There are concerns that OpenAI may be making a move in the cybersecurity industry.
FTNT Fortinet, Inc.
XNAS
174.05
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
FTNT
$174.05
—
Key stats
$174.05
Pre-market
$171.50
-1.47%
- 52-Week Range
- $73.55 – $197.13
- YTD
- +123.48%
- IV Rank (30D)
- 59.63
- Straddle Price
- $24.62
- P/C Vol Ratio
- 1.90
- Market Cap
- $125.4B
- Open
- $166.27
- Day Range
- $166.22 – $175.34
- Volume
- 3,085,296
- Prev Close
- $170.93
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.09% |
| Beta vs SPY | 1.22 |
| Cost of Equity (CAPM) | 11.80% (VRP-adj) |
| WACC | 11.79% |
| Volatility Risk Premium | +21.3pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 19.2% |
| Rev. Growth (YoY, DCF input) | +18.7% |
| DCF Horizon | 15 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $3.1B |
| Return on Equity (TTM) | 136.7% |
| Book / Price | 1.2% |
| Gross Margin (TTM) | 80.2% |
| FCF Margin (TTM) | 41.4% |
| Debt / Equity | 0.32 |
| Quality Score | 6/6 — compounder (15y DCF) |
| Market-Implied Growth | +22.1% (reverse-DCF on current price) |
| SMA 50 | $169.77 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $181.57 |
| Bollinger Width / SMA20 | 9.2% (drives anchor stability) |
| Net Debt | $-2.4B |
| Market Cap | $129B |
Peers used for multiples: AAPL, AVGO, CRWD, MSFT, NVDA, OKTA, PANW, ZS
60-Day Conviction
82%
20-Day Fair Value
≈ by Nov 19, 2026
$179.46
α +3.1%
rank 71%
conviction
99%
40-Day Fair Value
≈ by Dec 18, 2026
$178.64
α +2.6%
rank 46%
conviction
77%
60-Day Fair Value
≈ by Jan 18, 2027
$179.15
α +2.9%
rank 55%
conviction
82%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $136.59 | 19% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | $129.94 | 9% | median 41.7× · 7 peers |
| Peer EV/EBITDA | $286.52 | 9% | median 66.2× · 8 peers |
| Peer P/B | $30.27 | 2% | median 14.7× · 8 peers |
| Peer P/S | $160.95 | 6% | median 14.6× · 8 peers |
| Market Anchor (SMA50) | $169.77 | 38% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $170.46 | 19% | 35 strikes · skew +0.09 |
As of 2026-10-21 · updated
Related
About
- Industry (SIC)
- COMPUTER PERIPHERAL EQUIPMENT, NEC (3577) · industry map
- Exchange
- XNAS
- Market Cap
- $125.4B
- Employees
- 15,472
- List Date
- 2009-11-18
- CIK
- 0001262039
- Next Earnings
- 2026-10-28 (After-Close)
- EPS Forecast
- $0.77 (11 est.)
- Headquarters
- Sunnyvale, CA
- Homepage
- https://www.fortinet.com
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.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.56% | -10.77% | 7.87% | 11.61% | 6.47% | 4.34% | 3.16% |
| Feb | 13.79% | 14.01% | 11.96% | 4.00% | 7.05% | -2.78% | 8.01% |
| Mar | 6.44% | 1.16% | 13.72% | -3.02% | -9.65% | 3.21% | 1.98% |
| Apr | 9.57% | -14.75% | -4.92% | -6.84% | 7.33% | 3.89% | -0.95% |
| May | 7.56% | 0.73% | 8.79% | -6.63% | -2.33% | 59.89% | 11.34% |
| Jun | 10.79% | -2.13% | 10.13% | 2.50% | 3.17% | 4.40% | 4.81% |
| Jul | 12.34% | 3.97% | 4.10% | -3.02% | -2.47% | 1.96% | 2.81% |
| Aug | 10.72% | -18.93% | -22.84% | 34.11% | -19.09% | 4.73% | -1.88% |
| Sep | -5.33% | 1.19% | -3.60% | 0.54% | 9.30% | 10.45% | 2.09% |
| Oct | 12.87% | 12.17% | -2.49% | 2.84% | 1.47% | -2.61%* | 4.04% |
| Nov | 2.47% | -5.78% | -8.29% | 20.62% | -7.30% | -- | 0.34% |
| Dec | 17.74% | -11.72% | 11.51% | -0.88% | -2.95% | -- | 2.74% |
| Total | 152.17% | -31.17% | 20.80% | 61.36% | -12.31% | 108.55% | 49.90% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $181.33
SMA 50: $170.01
SMA 200: $125.28
Current: $174.05
EMA 12: $178.63
EMA 26: $177.37
MACD: 1.2596 | Signal: -2.6272
BULLISH
ADX (14): 29.67
TREND
+DI: 19.58
−DI: 27.13
Momentum Oscillators
RSI (14): 46.57
NEUTRAL
Stoch %K: 18.46
Stoch %D: 17.95
Williams %R: -74.67
Volume & Volatility
BB Upper: $196.73
BB Lower: $165.94
NEUTRAL
OBV: 251,106,929
Vol SMA 20: 3,504,048
Vol ROC: -20.17%
ATR: $6.79
True Range: $9.12
HV 20: 39.4%
HV 30: 43.1%
HV 60: 45.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
SYMBOL: FTNT
Executive Summary: This report provides a comprehensive analysis of Fortinet (FTNT) stock, with an overall assessment of BEARISH confidence level 6/10. Key drivers are the mixed signals from technical indicators and recent news headlines, which are not strongly supporting a bullish or bearish case. The primary risks are the moderate volatility and the potential for price corrections based on the current range-bound trend.
