FortinetFTNT
About: Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.
Employees: 13,527
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
91% more funds holding in top 10
Funds holding in top 10: 11 [Q2] → 21 (+10) [Q3]
41% more first-time investments, than exits
New positions opened: 158 | Existing positions closed: 112
24% more capital invested
Capital invested by funds: $31B [Q2] → $38.5B (+$7.46B) [Q3]
11% more repeat investments, than reductions
Existing positions increased: 419 | Existing positions reduced: 377
4% more funds holding
Funds holding: 1,043 [Q2] → 1,089 (+46) [Q3]
2.81% less ownership
Funds ownership: 67.39% [Q2] → 64.58% (-2.81%) [Q3]
21% less call options, than puts
Call options by funds: $615M | Put options by funds: $782M
Research analyst outlook
32 Wall Street Analysts provided 1 year price targets over the past 3 months
32 analyst ratings
Truist Securities Joel Fishbein 77% 1-year accuracy 23 / 30 met price target | 9%upside $105 | Buy Reiterated | 20 Nov 2024 |
Scotiabank Patrick Colville 69% 1-year accuracy 20 / 29 met price target | 14%upside $110 | Sector Outperform Maintained | 20 Nov 2024 |
Rosenblatt Catharine Trebnick 56% 1-year accuracy 27 / 48 met price target | 4%upside $100 | Buy Maintained | 20 Nov 2024 |
B of A Securities Tal Liani 53% 1-year accuracy 8 / 15 met price target | 8%upside $104 | Buy Maintained | 19 Nov 2024 |
Wedbush Daniel Ives 73% 1-year accuracy 95 / 131 met price target | 9%upside $105 | Outperform Maintained | 19 Nov 2024 |
Financial journalist opinion
Based on 38 articles about FTNT published over the past 30 days
