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WAVEMAN · COMPANY
FTNT · Fortinet, Inc.
> Ask across nine datasets ⌘K
LIVE
TEAM-0.32% 13F +439META+3.01% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV+4.49% 13F +693CRM+2.92% 13F +1,018CVNA-0.98% 13F +794TPL-0.71% 13F +444NET+4.32% 13F +710MSTR+17.56% 13F +526DELL+4.91% 13F +1,203CRWD+5.68% 13F +1,382ANET+1.22% 13F +1,323COIN+10.14% 13F +475TEAM-0.32% 13F +439META+3.01% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV+4.49% 13F +693CRM+2.92% 13F +1,018CVNA-0.98% 13F +794TPL-0.71% 13F +444NET+4.32% 13F +710MSTR+17.56% 13F +526DELL+4.91% 13F +1,203CRWD+5.68% 13F +1,382ANET+1.22% 13F +1,323COIN+10.14% 13F +475
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FTNT

Fortinet, Inc.
INDUSTRIALS · COMPUTER PERIPHERAL EQUIPMENT, NEC · CIK 0001262039
CONGRESS · 3FORM 144 · 3☆ WATCH
INSIDER NET · 180D
-$70.5M
open-market buys minus sells, Form 4 codes P and S
INSIDER BUYERS · 180D
0
CONGRESS BUYERS · 1Y
3
FUNDS ADDED · QTR
854
13F, latest reported quarter
REVENUE GROWTH
+14.2%
XBRL, annual
NET MARGIN
27.3%
CONVERSIONS · 180D
41
codes C/M, not in net · $11.5M priced
SEVEN FACTS, RANKED AGAINST THE SECTOR · RANK IS NOT A FORECAST
INSIDERS
net -$70.5M over 180 days
-$26.8M over 90 days
below 90% of Industrials
CONGRESS
3 members bought in the last year
more than 76% of Industrials
FUNDS
854 funds added or opened last quarter
more than 93% of Industrials
REVENUE
+14.2% year over year
more than 68% of Industrials
MARGIN
27.3% net margin
more than 98% of Industrials
BUYBACKS
$972.8M repurchased, FY to 2026-06-30
more than 90% of Industrials
SHORT
2.0% of shares outstanding short · 2.5 days to cover · settled 2026-07-31
below 66% of Industrials
THE SITUATION · EVERY LINE IS ONE RULE OVER ONE DATASET
Insiders are net sellers: -$70.5M across 4 people in 180 days.
854 funds added or opened positions in the latest 13F quarter, of 1,586 holders.
3 members of Congress reported buying it this year.
The year, with the filings on it
Total return indexed to 100 over the last 12 months · every marker is a federal filing, placed at its date — hover any marker for the detail
TOTAL 12M RETURN +103.2%
+103.2%12M
-2%+40%+82%+125%2025-092025-102025-122026-032026-052026-072026-09 2026-02-02 · Xie Michael sold $16.7M2026-05-21 · Whittle John sold $11.1M2026-08-03 · Xie Ken sold $11.1M2026-02-02 · Xie Michael sold $10.5M2026-08-03 · Xie Ken sold $7.9M2026-02-02 · Xie Ken sold $7.7M2026-05-21 · Whittle John sold $7.1M2026-02-02 · Xie Ken sold $6.5M2026-06-02 · Xie Ken sold $5.8M2026-06-02 · Xie Ken sold $5.5M2025-11-03 · Xie Ken sold $5.3M2025-11-03 · Xie Ken sold $5.0M2025-11-03 · Xie Ken sold $3.5M2026-08-03 · Xie Ken sold $3.2M2026-08-03 · Xie Ken sold $2.9M2026-06-02 · Xie Ken sold $2.8M2026-06-02 · Xie Ken sold $2.7M2026-06-02 · Xie Ken sold $2.0M2026-06-02 · Xie Ken sold $1.9M2026-06-02 · Xie Ken sold $1.4M2026-06-02 · Xie Ken sold $1.3M2026-08-03 · Xie Ken sold $1.2M2026-02-02 · Xie Michael sold $777.2K2026-05-21 · Whittle John sold $546.2K2026-05-04 · Xie Ken sold $390.6K2026-06-03 · Xie Michael sold $342.5K2026-08-03 · Xie Michael sold $231.8K2026-05-04 · Xie Michael sold $180.7K2025-11-03 · Xie Michael sold $141.9K2026-08-03 · Xie Michael sold $131.2K2026-08-03 · Xie Michael sold $112.3K2025-11-03 · Xie Michael sold $105.2K2026-02-02 · Xie Ken sold $96.7K2026-05-14 · Ohlgart Christiane sold $90.7K2026-06-03 · Xie Michael sold $83.3K2026-05-07 · Ohlgart Christiane sold $83.2K2026-06-03 · Xie Michael sold $67.0K2026-08-04 · Ohlgart Christiane sold $63.7K2025-11-03 · Xie Michael sold $59.8K2026-06-03 · Xie Michael sold $59.7K2026-05-05 · Ohlgart Christiane sold $53.5K2026-02-03 · Ohlgart Christiane sold $40.9K2026-08-04 · Margrit Christiane Ohlgart filed to sell $63.2K2026-08-03 · MICHAEL XIE filed to sell $505.4K2026-08-03 · KEN QING XIE filed to sell $26.2M
INSIDER SELLFORM 144
INDEXED RETURN, DIVIDEND-ADJUSTED — NOT A PRICE CHART · LARGE TRADES DRAWN FIRST WHEN A NAME FILES HEAVILY
Live price
Daily candles from TradingView, on their licence — no filings are marked on this one
WHY THIS NAME IS ON THE DESK
Insiders have filed to sell — before selling.
The record shows a net $70.5M sold by insiders over 180 days, 854 funds added last quarter, 3 Congress member(s) bought in 12 months, $26.7M in planned Form 144 sales. Every figure is a federal filing, dated the day it became public.
Same sector, ranked by filing activity
Sector from the SEC's own SIC classification
Insider transactions
Form 4 purchases and sales (codes P and S) — grants, option exercises and preferred conversions excluded

Over the last 180 days, Fortinet, Inc. insiders sold a net $70.5M of stock across 442 Form 4 purchases and sales, with 0 insider(s) buying. Source: SEC Form 4 filings, as of 2026-09-05.

