China Restrictions Impact: Recent discussions on social media have centered around reports of China instructing domestic firms to halt purchases of U.S. and Israeli cybersecurity software, including products from Fortinet. Many users expressed concern over the potential revenue loss in a key market, with shares reportedly dipping as much as 3% in premarket trading. This news has sparked debates about the broader implications for Fortinet’s growth trajectory.
Valuation Debate: Another hot topic on social media is whether Fortinet’s recent stock pullback, with a forward P/E ratio at a decade low, presents a buying opportunity. Some argue the company’s double-digit growth and strong cash flow yield make it attractive, while others remain cautious due to geopolitical risks. The conversation reflects a mix of optimism and uncertainty among investors.
Note: This discussion summary was generated from an AI condensation of post data.
Fortinet Insider Trading Activity
Fortinet insiders have traded $FTNT stock on the open market 14 times in the past 6 months. Of those trades, 0 have been purchases and 14 have been sales.
Here’s a breakdown of recent trading of $FTNT stock by insiders over the last 6 months:
- MICHAEL XIE (VP, ENGINEERING & CTO) has made 0 purchases and 6 sales selling 480,142 shares for an estimated $47,242,867.
- KEN XIE (PRESIDENT & CEO) has made 0 purchases and 6 sales selling 316,971 shares for an estimated $29,318,272.
- CHRISTIANE OHLGART (Chief Financial Officer) has made 0 purchases and 2 sales selling 220 shares for an estimated $20,344.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Fortinet Revenue
Fortinet had revenues of $1.7B in Q3 2025. This is an increase of 14.38% from the same period in the prior year.
You can track FTNT financials on Quiver Quantitative's FTNT stock page.
Fortinet Congressional Stock Trading
Members of Congress have traded $FTNT stock 8 times in the past 6 months. Of those trades, 4 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $FTNT stock by members of Congress over the last 6 months:
- REPRESENTATIVE LISA C. MCCLAIN has traded it 4 times. They made 2 purchases worth up to $30,000 on 10/30, 08/13 and 2 sales worth up to $30,000 on 10/31, 10/30.
- REPRESENTATIVE BYRON DONALDS has traded it 4 times. They made 2 purchases worth up to $30,000 on 10/09 and 2 sales worth up to $30,000 on 09/04.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
Fortinet Hedge Fund Activity
We have seen 572 institutional investors add shares of Fortinet stock to their portfolio, and 737 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 5,579,744 shares (+78.1%) to their portfolio in Q3 2025, for an estimated $469,144,875
- FMR LLC removed 4,189,312 shares (-52.1%) from their portfolio in Q3 2025, for an estimated $352,237,352
- AQR CAPITAL MANAGEMENT LLC removed 3,721,768 shares (-61.5%) from their portfolio in Q3 2025, for an estimated $312,926,253
- VANGUARD GROUP INC added 2,894,355 shares (+4.0%) to their portfolio in Q3 2025, for an estimated $243,357,368
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 2,557,941 shares (-35.5%) from their portfolio in Q3 2025, for an estimated $215,071,679
- DSM CAPITAL PARTNERS LLC removed 2,528,477 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $212,594,346
- DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN removed 2,426,305 shares (-95.0%) from their portfolio in Q3 2025, for an estimated $204,003,724
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Fortinet Analyst Ratings
Wall Street analysts have issued reports on $FTNT in the last several months. We have seen 3 firms issue buy ratings on the stock, and 3 firms issue sell ratings.
Here are some recent analyst ratings:
- Morgan Stanley issued a "Underweight" rating on 12/18/2025
- JP Morgan issued a "Underweight" rating on 12/17/2025
- Mizuho issued a "Underperform" rating on 11/06/2025
- Truist Securities issued a "Buy" rating on 08/07/2025
- Scotiabank issued a "Sector Outperform" rating on 08/07/2025
- Wedbush issued a "Outperform" rating on 08/07/2025
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 20 analysts offer price targets for $FTNT in the last 6 months, with a median target of $85.0.
Here are some recent targets:
- Fatima Boolani from Citigroup set a target price of $85.0 on 01/13/2026
- Rob Owens from Piper Sandler set a target price of $90.0 on 01/05/2026
- Meta Marshall from Morgan Stanley set a target price of $70.0 on 12/18/2025
- Brian Essex from JP Morgan set a target price of $75.0 on 12/17/2025
- Gregg Moskowitz from Mizuho set a target price of $72.0 on 11/06/2025
- Catharine Trebnick from Rosenblatt set a target price of $85.0 on 11/06/2025
- Dan Bergstrom from RBC Capital set a target price of $85.0 on 11/06/2025
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.