Technical Analysis:
- Trend Direction: Medium-term downtrend (1-3 months)
- Support/Resistance Levels: SMA 50 ($159.72) and upper Bollinger Band ($174.94) are key levels to monitor
- Momentum Signals:
- RSI interpretation: Neutral (60.73), indicating no clear buy or sell signal
- MACD signal: Bullish, but the MACD histogram is contracting, suggesting a potential pullback
- Bollinger Bands position: Neutral, with price hovering around the middle band
- Volume Analysis: Volume trends are bearish, with On-Balance Volume (OBV) and Volume Rate of Change both indicating a sell signal
News & Sentiment Analysis:
- Recent Headlines Summary: The news headlines suggest positive sentiment, with articles highlighting Fortinet's cybersecurity capabilities and market performance.
- Sentiment Assessment: Positive overall, but the neutral-to-positively skewed sentiment may not be strongly supporting a bullish case
- Catalyst Identification: No imminent catalysts are identified; however, the company's quarterly earnings release could impact price action
Risk & Volatility Assessment:
- Beta Interpretation: Moderate risk relative to market (beta 0.96)
- Volatility Regime: Current volatility is moderate, with a Historical Volatility of HV20 59.3%
- Options Market Signals: IV rank is low, indicating historically low volatility; put/call ratios suggest bearish sentiment
- Downside Protection: SMA 50 and upper Bollinger Band are key support levels to monitor
Market Context & Positioning:
- Sector Performance: Cybersecurity sector has been performing well, but Fortinet's stock is lagging the sector's gains
- Institutional Activity: Volume patterns suggest institutional interest, but it may not be driving significant price movements
- Correlation Analysis: The stock has a moderate correlation with the broader market (R-squared 0.29)
- Relative Valuation: Fortinet's stock is trading within its historical range, but at a premium P/S ratio
Key Levels & Action Items:
- Critical Price Levels: SMA 50 ($159.72) and upper Bollinger Band ($174.94) are key levels to monitor
- Breakout/Breakdown Levels: A breakout above the upper Bollinger Band or a breakdown below the SMA 50 could trigger significant price movements
- Time-Sensitive Catalysts: Quarterly earnings release may impact price action
- Risk Management: Stop-loss levels should be set around $159.72 (SMA 50), and position sizing considerations should be made based on current volatility
This report provides a comprehensive analysis of Fortinet's stock, highlighting the mixed signals from technical indicators and recent news headlines. The overall assessment is BEARISH with a confidence level of 6/10, due to the potential for price corrections based on the current range-bound trend.
Generated
News
All FTNT news →
Fortinet's services provide critical protection for physical AI infrastructure, and its stock trades at a more reasonable valuation than its peers.
There is one big difference between these two cybersecurity companies right now.
Cybersecurity stocks have been some of the best performers this year.
