▲ +2.20%
Prev close $178.72Market cap$129.1B
ConsensusSell
12-mo target$164.32 (-10.0%)
▼ Bearish
Analyst conviction 3/10
Insider Selling Cluster (2 insiders)32 New Institutional Positions18 Institutional ExitsCongressional Activity (3) Cybersecurity
Snapshot
The big-picture read on FTNT right now — valuation, ownership and activity at a glance.
Cap Size
Large Cap
Analyst Consensus
Hold (31%)
Inst. Holders
50 funds
Inst. Value
$59.6B
Inst. Activity
32 buys / 18 sells
Insider Activity
$0.00 buy / $36.2M sell
Insider Net $
-$36.2M
Social Sentiment
69° Warm
SEC Reports
10
Press Releases
2
Congressional
4 trades
Price chart 30d +18.2%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
No data for this timeframe.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Oct 2, 2026 earnings
Fortinet to Announce Third Quarter 2026 Financial Results
SUNNYVALE, Calif., Oct. 02, 2026 (GLOBE NEWSWIRE) -- News Summary Fortinet ® (NASDAQ: FTNT), the glo
Sep 30, 2026 Insider
Napolitano Janet acquired via exercise 459 shares
Director
Sep 30, 2026 Insider
Kan Derek T. acquired via exercise 459 shares
Director
Sep 30, 2026 Insider
Aug 28, 2026 Press Hu Jean X. acquired via exercise 459 shares
Director
Fortinet announced a multi-year sponsorship agreement with Stanford Athletics, including naming rights to the Fortinet D
Impact 2/10
Fortinet acquired Virtue AI, an AI runtime protection and validation startup, to bolster its Security for AI strategy. T
Impact 3/10
Aug 10, 2026 Congress
Aug 5, 2026 SEC Ro Khanna sell
$1,001 - $15,000 — House
CEO Ken Xie sold ~$26.3M in open-market shares on August 3, 2026, alongside CFO Christiane Ohlgart and CTO Michael Xie,
CLUSTER — Impact 3/10
Analyst ratings buy % -8.8%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
31% rate it Buy or better · 52 analysts
Recent analyst actions
| Date | Firm | Action | Rating | Firm rating |
|---|---|---|---|---|
| Sep 17, 2026 | Bernstein | MAINTAIN | Market Perform | 51% |
| Jul 31, 2026 | Susquehanna | MAINTAIN | Neutral | 56% |
| Jul 30, 2026 | Citigroup | MAINTAIN | Neutral | 55% |
| Jul 30, 2026 | Piper Sandler | MAINTAIN | Neutral | 54% |
| Jul 30, 2026 | RBC Capital | MAINTAIN | Sector Perform | 55% |
| Jul 30, 2026 | Morgan Stanley | MAINTAIN | Equal-Weight | 55% |
| Jul 30, 2026 | Stifel | MAINTAIN | Hold | 54% |
| Jul 30, 2026 | Wells Fargo | MAINTAIN | Underweight | 54% |
| Jul 30, 2026 | Evercore ISI Group | MAINTAIN | In-Line | 59% |
| Jul 30, 2026 | Cantor Fitzgerald | MAINTAIN | Neutral | 49% |
Monthly consensus history
| Period | Str. Buy | Buy | Hold | Sell | Str. Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Sep 1, 2026 | 5 | 11 | 30 | 5 | 1 | 31% | |
| Aug 1, 2026 | 6 | 11 | 29 | 5 | 1 | 33% | |
| Jul 1, 2026 | 6 | 11 | 30 | 5 | 0 | 33% | |
| Jun 1, 2026 | 6 | 11 | 31 | 4 | 0 | 33% | |
| May 1, 2026 | 6 | 11 | 31 | 4 | 0 | 33% | |
| Apr 1, 2026 | 6 | 10 | 31 | 4 | 0 | 31% | |
| Mar 1, 2026 | 6 | 10 | 31 | 3 | 0 | 32% | |
| Feb 1, 2026 | 6 | 12 | 29 | 3 | 0 | 36% |
Price targets
Where 36 covering analysts think FTNT trades over the next 12 months.
$164.32 -10.0% upside Sell
Current$182.65 Low$104.00 Median$165.00 High$220.00 36 analysts
$104.00$220.00
Analyst rating Hold· 2.8/5 as of Oct 2, 2026
Social media sentiment mood +20.0%
Retail-investor mood aggregated across social media. 0° = very bearish, 100° = very bullish.
69°
Warm
BearishNeutralBullish
Recent posts
Shouldn't we buy CrowdStrike (CRWD) put options?
