Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FORTINET INC (FTNT)

1K + Investors. Track Smart Money conviction in FTNT. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +62
Streak
1Q ▲
Buyers last Q
52%

Smart Money Signals — FTNT

Based on 1227 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added FTNT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
1,227 hedge funds hold FTNT right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +4% more funds vs a year ago

fund count last 6Q
+44 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

662 buying601 selling
Last quarter: 662 funds bought or added vs 601 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+79 vs last Q)

new funds entering per quarter
Funds opening a new FTNT position: 177 → 163 → 120 → 199. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 21% medium ■ 17% new
759 out of 1,227 hedge funds have held FTNT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~199 new funds/quarter

211 → 177 → 163 → 120 → 199 new funds/Q
New funds entering each quarter: 177 → 163 → 120 → 199. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 64% of holders stayed 2+ years

■ 64% veterans ■ 12% 1-2yr ■ 24% new
Of 1,294 current holders: 829 (64%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 54% AUM from top-100 funds

54% from top-100 AUM funds
42 of 1227 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in FTNT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: FTNT

How many hedge funds hold FTNT — quarterly history vs. share price
Quarterly hedge fund ownership of FTNT vs. share price

Market Analysis: FTNT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FTNT

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

134 top-rated funds 14 high-conviction
Consensus
9.2
/ 10
breadth
×
Elite
4.3
/ 10
conviction
Hedge Fund Positioning: FTNT
2026 Q1 Stats Unlock in 9 days 1K + Investors

Track Smart Money conviction in FTNT. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 1294 1229 5.29%
13F Shares 495M 480M 3.18%
Total Value $38.92B $39.75B -2.09%
New Positions 206 123 +83
Increased Positions 547 531 +16
Closed Positions 142 249 -107
Reduced Positions 549 551 -2
Total Calls 39 39 -
Total Puts 32 35 -8.57%
PUT/CALL Ratio 0.82 0.9 Neutral

Statistics: FTNT

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FTNT. Verified SEC 13F-HR filings.

Top 25 institutional holders of FTNT — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 one8zero8, LLC 3.66% 201,318 $16.5M
2 Spurstone Advisory Services, LLC 3.50% 2,500 $204K
3 Fulcrum Capital LLC 3.10% 174,592 $14.3M
4 ACCOUNT MANAGEMENT LLC 2.97% 33,218 $2.7M
5 Altrafin AG 2.90% 103,115 $8.4M
6 GROESBECK INVESTMENT MANAGEMENT CORP /NJ/ 2.39% 14,995 $1K
7 KRS Capital Management, LLC 2.30% 45,980 $3.8M
8 GILPIN WEALTH MANAGEMENT, LLC 1.92% 29,743 $2.4M
9 CARDEROCK CAPITAL MANAGEMENT INC 1.84% 91,109 $7.4M
10 WILKINS INVESTMENT COUNSEL INC 1.77% 151,323 $12.4M
11 BUCKHEAD CAPITAL MANAGEMENT LLC 1.73% 56,152 $4.6M
12 WOODSTOCK CORP 1.71% 234,494 $19.2M
13 SAWGRASS ASSET MANAGEMENT LLC 1.64% 133,479 $10.9M
14 Sarasin & Partners LLP 1.51% 1,517,445 $124.0M
15 Evergreen Private Wealth LLC 1.50% 45,315 $3.7M
16 BARLOW WEALTH PARTNERS, LLC 1.47% 161,271 $13.2M
17 Boomfish Wealth Group, LLC 1.45% 33,262 $2.7M
18 DAVIDSON INVESTMENT ADVISORS 1.29% 270,697 $26.1M
19 DB Fitzpatrick & Co, Inc 1.28% 18,277 $1.5M
20 Seascape Capital Management 1.13% 47,866 $4K
21 Alessandra Capital Management, LLC 1.04% 14,730 $1.2M
22 Tuttle Capital Management, LLC 1.01% 7,491 $612K
23 Davidson Capital Management Inc. 0.98% 66,445 $5.4M
24 Greater Midwest Financial Group, LLC 0.96% 21,889 $1.8M
25 MERIDIAN MANAGEMENT CO 0.95% 46,929 $3.8M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — FORTINET INC (FTNT)

What does the Smart Money Trend signal show for FTNT?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added FTNT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for FTNT?

Slight buying edge — 52% buying: Last quarter: 662 funds bought or added vs 601 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FTNT holders?

Elite ownership — 54% AUM from top-100 funds: 42 of 1227 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in FTNT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held FTNT?

62% of holders stayed for 2+ years: 759 out of 1,227 hedge funds have held FTNT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.