Fortinet (MIL:1FTNT) Institutional Ownership: 45.69% (As of Aug. 06, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIL:1FTNT Fortinet Inc MIL:1FTNT
73 GF Score
Price €143.98
GF Value €91.51
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Fortinet Institutional Ownership?

Fortinet MIL:1FTNT +0.91% 73 Institutional Ownership is 45.69% as of Aug. 06, 2026. GuruFocus rates MIL:1FTNT with a GF Score™ of 73/100 and a GF Value™ of €91.51 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Institutional ownership is the percentage of shares that are owned by institutions out of the total shares outstanding. As of today, Fortinet's institutional ownership is 45.69%.

Insider Ownership is the percentage of shares that are owned by company insiders relative to the total shares outstanding. As of today, Fortinet's Insider Ownership is 0.00%.

Float Percentage Of Total Shares Outstanding is the percentage of float shares relative to the total shares outstanding. As of today, Fortinet's Float Percentage Of Total Shares Outstanding is 82.68%.

Fortinet Institutional Ownership Historical Data

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The historical data trend for Fortinet's Institutional Ownership can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fortinet Institutional Ownership Chart

Fortinet Historical Data

The historical data trend for Fortinet can be seen below:

2025-10-31 2025-11-30 2025-12-31 2026-01-31 2026-02-28 2026-03-31 2026-04-30 2026-05-31 2026-06-30 2026-07-31
Institutional Ownership 47.46 48.12 47.42 46.32 46.75 46.75 44.54 47.09 45.96 45.69
MIL:1FTNT
73GF Score
Fortinet Inc MIL:1FTNT
Institutional Ownership is just one metric. See GF Score™, valuation, warning signs, and more.
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Fortinet Institutional Ownership Calculation

The percentage of shares that are owned by institutions out of the total shares outstanding.

What does a Institutional Ownership of 45.69% mean?
Fortinet (MIL:1FTNT) has a Institutional Ownership of 45.69% as of Aug. 06, 2026. Institutional ownership equals the percent of shares owned by financial institutions relative to total shares. View historical data on Fortinet and its competitors.
Is Fortinet's Institutional Ownership too high?
Fortinet's current Institutional Ownership is 45.69%. Overall, Fortinet has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortinet's Institutional Ownership compare to NET and SNPS?
Fortinet's Institutional Ownership of 45.69% can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Institutional Ownership for a Software company?
A good Institutional Ownership depends on the Software industry context. However, Institutional Ownership should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Institutional Ownership mean?
A high Institutional Ownership can signal that a stock is expensive relative to its fundamentals. Institutional ownership equals the percent of shares owned by financial institutions relative to total shares. View historical data on Fortinet and its competitors. Fortinet's current Institutional Ownership is 45.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortinet stock overvalued right now?
Based on GuruFocus' analysis, Fortinet (MIL:1FTNT) is currently considered Significantly Overvalued. The stock's GF Value™ is €91.51, compared to a current price of €143.98 — trading 57.3% above its estimated fair value. The current Institutional Ownership is 45.69%. Fortinet's overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Institutional Ownership calculated?
Institutional Ownership is calculated from a company's financial statements. For Fortinet (MIL:1FTNT), the current Institutional Ownership is 45.69% as of Aug. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fortinet (MIL:1FTNT) Overvalued in 2026?

Based on GuruFocus' analysis, Fortinet stock appears to be overvalued. The current stock price of €143.98 is trading 57.3% above its estimated GF Value™ of €91.51. GuruFocus considers Fortinet to be Significantly Overvalued.

Key valuation signals for MIL:1FTNT:

  • Institutional Ownership: 45.69%
  • GF Value™: €91.51 vs. price of €143.98 (57.3% above fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the MIL:1FTNT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fortinet Business Description

Address 909 Kifer Road, Sunnyvale, CA, USA, 94086
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.
73GF Score

Get the complete analysis for MIL:1FTNT

Institutional Ownership is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€143.98
Price
€91.51
GF Value