Fortinet Inc (FTNT) Ownership

58.88 ↓6.32 (-9.69%)

As of May 3, 2024, 3:59pm EST.

Institutions
Mutual Funds

Institutional Ownership

Vanguard Group Inc is the biggest individual institutional holder of Fortinet Inc (FTNT), owning a total of 67.3 million shares. Combined, the top 31 institutional holders of FTNT own 47.37% of the company with a total of 362.7 million shares.

In the latest ownership report on December 31st 2023, the top 31 institutional holders increased their combined ownership of FTNT by 4.8 million shares. 9 institutions bought 19,521,423 total additional shares and increased their ownership by an average of 139.32%. However 11 institutions sold 14,760,287 total shares and decreased their ownership by an average of 13.3%.

Overall this is a positive sign as the number of shares owned by the top 20 institutional holders of Fortinet increased by a net total of 4,761,136 in the latest quarter.

Institution Ownership Chart

Latest Institutional Ownership Changes

Owner	Percent Owned	Percent Change	Shares Owned	Share Change	Date Reported
Vanguard Group Inc	8.817%	-0.839%	67,273,216	-569,257	2023-12-31
BlackRock Inc	7.104%	7.806%	54,207,379	3,924,964	2023-12-31
State Street Corporation	3.486%	4.073%	26,601,877	1,041,135	2023-12-31
AllianceBernstein L.P.	3.396%	-11.058%	25,913,304	-3,221,587	2023-12-31
Bank of New York Mellon Corp	2.398%	-1.881%	18,299,787	-350,717	2023-12-31
Geode Capital Management, LLC	1.866%	0.846%	14,239,428	119,438	2023-12-31
Nordea Investment Mgmt Bank Demark A/s	1.161%	-6.160%	8,859,457	-581,602	2023-12-31
Morgan Stanley - Brokerage Accounts	1.044%	-8.036%	7,967,861	-696,263	2023-12-31
Goldman Sachs Group Inc	0.965%	12.694%	7,359,488	828,986	2023-12-31
Fundsmith LLP	0.961%	48.893%	7,331,844	2,407,603	2023-12-31
Amvescap Plc.	0.950%	29.559%	7,249,588	1,653,980	2023-12-31
Legal & General Group PLC	0.916%	27.230%	6,991,770	1,496,387	2023-12-31
Northern Trust Corp	0.827%	-3.129%	6,306,205	-203,673	2023-12-31
Arrowstreet Capital Limited Partnership	0.783%	-21.497%	5,973,895	-1,635,847	2023-12-31
T. Rowe Price Investment Management,Inc.	0.736%	-18.710%	5,613,538	-1,292,007	2023-12-31
ING Investment Management LLC	0.711%	160.797%	5,426,282	3,345,630	2023-12-31
First Trust Advisors L.P.	0.697%	-30.740%	5,318,413	-2,360,532	2023-12-31
Two Sigma Advisers, LLC	0.681%	961.977%	5,192,220	4,703,300	2023-12-31
Ameriprise Financial Inc	0.669%	-42.367%	5,102,510	-3,750,951	2023-12-31
Renaissance Technologies Corp	0.665%	-1.892%	5,073,694	-97,851	2023-12-31

