FTNTNasdaqComputer Peripheral Equipment, NECFiscal year ends December 31
Fortinet, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$171.50+2.37 (+1.40%)
Close on Oct 19, 2026
- Market cap
- $126.89B
- P/E (TTM)
- 60.4
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
68.6%
504M of 734M shares
Institutional holders
1,574
363 new, 95 sold out
Net institutional buying
10M
In Q2 2026
Insider trades, 12 months
0 buys · 58 sales
Net sold $136.24M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| / Ken Xie | 78,664,328 | 10.30% | 13G (passive) amendment | Dec 31, 2023 |
| / Michael Xie | 70,468,292 | 9.20% | 13G (passive) amendment | Dec 31, 2023 |
| BlackRock, Inc. | 54,206,558 | 7.10% | 13G (passive) amendment | Dec 31, 2023 |
| Vanguard Capital Management | 45,987,681 | 6.21% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of FTNT | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 62,242,221 | 8.48% | $9.56B | +273,488 | 0.14% |
| Vanguard Capital Management LLC | 40,663,961 | 5.54% | $6.25B | +909,183 | 0.13% |
| State Street Corp | 29,630,652 | 4.04% | $4.55B | +701,017 | 0.14% |
| Vanguard Portfolio Management LLC | 24,844,685 | 3.39% | $3.82B | −193,002 | 0.17% |
| Invesco Ltd. | 24,621,016 | 3.36% | $3.78B | −913,516 | 0.30% |
| Geode Capital Management, LLC | 17,439,799 | 2.38% | $2.68B | −21,978 | 0.14% |
| Norges Bank | 12,449,356 | 1.70% | $1.91B | New | 0.19% |
| First Trust Advisors LP | 10,815,814 | 1.47% | $1.66B | −690,359 | 0.98% |
| Arrowstreet Capital, Limited Partnership | 10,127,342 | 1.38% | $1.56B | +476,318 | 0.69% |
| Bank of New York Mellon Corp | 9,327,182 | 1.27% | $1.43B | −4,005,901 | 0.24% |
| Aqr Capital Management LLC | 8,673,742 | 1.18% | $1.33B | +901,797 | 0.46% |
| Morgan Stanley | 8,561,672 | 1.17% | $1.32B | −282,646 | 0.07% |
| Goldman Sachs Group Inc | 8,101,402 | 1.10% | $1.24B | −875,561 | 0.11% |
| Nordea Investment Management Ab | 6,782,111 | 0.92% | $1.03B | −131,605 | 0.84% |
| Legal & General Group Plc | 6,373,269 | 0.87% | $979.06M | −104,422 | 0.20% |
| UBS Asset Management Americas Inc | 6,312,496 | 0.86% | $969.73M | −1,241,700 | 0.18% |
| Northern Trust Corp | 6,279,098 | 0.86% | $964.60M | +57,262 | 0.11% |
| JPMorgan Chase & Co | 4,989,587 | 0.68% | $775.48M | +257,031 | 0.04% |
| Charles Schwab Investment Management Inc | 4,967,178 | 0.68% | $763.06M | +280,857 | 0.10% |
| D. E. Shaw & Co., Inc. | 4,849,811 | 0.66% | $745.03M | +1,982,474 | 0.35% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 1,574 | 504M | 68.6% | 363 / 492 | 558 / 95 | 52M | 41M |
| Q1 2026 | 1,327 | 494M | 67.3% | 157 / 511 | 489 / 139 | 108M | 52M |
| Q4 2025 | 1,326 | 513M | 69.9% | 210 / 487 | 481 / 123 | 71M | 39M |
| Q3 2025 | 1,268 | 483M | 65.8% | 136 / 442 | 527 / 224 | 39M | 75M |
