The average one-year price target for Fortinet (NasdaqGS:FTNT) has been revised to $110.25 / share. This is an increase of 19.79% from the prior estimate of $92.04 dated April 25, 2026.
The price target is an average of many targets provided by analysts. The latest targets range from a low of $70.70 to a high of $136.50 / share. The average price target represents a decrease of 6.32% from the latest reported closing price of $117.69 / share.
What is the Fund Sentiment?
There are 1,357 funds or institutions reporting positions in Fortinet. This is an decrease of 642 owner(s) or 32.12% in the last quarter. Average portfolio weight of all funds dedicated to FTNT is 0.17%, an increase of 38.66%. Total shares owned by institutions decreased in the last three months by 7.04% to 499,859K shares. 
The put/call ratio of FTNT is 1.32, indicating a bearish outlook.
What are Other Shareholders Doing?
Geode Capital Management holds 16,976K shares representing 2.32% ownership of the company. In its prior filing, the firm reported owning 17,182K shares , representing a decrease of 1.21%. The firm decreased its portfolio allocation in FTNT by 9.73% over the last quarter.
Norges Bank holds 14,519K shares representing 1.98% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
Bank of New York Mellon holds 13,333K shares representing 1.82% ownership of the company. In its prior filing, the firm reported owning 14,505K shares , representing a decrease of 8.79%. The firm decreased its portfolio allocation in FTNT by 92.06% over the last quarter.
First Trust Advisors holds 11,506K shares representing 1.57% ownership of the company. In its prior filing, the firm reported owning 7,908K shares , representing an increase of 31.27%. The firm increased its portfolio allocation in FTNT by 46.83% over the last quarter.
Invesco holds 10,005K shares representing 1.37% ownership of the company. In its prior filing, the firm reported owning 10,833K shares , representing a decrease of 8.27%. The firm decreased its portfolio allocation in FTNT by 88.18% over the last quarter.
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