Fortinet Inc (NASDAQ: FTNT) is 11.07% 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 $103.50 in the last trading session, with the day’s gains setting it 1.44%.
Currently trading at $104.94, the stock is 1.76% and 4.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.25 million and changing 1.39% at the moment leaves the stock 12.25% off its SMA200. FTNT registered 78.96% gain for a year compared to 6-month gain of 10.13%. The firm has a 50-day simple moving average (SMA 50) of $100.2022 and a 200-day simple moving average (SMA200) of $93.4892.
The stock witnessed a -1.67% loss in the last 1 month and extending the period to 3 months gives it a 3.61%, and is 3.10% 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 1.36% over the week and 1.70% over the month.
Fortinet Inc (FTNT) has around 14138 employees, a market worth around $80.32B and $6.14B in sales. Current P/E ratio is 43.19 and Fwd P/E is 37.84. Profit margin for the company is 30.60%. Distance from 52-week low is 92.30% and -8.60% from its 52-week high. The company has generated returns on investments over the last 12 months (76.42%).
The EPS is expected to grow by 4.33% this year.
Fortinet Inc (FTNT) Top Institutional Holders
1984.0 institutions hold shares in Fortinet Inc (FTNT), with institutional investors hold 86.42% of the company’s shares. The shares outstanding are 769.20M, and float is at 635.50M with Short Float at 2.50%. Institutions hold 71.76% 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 8.7548% 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 purchase by NEUKOM WILLIAM H., the company’s Director. SEC filings show that NEUKOM WILLIAM H. bought 335 shares of the company’s common stock on Jun 06 ’25 at a price of $104.22 per share for a total of $34912.0. Following the purchase, the insider now owns 0.3 million shares.
Fortinet Inc disclosed in a document filed with the SEC on Jun 06 ’25 that Ohlgart Christiane (Chief Financial Officer) sold a total of 1,164 shares of the company’s common stock. The trade occurred on Jun 06 ’25 and was made at $104.71 per share for $0.12 million. Following the transaction, the insider now directly holds 6062.0 shares of the FTNT stock.
Still, SEC filings show that on Jun 06 ’25, MARGRIT CHRISTIANE OHLGART (Officer) Proposed Sale 1,164 shares at an average price of $103.50 for $0.12 million. The insider now directly holds shares of Fortinet Inc (FTNT).
