Fortinet, Inc. (FTNT) shareholders
FTNTNasdaqComputer Peripheral Equipment, NECFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 16/3011% above fair value
$127.22−2.32 (-1.79%)
Close on Nov 13, 2026Market cap $93.47BP/E 41.3Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
68.6%
504M of 735M shares
Institutional holders
1,574
363 new, 95 sold out
Net institutional buying
10M
In Q2 2026
Insider trades, 12 months
0 buys · 66 sales
Net sold $143.50M
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 | 8.47% | $9.56B | +273,488 | 0.14% |
| Vanguard Capital Management LLC | 40,663,961 | 5.53% | $6.25B | +909,183 | 0.13% |
| State Street Corp | 29,630,652 | 4.03% | $4.55B | +701,017 | 0.14% |
| Vanguard Portfolio Management LLC | 24,844,685 | 3.38% | $3.82B | −193,002 | 0.17% |
| Invesco Ltd. | 24,621,016 | 3.35% | $3.78B | −913,516 | 0.30% |
| Geode Capital Management, LLC | 17,439,799 | 2.37% | $2.68B | −21,978 | 0.14% |
| Norges Bank | 12,449,356 | 1.69% | $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 | 0.85% | $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 | 67.2% | 157 / 511 | 489 / 139 | 108M | 52M |
| Q4 2025 | 1,326 | 513M | 69.8% | 210 / 487 | 481 / 123 | 71M | 39M |
| Q3 2025 | 1,268 | 483M | 65.7% | 136 / 442 | 527 / 224 | 39M | 75M |
| Q2 2025 | 1,379 | 519M | 70.7% | 161 / 566 | 457 / 117 | 42M | 37M |
| Q1 2025 | 1,354 | 516M | 70.2% | 182 / 536 | 451 / 101 | 43M | 33M |
| Q4 2024 | 1,293 | 512M | 69.7% | 253 / 449 | 421 / 63 | 47M | 38M |
| Q3 2024 | 1,124 | 504M | 68.6% | 158 / 438 | 387 / 93 | 104M | 54M |
| Q2 2024 | 1,070 | 509M | 69.3% | 104 / 433 | 386 / 131 | 54M | 66M |
| Q1 2024 | 1,109 | 524M | 71.3% | 167 / 395 | 402 / 105 | 73M | 54M |
| Q4 2023 | 1,062 | 506M | 68.8% | 153 / 344 | 446 / 148 | 65M | 69M |
| Q3 2023 | 1,069 | 510M | 69.4% | 122 / 408 | 412 / 147 | 43M | 51M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
907 funds held FTNT in Q2 2026, 63% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| 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 | 1.08% | $1.22B | 8.85% | Jun 30, 2026 |
| Vanguard Growth Index Fund | 6,938,109 | 0.94% | $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 | 0.32% | $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 | 20,078,009 | 2.73% | Nov 3, 2026 |
| Ken Xie | President & CEO, Director | 57,821,146 | 7.87% | Nov 3, 2026 |
| Christiane Ohlgart | Chief Financial Officer | 11,204 | 0.00% | Nov 3, 2026 |
| John Whittle | Chief Operating Officer | 99,250 | 0.01% | Nov 3, 2026 |
| Keith Jensen | Chief Financial Officer | 11,025 | 0.00% | May 5, 2025 |
| James G. Stavridis | Director | 17,648 | 0.00% | Oct 1, 2026 |
| Judith Sim | Director | 130,001 | 0.02% | Oct 1, 2026 |
| Derek T. Kan | Director | 459 | 0.00% | Oct 1, 2026 |
| Jean X. Hu | Director | 39,508 | 0.01% | Oct 1, 2026 |
| Kenneth A. Goldman | Director | 44,178 | 0.01% | Oct 1, 2026 |
| Janet Napolitano | Director | 4,733 | 0.00% | Oct 1, 2026 |
| Ming Hsieh | Director | 10,199 | 0.00% | Oct 1, 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 |
|---|---|---|---|---|---|---|
