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 800,000 customers across the world.
Employees: 13,986
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
91% more funds holding in top 10
Funds holding in top 10: 11 [Q2] → 21 (+10) [Q3]
72% more first-time investments, than exits
New positions opened: 158 | Existing positions closed: 92
25% more capital invested
Capital invested by funds: $31.3B [Q2] → $39B (+$7.73B) [Q3]
12% more repeat investments, than reductions
Existing positions increased: 425 | Existing positions reduced: 379
5% more funds holding
Funds holding: 1,047 [Q2] → 1,100 (+53) [Q3]
2.5% less ownership
Funds ownership: 67.96% [Q2] → 65.46% (-2.5%) [Q3]
24% less call options, than puts
Call options by funds: $638M | Put options by funds: $839M
Research analyst outlook
22 Wall Street Analysts provided 1 year price targets over the past 3 months
22 analyst ratings
Susquehanna Shyam Patil 81% 1-year accuracy 39 / 48 met price target | 1%downside $110 | Neutral Maintained | 10 Feb 2025 |
RBC Capital Dan Bergstrom 50% 1-year accuracy 4 / 8 met price target | 3%upside $115 | Sector Perform Maintained | 7 Feb 2025 |
Cantor Fitzgerald Jonathan Ruykhaver 82% 1-year accuracy 9 / 11 met price target | 3%upside $115 | Neutral Maintained | 7 Feb 2025 |
Goldman Sachs Gabriela Borges 72% 1-year accuracy 21 / 29 met price target | 16%upside $130 | Buy Maintained | 7 Feb 2025 |
Scotiabank Patrick Colville 92% 1-year accuracy 36 / 39 met price target | 21%upside $135 | Sector Outperform Maintained | 7 Feb 2025 |
Financial journalist opinion
Based on 40 articles about FTNT published over the past 30 days









