Fortinet, Inc.
Fortinet, Inc. (FTNT) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · FTNT · as of Mar 31, 2025
Ownership Breakdown
1,431
Institutional Holders
▲ 67 vs Q4
$49.67B
Total Inst. Value
▲ $1.35B vs Q4
732.65M
Shares Outstanding
freeFloat 84.30%
516.69M
13F Shares Held
▲ 5.34M vs Q4
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
FTNT largest shareholders · institutional ownership
Q1 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC computer peripheral equipment, nec | 71.66M | 9.33% | 9.33% | $6.90T | May 9, 2025 | ▲ 3.55M |
BLACKROCK, INC. computer peripheral equipment, nec | 58.62M | 7.63% | 7.63% | $5.64T | May 2, 2025 | ▲ 1.99M |
STATE STREET CORP computer peripheral equipment, nec | 28.32M | 3.69% | 3.69% | $2.73T | May 15, 2025 | ▲ 91.2K |
GEODE CAPITAL MANAGEMENT, LLC computer peripheral equipment, nec | 16.09M | 2.09% | 2.09% | $1.55T | May 13, 2025 | ▲ 817.5K |
BANK OF NEW YORK MELLON CORP computer peripheral equipment, nec | 15.25M | 1.98% | 1.98% | $1.47T | Apr 29, 2025 | ▼ 707.4K |
NORGES BANK computer peripheral equipment, nec | 11.78M | 1.53% | 1.53% | $1.13T | May 11, 2026 | ▲ 4.12M |
MORGAN STANLEY computer peripheral equipment, nec | 9.83M | 1.28% | 1.28% | $946.12B | May 15, 2025 | ▼ 1.17M |
INVESCO LTD. computer peripheral equipment, nec | 8.57M | 1.12% | 1.12% | $825.00B | May 12, 2025 | ▲ 181.8K |
FUNDSMITH LLP computer peripheral equipment, nec | 8.52M | 1.11% | 1.11% | $820.43B | May 15, 2025 | ▼ 7.4K |
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP computer peripheral equipment, nec | 7.96M | 1.04% | 1.04% | $766.38B | May 14, 2025 | ▲ 339.4K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q1 2025 vs prior quarter
Q1 2025
28
Increased
+23.22M shares1
New Positions
first time holders21
Decreased
−12.44M shares0
Sold Out
fully exitedNet shares change (top 50)
+10.78M
+23.22M / −12.44M
Net new holders
+8
1 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
FTNT insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
19
Buy transactions
57
Sell transactions
0.33
Buy/Sell ratio
$4M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Xie Michael VP, ENGINEERING & CTO | Jun 4, 2026 | Gift | 2,500 | — | — | 9.92M | Form 4 ↗ |
Xie Michael VP, ENGINEERING & CTO | Jun 4, 2026 | Gift | 2,250 | — | — | 9.92M | Form 4 ↗ |
Xie Michael VP, ENGINEERING & CTO | Jun 4, 2026 | Gift | 500 | — | — | 9.92M | Form 4 ↗ |
Xie Ken PRESIDENT & CEO | Jun 2, 2026 | Sale | 9,641 | $142.37 | $1.37M | 53.12M | Form 4 ↗ |
Xie Ken PRESIDENT & CEO | Jun 2, 2026 | Sale | 19,867 | $143.43 | $2.85M | 53.10M | Form 4 ↗ |
Xie Ken PRESIDENT & CEO | Jun 2, 2026 | Sale | 39,854 | $144.29 | $5.75M | 53.06M | Form 4 ↗ |
Xie Ken PRESIDENT & CEO | Jun 2, 2026 | Sale | 12,821 | $145.04 | $1.86M | 53.05M | Form 4 ↗ |
Xie Ken PRESIDENT & CEO | Jun 2, 2026 | Sale | 37,540 | $146.36 | $5.49M | 53.01M | Form 4 ↗ |
Xie Ken PRESIDENT & CEO | Jun 2, 2026 | Sale | 13,790 | $147.37 | $2.03M | 53.00M | Form 4 ↗ |
Xie Ken PRESIDENT & CEO | Jun 2, 2026 | Sale | 18,492 | $148.24 | $2.74M | 52.98M | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Fortinet, Inc. (FTNT) is primarily owned by institutional investors, who hold approximately 70.5% of total shares outstanding. Company insiders own approximately 15.70%, while retail and public investors account for the remaining 13.78%.
The largest institutional shareholder of Fortinet, Inc. is VANGUARD GROUP INC, holding approximately 71.66 million shares — equal to 9.33% of outstanding shares — as of March 31, 2025.
A total of 1,431 institutional investors currently hold FTNT stock, with a combined institutional value of approximately $49.67 billion as of the most recent 13F filing period.
Frequently asked questions
FTNT ownershipFortinet, Inc. (FTNT) is primarily owned by institutional investors, who hold approximately 70.5% of shares. The largest shareholder is VANGUARD GROUP INC with a 9.33% stake. Company insiders hold 15.70%. Data sourced from SEC Form 13F as of March 31, 2025.