| Ken Xie President & CEO, Director | Nov 2, 2026 | Sale(10b5-1 plan) | −2,700 | $133.83 | $361.35K | 52,972,372 |
| Ken Xie President & CEO, Director | Nov 2, 2026 | Sale(10b5-1 plan) | −6,500 | $132.31 | $860.03K | 52,975,072 |
| Ken Xie President & CEO, Director | Nov 2, 2026 | Sale(10b5-1 plan) | −20,329 | $131.12 | $2.67M | 52,981,572 |
| Ken Xie President & CEO, Director | Nov 2, 2026 | Sale(10b5-1 plan) | −60,167 | $130.44 | $7.85M | 53,001,901 |
| Ken Xie President & CEO, Director | Nov 2, 2026 | Sale(10b5-1 plan) | −13,800 | $129.51 | $1.79M | 53,062,068 |
| Ken Xie President & CEO, Director | Nov 2, 2026 | Sale(10b5-1 plan) | −13,083 | $128.27 | $1.68M | 53,075,868 |
| Ken Xie President & CEO, Director | Nov 2, 2026 | Sale(10b5-1 plan) | −11,916 | $127.41 | $1.52M | 53,088,951 |
| Ken Xie President & CEO, Director | Nov 2, 2026 | Sale(10b5-1 plan) | −32,988 | $126.17 | $4.16M | 53,100,867 |
| Ken Xie President & CEO, Director | Nov 2, 2026 | Option exercise | +155,000 | $22.90 | $3.55M | 53,133,855 |
| Michael Xie VP, Engineering & CTO, Director | Nov 2, 2026 | Sale(10b5-1 plan) | −100 | $133.95 | $13.39K | 9,918,360 |
| Michael Xie VP, Engineering & CTO, Director | Nov 2, 2026 | Sale(10b5-1 plan) | −200 | $132.92 | $26.58K | 9,918,460 |
| Michael Xie VP, Engineering & CTO, Director | Nov 2, 2026 | Sale(10b5-1 plan) | −300 | $131.29 | $39.39K | 9,918,660 |
| Michael Xie VP, Engineering & CTO, Director | Nov 2, 2026 | Sale(10b5-1 plan) | −1,100 | $130.62 | $143.69K | 9,918,960 |
| Michael Xie VP, Engineering & CTO, Director | Nov 2, 2026 | Sale(10b5-1 plan) | −400 | $129.34 | $51.74K | 9,920,060 |
| Michael Xie VP, Engineering & CTO, Director | Nov 2, 2026 | Sale(10b5-1 plan) | −400 | $127.60 | $51.04K | 9,920,460 |
| Michael Xie VP, Engineering & CTO, Director | Nov 2, 2026 | Sale(10b5-1 plan) | −621 | $126.08 | $78.30K | 9,921,481 |
| Christiane Ohlgart Chief Financial Officer | Nov 1, 2026 | Tax withholding | −777 | $136.08 | $105.73K | 11,204 |
| Christiane Ohlgart Chief Financial Officer | Nov 1, 2026 | Option exercise | +301 | – | – | 11,981 |
| Christiane Ohlgart Chief Financial Officer | Nov 1, 2026 | Option exercise | +650 | – | – | 11,680 |
| Christiane Ohlgart Chief Financial Officer | Nov 1, 2026 | Option exercise | +685 | – | – | 11,030 |
| John Whittle Chief Operating Officer | Nov 1, 2026 | Tax withholding | −2,309 | $136.08 | $314.21K | 99,250 |
| John Whittle Chief Operating Officer | Nov 1, 2026 | Option exercise | +1,138 | – | – | 101,559 |
| John Whittle Chief Operating Officer | Nov 1, 2026 | Option exercise | +1,826 | – | – | 100,421 |
| John Whittle Chief Operating Officer | Nov 1, 2026 | Option exercise | +1,608 | – | – | 98,595 |
| Ken Xie President & CEO, Director | Nov 1, 2026 | Tax withholding | −6,611 | $136.08 | $899.62K | 52,978,855 |
| Ken Xie President & CEO, Director | Nov 1, 2026 | Option exercise | +2,276 | – | – | 52,985,466 |
| Ken Xie President & CEO, Director | Nov 1, 2026 | Option exercise | +4,558 | – | – | 52,983,190 |
| Ken Xie President & CEO, Director | Nov 1, 2026 | Option exercise | +6,260 | – | – | 52,978,632 |
| Michael Xie VP, Engineering & CTO, Director | Nov 1, 2026 | Tax withholding | −3,184 | $136.08 | $433.28K | 9,921,481 |
| Michael Xie VP, Engineering & CTO, Director | Nov 1, 2026 | Option exercise | +1,300 | – | – | 9,924,665 |
| Michael Xie VP, Engineering & CTO, Director | Nov 1, 2026 | Option exercise | +2,242 | – | – | 9,923,365 |
| Michael Xie VP, Engineering & CTO, Director | Nov 1, 2026 | Option exercise | +2,763 | – | – | 9,921,123 |
| Ming Hsieh Director | Sep 30, 2026 | Option exercise | +459 | – | – | 10,056 |
| Judith Sim Director | Sep 30, 2026 | Option exercise | +459 | – | – | 130,001 |
| Derek T. Kan Director | Sep 30, 2026 | Option exercise | +459 | – | – | 459 |
| Janet Napolitano Director | Sep 30, 2026 | Option exercise | +459 | – | – | 4,733 |
| James G. Stavridis Director | Sep 30, 2026 | Option exercise | +459 | – | – | 17,648 |
| Jean X. Hu Director | Sep 30, 2026 | Option exercise | +459 | – | – | 39,508 |
| Kenneth A. Goldman Director | Sep 30, 2026 | Option exercise | +459 | – | – | 23,928 |
| 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 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
1.82%
12M shares short
Days to cover
1.9
At 6M shares a day
Change since last report
-0.9%
From 12M shares
Short volume, 20 days
50.8%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Fortinet's stock actually held short. Settlement fails (shares not delivered on time) peaked at 7,856 shares on Oct 7, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Ken Xie Director, Officer | Nov 2, 2026 | 161,483 | $21.97M | Nov 2, 2026 | Exercise of Stock Options |
| Michael Xie Director, Officer | Nov 2, 2026 | 3,121 | $424.71K | Nov 2, 2026 | Restricted Stock Units |
| Christiane Ohlgart Officer | Sep 24, 2026 | 48 | $8.58K | Sep 24, 2026 | Restricted Stock Units |
| John Whittle Officer | Sep 14, 2026 | 56,700 | $8.85M | Sep 14, 2026 | Exercise of Stock Options |
| Christiane Ohlgart Officer | Aug 4, 2026 | 387 | $63.16K | Aug 4, 2026 | Restricted Stock Units |
| Michael Xie Director, Officer | Aug 3, 2026 | 3,121 | $505.45K | Aug 3, 2026 | Restricted Stock Units |
| Ken Xie Director, Officer | Aug 3, 2026 | 161,482 | $26.15M | Aug 3, 2026 | Exercise of Stock Options |
| Michael Xie Director, Officer | Jun 3, 2026 | 3,907 | $581.60K | Jun 3, 2026 | Restricted Stock Units |
| Ken Xie Director, Officer | Jun 2, 2026 | 160,632 | $23.64M | Jun 2, 2026 | Exercise of Stock Options |
| John Whittle Officer | May 21, 2026 | 146,015 | $18.98M | May 21, 2026 | Exercise of Stock Options |
| Christiane Ohlgart Officer | May 20, 2026 | 238 | $30.38K | May 20, 2026 | RSU/PSU |
| Christiane Ohlgart Officer | May 14, 2026 | 756 | $88.97K | May 14, 2026 | RSU/PSU |
| Christiane Ohlgart Officer | May 11, 2026 | 238 | $27.15K | May 11, 2026 | RSU/PSU |
| Christiane Ohlgart Officer | May 7, 2026 | 756 | $68.00K | May 7, 2026 | RSU/PSU |
| Christiane Ohlgart Officer | May 5, 2026 | 596 | $53.19K | May 5, 2026 | Restricted Stock Units and Performance Stock Units |
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