In a filing, Fortinet Inc revealed 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 $936.18 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 $0.62 million.
BMO Capital Markets reiterated its Fortinet Inc [FTNT] rating to a Market perform in a research note published on May 08, 2025; the price target was $110. A number of analysts have revised their coverage, including DZ Bank’s analysts, who decreased its forecast for the stock in early May from “a Hold” to “a Sell”. Roth Capital began covering FTNT with “Neutral” recommendation on April 23, 2025. Stephens started covering the stock on April 01, 2025. It rated FTNT as “an Equal-weight”.
Price Performance Review of FTNT
On Tuesday, Fortinet Inc [NASDAQ:FTNT] saw its stock fall -2.37% to $96.21. Over the last five days, the stock has lost -8.17%. Fortinet Inc shares have risen nearly 68.20% since the year began. Nevertheless, the stocks have risen 1.83% over the past one year.
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.
