Fortinet Inc’s recently made public that its VP, ENGINEERING & CTO Xie Michael unloaded Company’s shares for reported $46.94 million on Aug 04 ’25. In the deal valued at $98.48 per share,476,596 shares were sold. As a result of this transaction, Xie Michael now holds 9,730,560 shares worth roughly $725.61 million.
Then, Xie Ken sold 158,486 shares, generating $15,607,891 in total proceeds. Upon selling the shares at $98.48, the PRESIDENT & CEO now owns 51,391,879 shares.
Before that, Ohlgart Christiane sold 110 shares. Fortinet Inc shares valued at $10,830 were divested by the Chief Financial Officer at a price of $98.45 per share. As a result of the transaction, Ohlgart Christiane now holds 6,393 shares, worth roughly $0.48 million.
DZ Bank upgraded its Fortinet Inc [FTNT] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Market perform”‘ rating for it. TD Cowen also remained covering FTNT and has decreased its forecast on August 07, 2025 with a “Hold” recommendation from previously “Buy” rating. Rosenblatt revised its rating on August 07, 2025. It rated FTNT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of FTNT
On Monday, Fortinet Inc [NASDAQ:FTNT] saw its stock jump 0.24% to $74.57. Over the last five days, the stock has lost -24.33%. Fortinet Inc shares have risen nearly 6.64% since the year began. Nevertheless, the stocks have fallen -21.07% over the past one year. While a 52-week high of $114.82 was reached on 02/18/25, a 52-week low of $67.97 was recorded on 08/07/25.
Levels Of Support And Resistance For FTNT Stock
The 24-hour chart illustrates a support level at 73.29, which if violated will result in even more drops to 72.00. On the upside, there is a resistance level at 76.38. A further resistance level may holdings at 78.18.
How much short interest is there in Fortinet Inc?
A steep rise in short interest was recorded in Fortinet Inc stocks on 2025-07-15, growing by 0.91 million shares to a total of 18.55 million shares. Yahoo Finance data shows the prior-month short interest on 2025-06-13 was 17.64 million shares. There was a rise of 4.89%, which implies that there is a positive sentiment for the stock.