Top Institutions

Owner	Percent Owned	Percent Change	Shares Owned	Share Change	Date Reported
Vanguard Group Inc	8.817%	-0.839%	67,273,216	-569,257	2023-12-31
BlackRock Inc	7.104%	7.806%	54,207,379	3,924,964	2023-12-31
State Street Corporation	3.486%	4.073%	26,601,877	1,041,135	2023-12-31
AllianceBernstein L.P.	3.396%	-11.058%	25,913,304	-3,221,587	2023-12-31
Bank of New York Mellon Corp	2.398%	-1.881%	18,299,787	-350,717	2023-12-31
Geode Capital Management, LLC	1.866%	0.846%	14,239,428	119,438	2023-12-31
Altshuler Shaham Ltd	1.260%	-2.031%	9,842,735	-204,010	2022-06-30
Nordea Investment Mgmt Bank Demark A/s	1.161%	-6.160%	8,859,457	-581,602	2023-12-31
FMR Inc	1.143%	-42.828%	8,774,011	-6,572,750	2023-09-30
Morgan Stanley - Brokerage Accounts	1.044%	-8.036%	7,967,861	-696,263	2023-12-31
Goldman Sachs Group Inc	0.965%	12.694%	7,359,488	828,986	2023-12-31
Fundsmith LLP	0.961%	48.893%	7,331,844	2,407,603	2023-12-31
Amvescap Plc.	0.950%	29.559%	7,249,588	1,653,980	2023-12-31
Viking Global Investors LP	0.918%	-8.307%	7,050,550	-638,737	2023-09-30
Legal & General Group PLC	0.916%	27.230%	6,991,770	1,496,387	2023-12-31
NORGES BANK	0.815%	25.068%	6,401,386	1,283,061	2022-12-31
T. Rowe Price Associates, Inc.	0.832%	-13.508%	6,391,852	-998,277	2023-09-30
Northern Trust Corp	0.827%	-3.129%	6,306,205	-203,673	2023-12-31
Arrowstreet Capital Limited Partnership	0.783%	-21.497%	5,973,895	-1,635,847	2023-12-31
T. Rowe Price Investment Management,Inc.	0.736%	-18.710%	5,613,538	-1,292,007	2023-12-31
ING Investment Management LLC	0.711%	160.797%	5,426,282	3,345,630	2023-12-31
Alphinity Investment Management Pty Ltd	0.678%	32.518%	5,322,762	1,306,141	2023-03-31
First Trust Advisors L.P.	0.697%	-30.740%	5,318,413	-2,360,532	2023-12-31
Amundi	0.680%	22.388%	5,280,888	966,015	2023-06-30
Two Sigma Advisers, LLC	0.681%	961.977%	5,192,220	4,703,300	2023-12-31
Ameriprise Financial Inc	0.669%	-42.367%	5,102,510	-3,750,951	2023-12-31
Renaissance Technologies Corp	0.665%	-1.892%	5,073,694	-97,851	2023-12-31
Marshall Wace Asset Management Ltd	0.619%	28.276%	4,851,276	1,069,367	2022-09-30
Bank of America Corp	0.545%	-9.359%	4,253,796	-439,230	2022-09-30
UBS Asset Mgmt Americas Inc	0.534%	8.279%	4,171,555	318,942	2022-09-30
TD Asset Management Inc	0.514%	-2.291%	4,013,684	-94,101	2022-06-30

Mutual Fund Ownership

Vanguard Instl Ttl Stck Mkt Idx Tr is the biggest individual fund holder of Fortinet Inc (FTNT), owning a total of 20.6 million shares. Combined, the top 30 mutual fund holders of FTNT own 26.74% of the company with a total of 205.1 million shares.

In the latest ownership report on March 31st 2024, the top 30 fund holders increased their combined ownership of FTNT by 14.5 million shares. 8 funds bought 14,730,480 total additional shares and increased their ownership by an average of 0.85%. However 3 funds sold 276,126 total shares and decreased their ownership by an average of 1.28%.

Overall this is a positive sign as the number of shares owned by the top 20 mutual funds holding Fortinet increased by a net total of 14,454,354 in the latest report.

Mutual Funds Chart

Latest Mutual Fund Ownership Changes

Owner	Percent Owned	Percent Change	Shares Owned	Share Change	Date Reported
Vanguard Institutional 500 Index Trust	2.105%	0.972%	16,064,746	154,564	2024-03-31
Invesco QQQ Trust	1.875%	0.000%	14,302,679	0	2024-03-31
SPDR® S&P 500 ETF Trust	1.007%	-0.771%	7,686,134	-59,724	2024-03-31
Vanguard Mid Cap Index Institutional	0.929%	-2.818%	7,087,323	-205,526	2024-03-31
Vanguard Growth Index Investor	0.813%	2.219%	6,200,960	134,596	2024-03-31
T. Rowe Price Growth Stock	0.717%	0.000%	5,469,245	5,469,245	2024-03-31
T. Rowe Price US Growth Stock Composite	0.717%	0.000%	5,469,245	5,469,245	2024-03-31
Technology Select Sector SPDR® ETF	0.576%	2.125%	4,396,223	91,491	2024-03-31
Vanguard Institutional Index I	0.549%	-0.259%	4,187,963	-10,876	2024-03-31
Vanguard Information Technology ETF	0.538%	1.118%	4,105,805	45,399	2024-03-31
T. Rowe Price Growth Stock Tr-B	0.440%	0.000%	3,354,440	3,354,440	2024-03-31
Swedbank Robur Technology A	0.406%	0.000%	3,100,000	0	2024-03-31
State St S&P 500® Indx SL Cl III	0.406%	0.373%	3,096,206	11,500	2024-03-31
First Trust NASDAQ Cybersecurity ETF	0.390%	0.000%	2,976,272	0	2024-03-31

