Fortinet Inc (NASDAQ: FTNT) is 15.04% 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 $106.18 in the last trading session, with the day’s gains setting it 2.51%.
Currently trading at $108.69, the stock is 10.08% and 9.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.45 million and changing 2.36% at the moment leaves the stock 22.32% off its SMA200. FTNT registered 71.08% gain for a year compared to 6-month gain of 38.04%.
The stock witnessed a 21.52% loss in the last 1 month and extending the period to 3 months gives it a 7.72%, and is 5.89% 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 2.98% over the week and 4.46% over the month.
Fortinet Inc (FTNT) has around 14138 employees, a market worth around $83.58B and $5.96B in sales. Current P/E ratio is 48.09 and Fwd P/E is 39.43. Profit margin for the company is 29.30%. Distance from 52-week low is 99.18% and -5.34% from its 52-week high. The company has generated returns on investments over the last 12 months (68.86%).
The EPS is expected to grow by 3.21% this year.
Fortinet Inc (FTNT) Top Institutional Holders
The shares outstanding are 767.00M, and float is at 638.47M with Short Float at 3.02%.
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 8.7548% 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 3.7955% 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 Xie Michael, the company’s VP, ENGINEERING & CTO. SEC filings show that Xie Michael sold 3,546 shares of the company’s common stock on May 02 ’25 at a price of $106.11 per share for a total of $0.38 million. Following the sale, the insider now owns 11.0 million shares.
Fortinet Inc disclosed in a document filed with the SEC on May 02 ’25 that Xie Ken (PRESIDENT & CEO) sold a total of 158,488 shares of the company’s common stock. The trade occurred on May 02 ’25 and was made at $106.10 per share for $16.81 million. Following the transaction, the insider now directly holds 51.39 million shares of the FTNT stock.
Still, SEC filings show that on May 02 ’25, MICHAEL XIE (Director) Proposed Sale 3,546 shares at an average price of $104.21 for $0.37 million. The insider now directly holds shares of Fortinet Inc (FTNT).