▲ 1 · 💬 6· ⚡ 0.5
Roast my first little portfolio, complete newbie. Constructive criticism also welcome
▲ 1 · 💬 6· ⚡ 0.5
FTNT
▲ 1 · 💬 1· ⚡ 0.5
Invested in these over past 5-7 years, what now?
▲ 1 · 💬 0· ⚡ 0.5
Cybersecurity stocks dipping on Claude Code Security news: PANW, CRWD, FTNT, NET worth buying?
▲ 1 · 💬 0· ⚡ 0.0
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
10 SEC filing reports analyzed · 0 bullish, 0 bearish, 0 mixed, 10 neutral · avg impact 2.4/10.Plus 2 press releases.
NEUTRALANALYST-UPGRADE4/10
Morgan Stanley upgrades FTNT to Equal-Weight — PT $133 (+66.3%)
Jul 21, 2026
NEUTRALCLUSTER3/10
CEO Ken Xie sold ~$26.3M in open-market shares on August 3, 2026, alongside CFO Christiane Ohlgart a
Aug 5, 2026
NEUTRALCOURT-RULING1/10
The Northern District of California issued an interim order on Fortinet's request for default judgme
Jul 19, 2026
NEUTRALCOURT-RULING2/10
The court consolidated two securities class actions against Fortinet, appointed Union Asset Manageme
Jul 4, 2026
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Oct 2, 2026
earnings
Fortinet to Announce Third Quarter 2026 Financial Results
SUNNYVALE, Calif., Oct. 02, 2026 (GLOBE NEWSWIRE) -- News Summary Fortinet ® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence o
Oct 1, 2026
short_volume
Short Volume: FTNT — 61.4% short (0.6M / 1.1M)
Short: 646,704 | Exempt: 820 | TRF Vol: 1,052,714 | Short Ratio: 61.4% | Off-exchange volume (dark pool + OTC)
Sep 30, 2026
short_volume
Short Volume: FTNT — 60.5% short (0.6M / 1.0M)
Short: 618,527 | Exempt: 5,291 | TRF Vol: 1,022,809 | Short Ratio: 60.5% | Off-exchange volume (dark pool + OTC)
Sep 29, 2026
short_volume
Short Volume: FTNT — 56.3% short (0.5M / 0.9M)
Short: 526,223 | Exempt: 3,478 | TRF Vol: 934,279 | Short Ratio: 56.3% | Off-exchange volume (dark pool + OTC)
Sep 25, 2026
short_volume
Short Volume: FTNT — 66.4% short (0.7M / 1.1M)
Short: 701,071 | Exempt: 258 | TRF Vol: 1,056,198 | Short Ratio: 66.4% | Off-exchange volume (dark pool + OTC)
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
| Period | EPS Est. | Range | Growth | 30d Rev | Up/Dn | Revenue | # |
|---|---|---|---|---|---|---|---|
| Current Q | $0.86 | $0.84–$0.92 | 15.8% | -0.0% | 36↑ 0↓ | $2.1B | 38 |
| Next Q | $0.88 | $0.84–$0.98 | 8.1% | -0.0% | 36↑ 0↓ | $2.2B | 38 |
| Current FY | $3.45 | $3.41–$3.62 | 25.0% | +0.3% | — | $8.1B | 41 |
| Next FY | $3.78 | $3.23–$4.55 | 9.5% | +0.5% | 2↑ 0↓ | $9.0B | 42 |
Current-quarter EPS estimate — revision history
| When | EPS estimate | Change vs now |
|---|---|---|
| Current | $0.857 | — |
| 7d ago | $0.857 | — |
| 30d ago | $0.857 | -0.000 |
| 60d ago | $0.765 | +0.092 |
| 90d ago | $0.765 | +0.093 |
Institutional ownership
Which big funds own FTNT (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $59.6B total value (387,995,195 shares) as of 2026-Q2. Top holders: BlackRock,, VANGUARD, STATE. Net buying activity: 32 institutions added/increased vs 18 reduced.