Top Mutual Funds

Owner	Percent Owned	Percent Change	Shares Owned	Share Change	Date Reported
Vanguard Instl Ttl Stck Mkt Idx Tr	2.648%	1.797%	20,556,501	362,910	2023-03-31
Vanguard Total Stock Mkt Idx Inv	2.682%	-0.217%	20,463,908	-44,419	2024-02-29
Vanguard Institutional 500 Index Trust	2.105%	0.972%	16,064,746	154,564	2024-03-31
Vanguard 500 Index Investor	1.999%	0.545%	15,696,007	85,088	2023-08-31
Invesco QQQ Trust	1.875%	0.000%	14,302,679	0	2024-03-31
Performer (AFRIS)	1.115%	0.000%	8,509,454	8,509,454	2024-02-29
SPDR® S&P 500 ETF Trust	1.007%	-0.771%	7,686,134	-59,724	2024-03-31
Fidelity 500 Index	1.002%	1.017%	7,644,208	76,923	2024-02-29
Fidelity® 500 Index	0.989%	0.641%	7,595,647	48,337	2023-11-30
Vanguard Mid Cap Index Institutional	0.929%	-2.818%	7,087,323	-205,526	2024-03-31
iShares Core S&P 500 ETF	0.866%	0.740%	6,606,804	48,512	2024-03-28
Vanguard Growth Index Investor	0.813%	2.219%	6,200,960	134,596	2024-03-31
T. Rowe Price Growth Stock	0.717%	0.000%	5,469,245	5,469,245	2024-03-31
T. Rowe Price US Growth Stock Composite	0.717%	0.000%	5,469,245	5,469,245	2024-03-31
Technology Select Sector SPDR® ETF	0.576%	2.125%	4,396,223	91,491	2024-03-31
AllianceBernstein US L/C Growth Eqty MF	0.555%	-39.290%	4,232,368	-2,739,058	2024-02-29
Vanguard Institutional Index I	0.549%	-0.259%	4,187,963	-10,876	2024-03-31
Fidelity® Magellan®	0.531%	-1.169%	4,168,700	-49,300	2023-07-31
Vanguard Information Technology ETF	0.538%	1.118%	4,105,805	45,399	2024-03-31
AB Large Cap Growth A	0.518%	-39.827%	3,951,787	-2,615,569	2024-02-29
iShares MSCI USA Quality Factor ETF	0.473%	0.019%	3,607,255	692	2024-03-28
Columbia Seligman Technology Growth	0.448%	18.295%	3,511,603	543,088	2022-12-31
T. Rowe Price Growth Stock Tr-B	0.440%	0.000%	3,354,440	3,354,440	2024-03-31
Swedbank Robur Technology A	0.406%	0.000%	3,100,000	0	2024-03-31
State St S&P 500® Indx SL Cl III	0.406%	0.373%	3,096,206	11,500	2024-03-31
First Trust NASDAQ Cybersecurity ETF	0.390%	0.000%	2,976,272	0	2024-03-31
Pictet-Security I USD	0.374%	-2.673%	2,875,135	-78,949	2023-07-31
T. Rowe Price US Mid-Cap Growth Equity	0.360%	-19.209%	2,746,400	-653,000	2023-12-31
T. Rowe Price Mid-Cap Growth	0.360%	-19.209%	2,746,400	-653,000	2023-12-31
VanEck Morningstar Wide Moat ETF	0.350%	0.061%	2,670,483	1,620	2024-02-29