INSIDER
FILED
SHARES
VALUE
Ohlgart Christiane
Chief Financial Officer
SELL
2026-08-04
387.0
$63.7K
Xie Ken
PRESIDENT & CEO
SELL
2026-08-03
18,409.0
$2.9M
Xie Ken
PRESIDENT & CEO
SELL
2026-08-03
19,647.0
$3.2M
Xie Ken
PRESIDENT & CEO
SELL
2026-08-03
7,350.0
$1.2M
Xie Ken
PRESIDENT & CEO
SELL
2026-08-03
67,971.0
$11.1M
442 TRANSACTIONS ON RECORD

Showing the most recent few. Create a free account to see 437 more transactions on record, the cross-source screener and CSV export. We store only your email address, and there is no password to create.

Institutional holders
13F · holdings as of the latest quarter funds have reported
BlackRock, Inc.
62,242,221.0 sh
$9.6B
VANGUARD CAPITAL MANAGEMENT LLC
40,663,961.0 sh
$6.2B
STATE STREET CORP
29,630,652.0 sh
$4.6B
VANGUARD PORTFOLIO MANAGEMENT LLC
24,844,685.0 sh
$3.8B
Invesco Ltd.
24,621,016.0 sh
$3.8B
SCHEDULE 13D/G
No 5%+ ownership filings
Nobody has crossed 5% with a filing obligation. Absence is a fact here, not missing data.
Planned sales · Form 144
Filed before the sale — intent, not a trade
Margrit Christiane Ohlgart
FILED 2026-08-04
$63.2K
MICHAEL XIE
FILED 2026-08-03
$505.4K
KEN QING XIE
FILED 2026-08-03
$26.2M
Fund concentration
N-PORT · funds ranked by how much of THEMSELVES they put in this stock — the conviction number 13F cannot show
First Trust Nasdaq Cybersecurity ETF
$701.6M POSITION · AS OF 2026-03-31
7.4%
Amplify Cybersecurity ETF
$94.1M POSITION · AS OF 2026-03-31
5.0%
WisdomTree Cybersecurity Fund
$3.5M POSITION · AS OF 2026-03-31
4.7%
iShares Cybersecurity and Tech ETF
$31.3M POSITION · AS OF 2026-04-30
4.2%
Yieldmax Ultra Option Income Strategy ETF
$30.4M POSITION · AS OF 2026-04-30
3.6%
Leadershares Alphafactor Tactical Focused ETF
$1.9M POSITION · AS OF 2026-04-30
3.2%
SEC N-PORT, MONTHLY WITH A ~60-DAY PUBLIC LAG · FUNDS ≥ $10M · % = SHARE OF THE FUND'S OWN BOOK
Executive pay vs shareholder return · Ken Xie
DEF 14A pay-versus-performance disclosure · both the headline pay and the SEC's mark-to-market figure, beside the return the company delivered and the return of the peer group it chose itself
FY
CEO TOTAL
ACTUALLY PAID
OTHER NEOs AVG
TSR
PEER TSR
2025
$11.5M
$1.1M
$5.7M
+167%
+158%
2024
$13.1M
$37.7M
$6.0M
+342%
+201%
2023
$16.3M
$21.5M
$6.6M
+174%
+121%
2022
$14.2M
-$15.2M
$4.5M
+129%
+33%
2021
$14.2M
$84.7M
$4.9M
+237%
+107%
TAGGED BY THE COMPANY UNDER SEC ITEM 402(v) · RETURN IS CUMULATIVE FROM THE START OF THE DISCLOSURE PERIOD · GREEN WHERE THE COMPANY BEAT ITS OWN PEER GROUP
Fundamentals
Annual figures from XBRL filings · pick a past date to see them exactly as the market knew them then — restatements and all
2025-122024-122023-122022-12
REVENUE$6.8B$6.0B$5.3B$4.4B
GROSS PROFIT$5.5B$4.8B$4.1B$3.3B
OPERATING INCOME$2.1B$1.8B$1.2B$969.6M
NET INCOME$1.9B$1.7B$1.1B$857.3M
EPS (DILUTED)2.422.261.461.06
OPERATING CASH FLOW$2.6B$2.3B$1.9B$1.7B
CASH$2.5B$2.9B$1.4B$1.7B
LONG-TERM DEBT$496.6M$994.3M$992.3M$990.4M
BUYBACKS$2.3B$600.0K$1.5B$2.0B
SEC XBRL · FISCAL-YEAR PERIODS · AS KNOWN ON 2026-09-05 · NOBODY ELSE SHOWS FUNDAMENTALS AS OF A PAST DATE
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Public filings, honestly analyzed. Official US government sources in one desk — every figure carries the date it was filed, and the methodology is published, backtest included.

SEC FORM 4FORM 13F 13D/GFORM 144XBRL STOCK ACTCONTRACTSFEC CFPBNRC
© 2026 WAVEMAN · SOURCE: SEC EDGAR & OFFICIAL GOVERNMENT DATA · NOT INVESTMENT ADVICE · CHART BY TRADINGVIEW · UPDATED 2026-09-05 ALL SYSTEMS LIVE FOR MACHINES →