Fortinet, Inc.· FTNT

🇺🇸 US · LargeSP500NASDAQ

Technology Software - Infrastructure Website

Price: $157.47
Day: +0.76%
Mkt Cap: $115.54B
52W Range: $73.55 – $173.89
Volume: 3.51M
Beta: 1.06

D55D FrameworkQuarterly Data

Holdings Analysis

Insider activity, institutional flows, and fund ownership.

Smart Money: 3.7 / 5 (Bullish), from 3 of 3 components
Institutions Q2 2026: 1,661 institutions hold; 856 added, 566 reduced
Insiders Q3 2026: no purchases, 11 sales ($26.8M)

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Fortinet, Inc.

FTNT|Technology|Software - Infrastructure

Current price: $157

Smart Money

Dimension 5 of 5

Insider selling pace · Q3 2026

0.4x

quarter in progress, filings still arriving

Seller breadth · Q3 2026

3 sellers

vs 3.3 avg per quarter

Institutional net breadth · Q2 2026

+539

1,221 adding vs 682 reducing

Institutional ownership · Q2 2026

69.1%

1,661 institutions

Insider Selling Pace

Each quarter's selling vs this stock's own trailing 6-quarter average

Light <0.5xRoutineElevated >1.5xHeavy >3xBuying

Institutional Positions

Institutions adding above the line, reducing below, net as a line

NewIncreasedReducedClosedNet

Largest Institutional Holders, Q2 2026

By reported market value, and how each moved in the quarter

Holder

Change

BLACKROCK, INC.

62.2M

+0.8%

VANGUARD CAPITAL MANAGEMENT LLC

40.7M

+2.7%

STATE STREET CORP

29.6M

+2.8%

VANGUARD PORTFOLIO MANAGEMENT LLC

24.8M

-0.4%

INVESCO LTD.

24.6M

+59.2%

GEODE CAPITAL MANAGEMENT, LLC

17.4M

+0.3%

ETF & Fund Activity, Q2 2026

How the covering funds split between buying, holding and selling

115

211

133

115 buying211 unchanged133 selling

459 funds held FTNT in Q2 2026, holding 206.2M shares between them, down 0.2% on the quarter.

Largest fund holders

PENN SERIES FUNDS INC9.9K sh

DELAWARE VIP TRUST9.4K sh

GPS Funds I9.2K sh

Notable Insider Transactions, Q3 2026

Largest open-market purchases and sales by value in the last eight quarters

Sale · Aug 4

Xie Michael

$38.1M

Sale · Feb 2

Xie Michael

$16.7M

Sale · Mar 11

Xie Michael

$14.9M

Insider transactions from SEC Form 4 filings; institutional holdings from quarterly 13F filings, which are reported with a lag and can overlap between filers. 13F: quarterly institutional holdings report · ETF: Exchange-Traded Fund

See the complete picture

The full 5D Framework: Business Quality · Peer Comparison · Valuation · Analyst Sentiment · Smart Money

Explore FTNT on stockoscope.com→

Generated September 11, 2026

For educational purposes only. Not financial advice. Data may be delayed or incomplete.

Smart Money Sentiment

FTNT Smart Money Sentiment Score

A weighted 1-5 sentiment score across three smart money signals.

Smart Money

3.7/5

Bullish

Weighted across 3 components

Component Breakdown (3 of 3 available)

Insider Activity

40% weight

Institutional Flow

50% weight

+66

Fund Flow

10% weight

Overall Smart Money sentiment of 3.7/5 (Bullish) based on a weighted combination of 3 components. Insider activity uses a relative-baseline comparison against the stock's own history; institutional flow tracks position momentum and 13F share changes; fund flow measures ETF / mutual-fund buying vs selling. Higher scores indicate stronger bullish sentiment from professional investors.Last updated September 10, 2026.

Insider Trading Activity

Insider trading analysis comparing the latest quarter against the stock's own historical baseline.

Insider Selling Pace for FTNT

Each quarter's selling vs the stock's own trailing 6-quarter average; 1.0x is typical for this stock. Green triangles mark quarters with insider buying.

Neutral

Routine insider selling in Q3 2026

11 sales totaling $26.8M (165.0K shares)

Share volume is below the historical pace (0.4x average)