| Q2 2025 | 1,379 | 519M | 70.8% | 161 / 566 | 457 / 117 | 42M | 37M |
| Q1 2025 | 1,354 | 516M | 70.3% | 182 / 536 | 451 / 101 | 43M | 33M |
| Q4 2024 | 1,293 | 512M | 69.8% | 253 / 449 | 421 / 63 | 47M | 38M |
| Q3 2024 | 1,124 | 504M | 68.7% | 158 / 438 | 387 / 93 | 104M | 54M |
| Q2 2024 | 1,070 | 509M | 69.4% | 104 / 433 | 386 / 131 | 54M | 66M |
| Q1 2024 | 1,109 | 524M | 71.4% | 167 / 395 | 402 / 105 | 73M | 54M |
| Q4 2023 | 1,062 | 506M | 68.9% | 153 / 344 | 446 / 148 | 65M | 69M |
| Q3 2023 | 1,069 | 510M | 69.5% | 122 / 408 | 412 / 147 | 43M | 51M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of FTNT | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 19,769,556 | 2.69% | $3.04B | 0.13% | Jun 30, 2026 |
| Vanguard 500 Index Fund | 16,135,591 | 2.20% | $2.48B | 0.15% | Jun 30, 2026 |
| Invesco QQQ Trust, Series 1 | 15,552,071 | 2.12% | $2.39B | 0.49% | Jun 30, 2026 |
| iShares Core S&P 500 ETF | 8,566,164 | 1.17% | $1.32B | 0.15% | Jun 30, 2026 |
| Fidelity 500 Index Fund | 8,089,007 | 1.10% | $1.12B | 0.13% | May 31, 2026 |
| First Trust Nasdaq Cybersecurity ETF | 7,967,349 | 1.09% | $1.22B | 8.85% | Jun 30, 2026 |
| Vanguard Growth Index Fund | 6,938,109 | 0.95% | $1.07B | 0.28% | Jun 30, 2026 |
| Vanguard Mid-Cap Index Fund | 6,746,787 | 0.92% | $1.04B | 0.46% | Jun 30, 2026 |
| Vanguard Information Technology Index Fund | 5,183,171 | 0.71% | $715.12M | 0.42% | May 31, 2026 |
| State Street(R) Technology Select Sector SPDR(R) ETF | 4,299,203 | 0.59% | $660.44M | 0.53% | Jun 30, 2026 |
| Vanguard Institutional Index Fund | 3,380,766 | 0.46% | $519.35M | 0.15% | Jun 30, 2026 |
| iShares MSCI USA Quality Factor ETF | 3,317,402 | 0.45% | $537.25M | 1.15% | Jul 31, 2026 |
| iShares Expanded Tech-Software Sector ETF | 3,188,698 | 0.43% | $489.85M | 3.62% | Jun 30, 2026 |
| Invesco NASDAQ 100 ETF | 3,143,969 | 0.43% | $433.77M | 0.45% | May 31, 2026 |
| Vanguard Mid-Cap Growth Index Fund | 2,385,421 | 0.33% | $366.45M | 1.05% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Michael Xie | VP, ENGINEERING & CTO, Director | 20,078,809 | 2.74% | Aug 4, 2026 |
| Ken Xie | PRESIDENT & CEO, Director | 57,937,222 | 7.90% | Aug 4, 2026 |
| Christiane Ohlgart | Chief Financial Officer | 10,345 | 0.00% | Sep 25, 2026 |
| John Whittle | CHIEF OPERATING OFFICER | 96,987 | 0.01% | Sep 16, 2026 |
| Keith Jensen | Chief Financial Officer | 11,025 | 0.00% | May 5, 2025 |
| James G. Stavridis | Director | 17,189 | 0.00% | Aug 13, 2026 |
| Judith Sim | Director | 129,542 | 0.02% | Aug 13, 2026 |
| Derek T. Kan | Director | – | – | Aug 13, 2026 |
| Jean X. Hu | Director | 39,049 | 0.01% | Aug 13, 2026 |
| Kenneth A. Goldman | Director | 43,719 | 0.01% | Aug 13, 2026 |
| Janet Napolitano | Director | 4,274 | 0.00% | Aug 13, 2026 |
| Ming Hsieh | Director | 54,057 | 0.01% | Aug 13, 2026 |
| William H. Neukom | Director | 450,904 | 0.06% | Jun 13, 2025 |
| Mary Agnes Wilderotter | Director | 5,069 | 0.00% | Jun 13, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Christiane Ohlgart Chief Financial Officer | Sep 24, 2026 | Sale(10b5-1 plan) | −48 | $180.00 | $8.64K | 10,345 |
| John Whittle CHIEF OPERATING OFFICER | Sep 15, 2026 | Sale(10b5-1 plan) | −2,835 | $168.74 | $478.38K | 96,987 |
| John Whittle CHIEF OPERATING OFFICER | Sep 15, 2026 | Option exercise | +2,835 | $62.11 | $176.08K | 99,822 |
| John Whittle CHIEF OPERATING OFFICER | Sep 14, 2026 | Sale(10b5-1 plan) | −52,707 | $165.43 | $8.72M | 98,145 |
| John Whittle CHIEF OPERATING OFFICER | Sep 14, 2026 | Option exercise | +53,865 | $62.11 | $3.35M | 150,852 |
| John Whittle CHIEF OPERATING OFFICER | Sep 14, 2026 | Sale(10b5-1 plan) | −1,158 | $166.02 | $192.25K | 96,987 |
| Christiane Ohlgart Chief Financial Officer | Aug 4, 2026 | Sale(10b5-1 plan) | −387 | $164.59 | $63.70K | 10,393 |
| Ken Xie PRESIDENT & CEO, Director | Aug 3, 2026 | Sale(10b5-1 plan) | −7,350 | $161.82 | $1.19M | 53,088,448 |
| Ken Xie PRESIDENT & CEO, Director | Aug 3, 2026 | Sale(10b5-1 plan) | −19,647 | $160.82 | $3.16M | 53,095,798 |
| Ken Xie PRESIDENT & CEO, Director | Aug 3, 2026 | Sale(10b5-1 plan) | −18,409 | $160.14 | $2.95M | 53,115,445 |
| Ken Xie PRESIDENT & CEO, Director | Aug 3, 2026 | Option exercise | +155,000 | $22.90 | $3.55M | 53,133,854 |
| Ken Xie PRESIDENT & CEO, Director | Aug 3, 2026 | Sale(10b5-1 plan) | −67,971 | $163.08 | $11.08M | 53,020,477 |
| Ken Xie PRESIDENT & CEO, Director | Aug 3, 2026 | Sale(10b5-1 plan) | −47,943 | $163.91 | $7.86M | 52,972,534 |
| Ken Xie PRESIDENT & CEO, Director | Aug 3, 2026 | Sale(10b5-1 plan) | −162 | $164.49 | $26.65K | 52,972,372 |
| Michael Xie VP, ENGINEERING & CTO, Director | Aug 3, 2026 | Sale(10b5-1 plan) | −1,421 | $163.12 | $231.79K | 9,919,160 |
| Michael Xie VP, ENGINEERING & CTO, Director | Aug 3, 2026 | Sale(10b5-1 plan) | −200 | $161.75 | $32.35K | 9,920,581 |
| Michael Xie VP, ENGINEERING & CTO, Director | Aug 3, 2026 | Sale(10b5-1 plan) | −700 | $160.36 | $112.25K | 9,920,781 |
| Michael Xie VP, ENGINEERING & CTO, Director | Aug 3, 2026 | Sale(10b5-1 plan) | −800 | $163.98 | $131.18K | 9,918,360 |
| Christiane Ohlgart Chief Financial Officer | Aug 1, 2026 | Option exercise | +650 | – | – | 10,159 |
| Christiane Ohlgart Chief Financial Officer | Aug 1, 2026 | Option exercise | +684 | – | – | 9,509 |
| Christiane Ohlgart Chief Financial Officer | Aug 1, 2026 | Tax withholding | −581 | $161.95 | $94.09K | 10,780 |
| Christiane Ohlgart Chief Financial Officer | Aug 1, 2026 | Option exercise | +300 | – | – | 11,361 |
| Ken Xie PRESIDENT & CEO, Director | Aug 1, 2026 | Tax withholding | −6,611 | $161.95 | $1.07M | 52,978,854 |
| Ken Xie PRESIDENT & CEO, Director | Aug 1, 2026 | Option exercise | +2,275 | – | – | 52,985,465 |
| Ken Xie PRESIDENT & CEO, Director | Aug 1, 2026 | Option exercise | +4,558 | – | – | 52,983,190 |
| Ken Xie PRESIDENT & CEO, Director | Aug 1, 2026 | Option exercise | +6,260 | – | – | 52,978,632 |
| Michael Xie VP, ENGINEERING & CTO, Director | Aug 1, 2026 | Option exercise | +2,764 | – | – | 9,921,124 |
| Michael Xie VP, ENGINEERING & CTO, Director | Aug 1, 2026 | Tax withholding | −3,185 | $161.95 | $515.81K | 9,921,481 |
| Michael Xie VP, ENGINEERING & CTO, Director | Aug 1, 2026 | Option exercise | +2,242 | – | – | 9,923,366 |
| Michael Xie VP, ENGINEERING & CTO, Director | Aug 1, 2026 | Option exercise | +1,300 | – | – | 9,924,666 |
| John Whittle CHIEF OPERATING OFFICER | Aug 1, 2026 | Option exercise | +1,827 | – | – | 98,159 |
| John Whittle CHIEF OPERATING OFFICER | Aug 1, 2026 | Option exercise | +1,138 | – | – | 99,297 |
| John Whittle CHIEF OPERATING OFFICER | Aug 1, 2026 | Tax withholding | −2,310 | $161.95 | $374.10K | 96,987 |
| John Whittle CHIEF OPERATING OFFICER | Aug 1, 2026 | Option exercise | +1,608 | – | – | 96,332 |
| Janet Napolitano Director | Jun 11, 2026 | Option exercise | +650 | – | – | 4,274 |
| Jean X. Hu Director | Jun 11, 2026 | Option exercise | +650 | – | – | 39,049 |
| James G. Stavridis Director | Jun 11, 2026 | Option exercise | +650 | – | – | 17,189 |
| Kenneth A. Goldman Director | Jun 11, 2026 | Option exercise | +650 | – | – | 23,469 |
| Ming Hsieh Director | Jun 11, 2026 | Option exercise | +650 | – | – | 9,597 |
| Judith Sim Director | Jun 11, 2026 | Option exercise | +650 | – | – | 129,542 |
| Michael Xie VP, ENGINEERING & CTO, Director | Jun 4, 2026 | Gift | −2,500 | – | – | 9,921,110 |
| Michael Xie VP, ENGINEERING & CTO, Director | Jun 4, 2026 | Gift | −500 | – | – | 9,918,360 |
| Michael Xie VP, ENGINEERING & CTO, Director | Jun 4, 2026 | Gift | −2,250 | – | – | 9,918,860 |
| Michael Xie VP, ENGINEERING & CTO, Director | Jun 3, 2026 | Sale(10b5-1 plan) | −410 | $145.72 | $59.75K | 9,926,643 |
| Michael Xie VP, ENGINEERING & CTO, Director | Jun 3, 2026 | Sale(10b5-1 plan) | −132 | $148.30 | $19.58K | 9,923,610 |
| Michael Xie VP, ENGINEERING & CTO, Director | Jun 3, 2026 | Sale(10b5-1 plan) | −2,337 | $146.55 | $342.49K | 9,924,306 |
| Michael Xie VP, ENGINEERING & CTO, Director | Jun 3, 2026 | Sale(10b5-1 plan) | −564 | $147.71 | $83.31K | 9,923,742 |
| Michael Xie VP, ENGINEERING & CTO, Director | Jun 3, 2026 | Sale(10b5-1 plan) | −464 | $144.46 | $67.03K | 9,927,053 |
| Ken Xie PRESIDENT & CEO, Director | Jun 2, 2026 | Sale(10b5-1 plan) | −19,867 | $143.43 | $2.85M | 53,103,496 |
| Ken Xie PRESIDENT & CEO, Director | Jun 2, 2026 | Option exercise | +155,000 | $22.90 | $3.55M | 53,133,004 |
| Ken Xie PRESIDENT & CEO, Director | Jun 2, 2026 | Sale(10b5-1 plan) | −9,641 | $142.37 | $1.37M | 53,123,363 |
| Ken Xie PRESIDENT & CEO, Director | Jun 2, 2026 | Sale(10b5-1 plan) | −39,854 | $144.29 | $5.75M | 53,063,642 |
| Ken Xie PRESIDENT & CEO, Director | Jun 2, 2026 | Sale(10b5-1 plan) | −12,821 | $145.04 | $1.86M | 53,050,821 |
| Ken Xie PRESIDENT & CEO, Director | Jun 2, 2026 | Sale(10b5-1 plan) | −37,540 | $146.36 | $5.49M | 53,013,281 |
| Ken Xie PRESIDENT & CEO, Director | Jun 2, 2026 | Sale(10b5-1 plan) | −13,790 | $147.37 | $2.03M | 52,999,491 |
| Ken Xie PRESIDENT & CEO, Director | Jun 2, 2026 | Sale(10b5-1 plan) | −8,627 | $148.94 | $1.28M | 52,972,372 |
| Ken Xie PRESIDENT & CEO, Director | Jun 2, 2026 | Sale(10b5-1 plan) | −18,492 | $148.24 | $2.74M | 52,980,999 |
| John Whittle CHIEF OPERATING OFFICER | May 21, 2026 | Option exercise | +57,015 | $22.90 | $1.31M | 240,739 |
| John Whittle CHIEF OPERATING OFFICER | May 21, 2026 | Sale(10b5-1 plan) | −4,216 | $129.55 | $546.18K | 94,724 |
| John Whittle CHIEF OPERATING OFFICER | May 21, 2026 | Sale(10b5-1 plan) | −86,820 | $128.15 | $11.13M | 153,919 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Christiane Ohlgart Margrit Officer | Sep 24, 2026 | 48 | $8.58K | Sep 24, 2026 | Restricted Stock Units |
| Whittle John Officer | Sep 14, 2026 | 56,700 | $8.85M | Sep 14, 2026 | Exercise of Stock Options |
| Christiane Ohlgart Margrit Officer | Aug 4, 2026 | 387 | $63.16K | Aug 4, 2026 | Restricted Stock Units |
| Xie Michael Director, Officer | Aug 3, 2026 | 3,121 | $505.45K | Aug 3, 2026 | Restricted Stock Units |
| Qing Xie Ken Director, Officer | Aug 3, 2026 | 161,482 | $26.15M | Aug 3, 2026 | Exercise of Stock Options |
| Xie Michael Director, Officer | Jun 3, 2026 | 3,907 | $581.60K | Jun 3, 2026 | Restricted Stock Units |
| Qing Xie Ken Director, Officer | Jun 2, 2026 | 160,632 | $23.64M | Jun 2, 2026 | Exercise of Stock Options |
| Whittle John Officer | May 21, 2026 | 146,015 | $18.98M | May 21, 2026 | Exercise of Stock Options |
| Christiane Ohlgart Margrit Officer | May 20, 2026 | 238 | $30.38K | May 20, 2026 | RSU/PSU |
| Christiane Ohlgart Margrit Officer | May 14, 2026 | 756 | $88.97K | May 14, 2026 | RSU/PSU |
| Christiane Ohlgart Margrit Officer | May 11, 2026 | 238 | $27.15K | May 11, 2026 | RSU/PSU |
| Christiane Ohlgart Margrit Officer | May 7, 2026 | 756 | $68.00K | May 7, 2026 | RSU/PSU |
| Christiane Ohlgart Margrit Officer | May 5, 2026 | 596 | $53.19K | May 5, 2026 | Restricted Stock Units and Performance Stock Units |
| Qing Xie Ken Director, Officer | May 4, 2026 | 5,355 | $462.08K | May 4, 2026 | Restricted Stock Units |
| Xie Michael Director, Officer | May 4, 2026 | 2,478 | $213.83K | May 4, 2026 | Restricted Stock Units |