FortinetFTNT
About: Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.
Employees: 13,527
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
276% more first-time investments, than exits
New positions opened: 237 | Existing positions closed: 63
33% more funds holding in top 10
Funds holding in top 10: 21 [Q3] → 28 (+7) [Q4]
25% more capital invested
Capital invested by funds: $39B [Q3] → $48.8B (+$9.88B) [Q4]
14% more funds holding
Funds holding: 1,103 [Q3] → 1,253 (+150) [Q4]
1.72% more ownership
Funds ownership: 65.37% [Q3] → 67.09% (+1.72%) [Q4]
9% more repeat investments, than reductions
Existing positions increased: 444 | Existing positions reduced: 408
18% less call options, than puts
Call options by funds: $679M | Put options by funds: $824M
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Morgan Stanley Hamza Fodderwala 71% 1-year accuracy 17 / 24 met price target | 23%upside $123 | Overweight Maintained | 18 Mar 2025 |
Susquehanna Shyam Patil 55% 1-year accuracy 26 / 47 met price target | 10%upside $110 | Neutral Maintained | 10 Feb 2025 |
RBC Capital Dan Bergstrom 38% 1-year accuracy 3 / 8 met price target | 15%upside $115 | Sector Perform Maintained | 7 Feb 2025 |
Cantor Fitzgerald Jonathan Ruykhaver 50% 1-year accuracy 8 / 16 met price target | 15%upside $115 | Neutral Maintained | 7 Feb 2025 |
Goldman Sachs Gabriela Borges 52% 1-year accuracy 15 / 29 met price target | 30%upside $130 | Buy Maintained | 7 Feb 2025 |
Financial journalist opinion
Based on 18 articles about FTNT published over the past 30 days
