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New Analyst Forecast: $FTNT Given 'Neutral' Rating

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We just received data on a new analyst forecast for $FTNT. Roth Capital gave a rating of 'Neutral' for $FTNT.

$FTNT Analyst Ratings

Wall Street analysts have issued reports on $FTNT in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

  • Goldman Sachs issued a "Buy" rating on 01/02/2025
  • KeyBanc issued a "Overweight" rating on 12/19/2024
  • Morgan Stanley issued a "Overweight" rating on 12/02/2024
  • Cowen & Co. issued a "Buy" rating on 11/19/2024

To track analyst ratings and price targets for $FTNT, check out Quiver Quantitative's $FTNT forecast page.

$FTNT Price Targets

Multiple analysts have issued price targets for $FTNT recently. We have seen 7 analysts offer price targets for $FTNT in the last 6 months, with a median target of $103.0.

Here are some recent targets:

  • An analyst from UBS set a target price of $123.0 on 03/18/2025
  • Eric Heath from KeyBanc set a target price of $115.0 on 12/19/2024
  • Adam Borg from Stifel Nicolaus set a target price of $103.0 on 12/18/2024
  • Catherine Trebnick from Rosenblatt Securities set a target price of $100.0 on 11/19/2024
  • Stephen Bersey from HSBC set a target price of $111.0 on 11/11/2024
  • Keith Bachman from BMO Capital set a target price of $88.0 on 11/08/2024
  • Saket Kalia from Barclays set a target price of $85.0 on 11/04/2024

$FTNT Congressional Stock Trading

Members of Congress have traded $FTNT stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $FTNT stock by members of Congress over the last 6 months:

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$FTNT Insider Trading Activity

$FTNT insiders have traded $FTNT stock on the open market 57 times in the past 6 months. Of those trades, 2 have been purchases and 55 have been sales.

Here’s a breakdown of recent trading of $FTNT stock by insiders over the last 6 months:

  • KEN XIE (PRESIDENT & CEO) has made 0 purchases and 30 sales selling 389,156 shares for an estimated $38,093,536.
  • MICHAEL XIE (VP, ENGINEERING & CTO) has made 0 purchases and 7 sales selling 351,496 shares for an estimated $34,028,399.
  • KEITH JENSEN (Chief Financial Officer) has made 0 purchases and 14 sales selling 119,765 shares for an estimated $11,511,466.
  • JOHN WHITTLE (CHIEF OPERATING OFFICER) has made 0 purchases and 2 sales selling 38,495 shares for an estimated $3,293,666.
  • KENNETH A GOLDMAN has made 0 purchases and 2 sales selling 3,000 shares for an estimated $299,320.
  • WILLIAM H. NEUKOM has made 2 purchases buying 683 shares for an estimated $69,845 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$FTNT Hedge Fund Activity

We have seen 602 institutional investors add shares of $FTNT stock to their portfolio, and 514 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

  • NORGES BANK added 6,759,922 shares (+748.1%) to their portfolio in Q4 2024, for an estimated $638,677,430
  • FMR LLC added 2,846,475 shares (+77.2%) to their portfolio in Q4 2024, for an estimated $268,934,958
  • ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 2,151,811 shares (+39.3%) to their portfolio in Q4 2024, for an estimated $203,303,103
  • BESSEMER GROUP INC added 2,064,016 shares (+72.6%) to their portfolio in Q4 2024, for an estimated $195,008,231
  • SWEDBANK AB removed 2,015,745 shares (-29.6%) from their portfolio in Q4 2024, for an estimated $190,447,587
  • INVESCO LTD. added 2,000,888 shares (+31.3%) to their portfolio in Q4 2024, for an estimated $189,043,898
  • MILLENNIUM MANAGEMENT LLC removed 1,811,984 shares (-49.9%) from their portfolio in Q4 2024, for an estimated $171,196,248

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

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