Top holders — 2026-Q2
| Fund | Shares | Value | % Tracked | Last move |
|---|---|---|---|---|
| BlackRock, Inc. | 62,242,221 | $9.6B | 16.0% | — |
| VANGUARD CAPITAL MANAGEMENT LLC | 40,663,961 | $6.2B | 10.5% | — |
| STATE STREET CORP | 29,630,652 | $4.6B | 7.6% | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 24,844,685 | $3.8B | 6.4% | — |
| Invesco Ltd. | 24,621,016 | $3.8B | 6.3% | — |
| GEODE CAPITAL MANAGEMENT, LLC | 17,439,799 | $2.7B | 4.5% | — |
| NORGES BANK | 12,449,356 | $1.9B | 3.2% | NEW |
| FIRST TRUST ADVISORS LP | 10,815,814 | $1.7B | 2.8% | — |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 10,127,342 | $1.6B | 2.6% | — |
| Bank of New York Mellon Corp | 9,327,182 | $1.4B | 2.4% | TRIM -30.0% |
Recent position changes
| Fund | Action | Prev | Current | Change | Value |
|---|---|---|---|---|---|
| NORGES BANK | NEW | — | 12,449,356 | — | $1.9B |
| Bank of New York Mellon Corp | TRIM | 13,333,083 | 9,327,182 | -30.0% | $1.4B |
| D. E. Shaw & Co., Inc. | ADD | 2,867,337 | 4,849,811 | +69.1% | $745.0M |
| JANE STREET GROUP, LLC | DOUBLED | 142,292 | 4,082,817 | +2769.3% | $627.2M |
| DEUTSCHE BANK AG\ | TRIM | 6,443,964 | 3,782,726 | -41.3% | $581.1M |
| Fundsmith LLP | TRIM | 6,156,675 | 3,629,938 | -41.0% | $557.6M |
| AMERIPRISE FINANCIAL INC | ADD | 1,949,553 | 3,372,641 | +73.0% | $518.2M |
| Capital World Investors | ADD | 1,605,884 | 2,739,976 | +70.6% | $420.9M |
| CITADEL ADVISORS LLC | DOUBLED | 1,027,480 | 2,379,364 | +131.6% | $365.5M |
| Pictet Asset Management Holding SA | TRIM | 3,287,041 | 2,151,719 | -34.5% | $330.6M |
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
11 insiders, 50 transactions. Net -$36.2M — $0.00 bought, $36.2M sold.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 30, 2026 | Napolitano Janet | Director | EXERCISE | 459 | — | — |
| Sep 30, 2026 | Kan Derek T. | Director | EXERCISE | 459 | — | — |
| Sep 30, 2026 | Hu Jean X. | Director | EXERCISE | 459 | — | — |
| Sep 30, 2026 | GOLDMAN KENNETH A | Director | EXERCISE | 459 | — | — |
| Sep 30, 2026 | STAVRIDIS JAMES G. | Director | EXERCISE | 459 | — | — |
| Sep 30, 2026 | Sim Judith | Director | EXERCISE | 459 | — | — |
| Sep 30, 2026 | Hsieh Ming | Director | EXERCISE | 459 | — | — |
| Sep 24, 2026 | Ohlgart Christiane | Chief Financial Officer | SELL | 48 | $180.00 | $8.6K |
| Sep 15, 2026 | Whittle John | CHIEF OPERATING OFFICER | EXERCISE | 2,835 | $62.11 | $176.1K |
| Sep 15, 2026 | Whittle John | CHIEF OPERATING OFFICER | SELL | 2,835 | $168.74 | $478.4K |
Congressional trades
FTNT trades disclosed by members of Congress, with disclosure delay.
3 members · 1 buys / 3 sells
| Date | Member | Party | Chamber | Type | Amount | Asset | Disclosed |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026 | Ro Khanna | D | HOUSE | SELL | $1,001 - $15,000 | Fortinet Inc | Sep 7, 2026(29d) |
| Jul 10, 2026 | Dan Newhouse | R | HOUSE | SELL | $1,001 - $15,000 | Fortinet Inc | Jul 20, 2026(11d) |
| Jul 7, 2026 | Ro Khanna | D | HOUSE | BUY | $1,001 - $15,000 | Fortinet Inc | Aug 12, 2026(37d) |
| Feb 19, 2026 | Anthony Wied | R | HOUSE | SELL | $15,001 - $50,000 | Fortinet Inc | Mar 12, 2026(22d) |
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for FTNT.
Shares short
13,718,909
Settlement Sep 15, 2026
Change vs prior
+1.2%
Semi-monthly cycle
Days to cover
3.5
At avg daily volume
Of shares outstanding
≈1.9%
Estimate — not % of float
All FTNT filing & press-release reports (12)
- Morgan Stanley upgrades FTNT to Equal-Weight — PT $133 (+66.3%)Jul 21, 2026
- PRESS-RELEASE reportAug 28, 2026
- PRESS-RELEASE reportAug 17, 2026
- CLUSTER reportAug 5, 2026
- COURT-RULING reportJul 19, 2026
- COURT-RULING reportJul 4, 2026
- PRESS-RELEASE reportJul 2, 2026
- CLUSTER reportJun 5, 2026
- CLUSTER reportMay 22, 2026
- CLUSTER reportMay 8, 2026
- PRESS-RELEASE reportApr 30, 2026
- PRESS-RELEASE reportApr 2, 2026