3 different insiders sold this quarter

Buying seen in 3 of 15 quarters

Steady selling pace across recent quarters

0.4x

Selling pace

quarter in progress, filings still arriving

0.26%

Stake sold

of active insiders' holdings

3 sellers

Seller breadth

vs 3.3 avg per quarter

Q2 2025

Last insider purchase

buying in 3 of 16 quarters

Notable Recent Transactions, FTNT

Top 8 highest-value insider trades from the last 8 quarters

Xie Michael

VP, Engineering & CTO

Sell

387,223 shares at $98.43

≈3.8% of their stake at the time

Aug 4, 2025$38.12M

Xie Michael

VP, Engineering & CTO

Sell

204,282 shares at $81.64

≈2.0% of their stake at the time

Feb 2, 2026$16.68M

Xie Michael

VP, Engineering & CTO

Sell

151,842 shares at $98.26

≈1.4% of their stake at the time

Mar 11, 2025$14.92M

Xie Ken

CEO

Sell

120,952 shares at $106.24

≈0.2% of their stake at the time

May 2, 2025$12.85M

Xie Ken

CEO

Sell

129,209 shares at $98.44

≈0.3% of their stake at the time

Aug 4, 2025$12.72M

Whittle John

COO

Sell

86,820 shares at $128.15

≈36.1% of their stake at the time

May 21, 2026$11.13M

Xie Ken

CEO

Sell

67,971 shares at $163.08

≈0.1% of their stake at the time

Aug 3, 2026$11.08M

Xie Michael

VP, Engineering & CTO

Sell

129,378 shares at $81.01

≈1.2% of their stake at the time

Feb 2, 2026$10.48M

Institutional Ownership Analysis

Institutional ownership analysis with position momentum, 13F share flow, and ownership percentage trends.

Institutional Positions for FTNT

Institutions adding (new + increased) above zero, reducing (reduced + closed) below, net as a line

New Increased Reduced Closed Net (adding − reducing)

Very Bullish

Institutions accumulating in Q2 2026

69.1% institutional ownership

Moderate accumulation: 1221 adding vs 682 reducing

13F shares increased by 4.8%, a notable change

Momentum improving from prior quarter

+539

Net breadth

1,221 adding vs 682 reducing

Accumulating

1.79

Add / reduce ratio

in Q2 2026

+249

New − closed

365 initiated, 116 exited

7 of 10

Top holders adding

largest holders that added

Position Changes

Q2 2026: how are institutions adjusting their positions?

+1221 growing-682 shrinkingNet: +539

365

856

566

116

New (365)

Increased (856)

Reduced (566)

Closed (116)

Top Institutional Holders, FTNT

Largest 8 institutional positions by ownership percentage as of Q2 2026

BLACKROCK, INC.

62.2M

$9.6B

Ownership

8.46%

+0.8%

VANGUARD CAPITAL MANAGEMENT LLC

40.7M

$6.2B

Ownership

5.53%

+2.7%

STATE STREET CORP

29.6M

$4.6B

Ownership

4.03%

+2.8%

VANGUARD PORTFOLIO MANAGEMENT LLC

24.8M

$3.8B

Ownership

3.38%

-0.4%

INVESCO LTD.

24.6M

$3.8B

Ownership

3.35%

+59.2%

GEODE CAPITAL MANAGEMENT, LLC

17.4M

$2.7B

Ownership

2.37%

+0.3%

NORGES BANK

12.4M

$1.9B

Ownership

1.69%

+100.0%

FIRST TRUST ADVISORS LP

10.8M

$1.7B

Ownership

1.47%

-5.6%

ETF and Mutual Fund Holdings

ETF and mutual fund activity breakdown showing buying vs selling funds, top fund holders, and detailed holdings.

Fund Activity

Q2 2026: 459 ETFs and mutual funds reporting

115 buying133 sellingNet: -18

115

211

133

Buying (115)

Unchanged (211)

Selling (133)

In total, funds bought 6.9M shares and sold 7.3M this quarter. Each fund counts once in the bar above, whatever the size of its move.

Neutral

Mixed fund activity in Q2 2026

459 ETFs and mutual funds reporting

115 buying vs 133 selling (balanced)

Top Fund Holders, FTNT

Largest 8 ETF and mutual fund positions by shares held, each fund's latest filing

PENN SERIES FUNDS INC

9.9K

Weight

0.04%

Jun 30, 2026Decreased

DELAWARE VIP TRUST

9.4K

Weight

0.27%

Jun 30, 2026No change

GPS Funds I

9.2K

Weight

0.27%

Jun 30, 2026Increased

X-Square Balanced Fund, LLC

9.0K

Weight

1.98%

Jun 30, 2026Increased

PRUDENTIAL INVESTMENT PORTFOLIOS 8

8.7K

Weight

0.02%

Jun 30, 2026Decreased

Federated Hermes ETF Trust

8.5K

Weight

0.12%

Jun 30, 2026Increased

BRIDGEWAY FUNDS INC

8.0K

Weight

0.46%

Jun 30, 2026Decreased

GABELLI EQUITY SERIES FUNDS INC

8.0K

Weight

0.83%

Jun 30, 2026No change

Fortinet, Inc.· FTNT

Holdings Analysis

Insider Trading Activity

1.3Transaction History122Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings172Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights

Search stocks

Holdings Analysis

Insider Trading Activity

1.3Transaction History122Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings172Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights