Fortinet Inc (NASDAQ: FTNT) is -6.86% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FTNT stock was last observed hovering at around $84.71 in the last trading session, with the day’s gains setting it 3.29%.
Currently trading at $88.00, the stock is -8.66% and -13.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.87 million and changing 3.88% at the moment leaves the stock 3.43% off its SMA200. FTNT registered 27.11% gain for a year compared to 6-month gain of 14.32%. The firm has a 50-day simple moving average (SMA 50) of $102.1156 and a 200-day simple moving average (SMA200) of $85.0802.
The stock witnessed a -13.11% loss in the last 1 month and extending the period to 3 months gives it a -9.72%, and is -8.58% down 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 5.33% over the week and 3.55% over the month.
Fortinet Inc (FTNT) has around 14138 employees, a market worth around $67.67B and $5.96B in sales. Current P/E ratio is 38.94 and Fwd P/E is 31.89. Profit margin for the company is 29.30%. Distance from 52-week low is 61.26% and -23.36% from its 52-week high. The company has generated returns on investments over the last 12 months (68.86%).
with sales reaching $1.54B over the same period.The EPS is expected to grow by 3.71% this year, but quarterly earnings will post 13.73% year-over-year. Quarterly sales are estimated to grow 13.95% in year-over-year returns.
Fortinet Inc (FTNT) Top Institutional Holders
1890.0 institutions hold shares in Fortinet Inc (FTNT), with institutional investors hold 86.45% of the company’s shares. The shares outstanding are 767.00M, and float is at 638.44M with Short Float at 3.00%. Institutions hold 71.32% of the Float.
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 7.2318 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 3.4715 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 GOLDMAN KENNETH A, the company’s Director. SEC filings show that GOLDMAN KENNETH A sold 2,000 shares of the company’s common stock on Mar 12 ’25 at a price of $100.00 per share for a total of $0.2 million. Following the sale, the insider now owns 18612.0 shares.
Fortinet Inc disclosed in a document filed with the SEC on Mar 11 ’25 that Xie Michael (VP, ENGINEERING & CTO) sold a total of 326,784 shares of the company’s common stock. The trade occurred on Mar 11 ’25 and was made at $98.17 per share for $32.08 million. Following the transaction, the insider now directly holds 11.0 million shares of the FTNT stock.
Still, SEC filings show that on Mar 10 ’25, GOLDMAN KENNETH A (Director) disposed off 1,000 shares at an average price of $99.32 for $99320.0. The insider now directly holds 20,612 shares of Fortinet Inc (FTNT).
