FORTINET ($FTNT) posted quarterly earnings results on Wednesday, May 7th. The company reported earnings of $0.58 per share, beating estimates of $0.54 by $0.04. The company also reported revenue of $1,539,700,000, missing estimates of $1,570,772,755 by $-31,072,755.
You can see Quiver Quantitative's $FTNT stock page to track data on insider trading, hedge fund activity, congressional trading, and more.
FORTINET Insider Trading Activity
FORTINET insiders have traded $FTNT stock on the open market 59 times in the past 6 months. Of those trades, 2 have been purchases and 57 have been sales.
Here’s a breakdown of recent trading of $FTNT stock by insiders over the last 6 months:
- KEN XIE (PRESIDENT & CEO) has made 0 purchases and 32 sales selling 547,644 shares for an estimated $54,908,335.
- MICHAEL XIE (VP, ENGINEERING & CTO) has made 0 purchases and 7 sales selling 330,330 shares for an estimated $32,455,790.
- KEITH JENSEN (Chief Financial Officer) has made 0 purchases and 14 sales selling 119,765 shares for an estimated $11,511,466.
- JOHN WHITTLE (CHIEF OPERATING OFFICER) has made 0 purchases and 2 sales selling 38,495 shares for an estimated $3,293,666.
- KENNETH A GOLDMAN has made 0 purchases and 2 sales selling 3,000 shares for an estimated $299,320.
- WILLIAM H. NEUKOM has made 2 purchases buying 683 shares for an estimated $69,845 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
FORTINET Hedge Fund Activity
We have seen 646 institutional investors add shares of FORTINET stock to their portfolio, and 532 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NORGES BANK added 6,759,922 shares (+748.1%) to their portfolio in Q4 2024, for an estimated $638,677,430
- FMR LLC added 2,846,475 shares (+77.2%) to their portfolio in Q4 2024, for an estimated $268,934,958
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 2,151,811 shares (+39.3%) to their portfolio in Q4 2024, for an estimated $203,303,103
- SWEDBANK AB removed 2,015,745 shares (-29.6%) from their portfolio in Q4 2024, for an estimated $190,447,587
- INVESCO LTD. added 2,000,888 shares (+31.3%) to their portfolio in Q4 2024, for an estimated $189,043,898
- BLACKROCK, INC. added 1,985,703 shares (+3.5%) to their portfolio in Q1 2025, for an estimated $191,143,770
- MILLENNIUM MANAGEMENT LLC removed 1,811,984 shares (-49.9%) from their portfolio in Q4 2024, for an estimated $171,196,248
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
FORTINET Congressional Stock Trading
Members of Congress have traded $FTNT stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $FTNT stock by members of Congress over the last 6 months:
- REPRESENTATIVE BYRON DONALDS has traded it 2 times. They made 2 purchases worth up to $30,000 on 02/13 and 0 sales.
- REPRESENTATIVE ROBERT BRESNAHAN sold up to $15,000 on 01/13.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
FORTINET Analyst Ratings
Wall Street analysts have issued reports on $FTNT in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Goldman Sachs issued a "Buy" rating on 01/02/2025
- KeyBanc issued a "Overweight" rating on 12/19/2024
- Morgan Stanley issued a "Overweight" rating on 12/02/2024
- Cowen & Co. issued a "Buy" rating on 11/19/2024
To track analyst ratings and price targets for FORTINET, check out Quiver Quantitative's $FTNT forecast page.
FORTINET Price Targets
Multiple analysts have issued price targets for $FTNT recently. We have seen 6 analysts offer price targets for $FTNT in the last 6 months, with a median target of $107.0.
Here are some recent targets:
- An analyst from Roth Capital set a target price of $103.0 on 04/22/2025
- An analyst from UBS set a target price of $123.0 on 03/18/2025
- Eric Heath from KeyBanc set a target price of $115.0 on 12/19/2024
- Adam Borg from Stifel Nicolaus set a target price of $103.0 on 12/18/2024
- Catherine Trebnick from Rosenblatt Securities set a target price of $100.0 on 11/19/2024
- Stephen Bersey from HSBC set a target price of $111.0 on 11/11/2024
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
