During the recent session, Fortinet Inc (NASDAQ:FTNT)’s traded shares were 1.04 million, with the beta value of the company hitting 1.10. At the last check today, the stock’s price was $96.52, reflecting an intraday loss of -1.25% or -$1.22. The 52-week high for the FTNT share is $114.82, that puts it down -18.96 from that peak though still a striking 43.46% gain since the share price plummeted to a 52-week low of $54.57. The company’s market capitalization is $74.22B, and the average trade volume was 5.22 million shares over the past three months.
Fortinet Inc (FTNT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.47. FTNT has a Sell rating from 1 analyst(s) out of 24 analysts who have looked at this stock. 9 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 14 recommend a Buy rating for it.
Fortinet Inc (NASDAQ:FTNT) trade information
Fortinet Inc (FTNT) registered a -1.25% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.25% in intraday trading to $96.52, hitting a weekly high. The stock’s 5-day price performance is -9.10%, and it has moved by -3.41% in 30 days. Based on these gigs, the overall price performance for the year is 62.41%.
The consensus price target of analysts on Wall Street is $107, which implies an increase of 9.79% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $100 and $123 respectively. As a result, FTNT is trading at a discount of -27.43% off the target high and -3.61% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 42.92%. While earnings are projected to return 4.16% in 2025, the next five years will return 10.11% per annum.
FTNT Dividends
Fortinet Inc is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 55.24 million shares, is of BLACKROCK INC.’s that is approximately 7.2318% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.33 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Fortinet Inc (FTNT) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 19.2 shares. This amounts to just over 2.51 percent of the company’s overall shares, with a $1.85 billion market value. The same data shows that the other fund manager holds slightly less at 17.22, or about 2.25% of the stock, which is worth about $1.66 billion.
