Fortinet Inc (NASDAQ: FTNT) is 16.45% higher on its value in year-to-date trading and has touched a low of $54.57 and a high of $114.82 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FTNT stock was last observed hovering at around $114.21 in the last trading session, with the day’s loss setting it -4.19%.
Currently trading at $110.02, the stock is 3.99% and 10.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.17 million and changing -3.67% at the moment leaves the stock 39.36% off its SMA200. FTNT registered 62.01% gain for a year compared to 6-month gain of 45.59%.
The stock witnessed a 11.99% loss in the last 1 month and extending the period to 3 months gives it a 19.74%, and is 0.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.09% over the week and 3.10% over the month.
Fortinet Inc (FTNT) has around 14138 employees, a market worth around $84.33B and $5.96B in sales. Current P/E ratio is 48.66 and Fwd P/E is 39.84. Profit margin for the company is 29.30%. Distance from 52-week low is 101.61% and -4.18% from its 52-week high. The company has generated returns on investments over the last 12 months (70.14%).
The EPS is expected to grow by 3.75% this year.
Fortinet Inc (FTNT) Top Institutional Holders
The shares outstanding are 766.45M, and float is at 635.49M with Short Float at 2.39%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 66.87 million shares valued at $4.03 billion. The investor’s holdings represent 8.7709% of the FTNT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 55.24 million shares valued at $$3.33 billion to account for 7.2451 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 28.99 million shares representing 3.8024% and valued at over $1.75 billion, while STATE STREET CORP holds 3.4779 of the shares totaling 26.52 million with a market value of $1.6 billion.
Fortinet Inc (FTNT) Insider Activity
The most recent transaction is an insider sale by Jensen Keith,the company’sChief Financial Officer. SEC filings show that Jensen Keith sold 23,500 shares of the company’s common stock on Feb 19 ’25 at a price of $113.56 per share for a total of $2.67 million. Following the sale, the insider now owns 4736.0 shares.
Still, SEC filings show that on Feb 11 ’25, Xie Ken (PRESIDENT & CEO) disposed off 22,700 shares at an average price of $108.75 for $2.47 million. The insider now directly holds 51,428,933 shares of Fortinet Inc (FTNT).