Earnings History
14 of 23 under expected move
Avg Expected Move
10.80%
Avg Actual Move
9.20%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-04 | After-Close | 9.40% | 0.96% | 0.10x | Within |
| 2021-04-29 | After-Close | 8.84% | 4.48% | 0.51x | Within |
| 2021-07-29 | After-Close | 7.94% | 0.72% | 0.09x | Within |
| 2021-11-04 | After-Close | 8.93% | 0.82% | 0.09x | Within |
| 2022-02-03 | After-Close | 13.42% | 5.84% | 0.44x | Within |
| 2022-05-04 | After-Close | 12.77% | 0.99% | 0.08x | Within |
| 2022-08-03 | After-Close | 9.38% | 16.33% | 1.74x | Exceeded |
| 2022-11-02 | After-Close | 11.25% | 13.71% | 1.22x | Exceeded |
| 2023-02-07 | After-Close | 9.20% | 10.90% | 1.18x | Exceeded |
| 2023-05-04 | After-Close | 9.38% | 5.57% | 0.59x | Within |
| 2023-08-03 | After-Close | 6.69% | 25.07% | 3.75x | Exceeded |
| 2023-11-02 | After-Close | 10.77% | 12.35% | 1.15x | Exceeded |
| 2024-02-06 | After-Close | 10.94% | 3.78% | 0.35x | Within |
| 2024-05-02 | After-Close | 11.98% | 9.69% | 0.81x | Within |
| 2024-08-06 | After-Close | 15.97% | 25.30% | 1.58x | Exceeded |
| 2024-11-07 | After-Close | 9.89% | 9.99% | 1.01x | Exceeded |
| 2025-02-06 | After-Close | 14.09% | 2.81% | 0.20x | Within |
| 2025-05-07 | After-Close | 9.44% | 8.41% | 0.89x | Within |
| 2025-08-06 | After-Close | 10.82% | 22.03% | 2.04x | Exceeded |
| 2025-11-05 | After-Close | 10.50% | 6.34% | 0.60x | Within |
| 2026-02-05 | After-Close | 10.52% | 4.85% | 0.46x | Within |
| 2026-05-06 | After-Close | 12.43% | 20.03% | 1.61x | Exceeded |
| 2026-07-29 | After-Close | 13.92% | 0.67% | 0.05x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
FTNT Options Activity & IV Rank
FTNT IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 62.3%
7-DTE IV: 89.2%
Expected Move: $24.62
7-DTE Move: $20.05
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 350
Put Volume: 664
P/C Volume: 1.897
BEARISH
Call OI: 5,948
Put OI: 7,845
P/C OI: 1.319
Total OI: 13,793
ATM Options Pricing
ATM Call: $12.15
ATM Put: $12.47
Call %: 7.0%
Put %: 7.2%
Chain Summary
Chain Volume: 8,553
Chain OI: 151,059
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 69th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
69%
vs own history
GEX tilt
+0.15
OI-weighted, today
Vanna tilt
+0.58
δ-sensitivity to IV
Charm tilt
-0.53
δ-decay vs time
Vanna tilt +0.58: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.53: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 162 ATM contracts, 43k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
42%
+3.1
pts
EXTREME
as of Oct 21 · ATM 75.2% / Wing 78.3%
30 DTE / 10d
20%
+1.7
pts
EXTREME
as of Oct 21 · ATM 61.7% / Wing 63.4%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)57.5MediumOct 21
IV Rank (30 DTE)59.6MediumOct 21
Straddle Price (30 DTE)$24.62Oct 21
Beta Analysis
Risk Metrics
Beta: 0.9781
Alpha: 66.73%
Correlation: 0.2872
R-Squared: 8.2%
Stock Volatility: 43.3%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
Notable investors who own FTNT
5 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Fundsmith Asset manager Terry Smith | $557.6M | #13 of 41 | -41.0% | 13F | |
| Citadel Hedge fund Ken Griffin | $365.5M | #77 of 6285 | +131.6% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $165.7M | #181 of 3716 | +3795.5% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $70.8M | #178 of 4729 | +1.1% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $4.7M | #1506 of 3138 | -50.0% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
FTNT Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 752,125,000 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
53 filers$1.37B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $298.11M | 21.69% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $269.31M | 19.59% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $162.82M | 11.85% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $111.73M | 8.13% | 2026-06-30 |
| 5 | Millennium Management LLC Custodian | $58.70M | 4.27% | 2026-06-30 |
| 6 | Optiver Holding B.V. | $46.72M | 3.40% | 2026-06-30 |
| 7 | Walleye Trading LLC | $41.02M | 2.98% | 2026-06-30 |
| 8 | Wolverine Trading, LLC Custodian | $34.14M | 2.48% | 2025-09-30 |
| 9 | PEAK6 LLC | $26.51M | 1.93% | 2026-06-30 |
| 10 | Royal Bank of Canada Custodian | $23.04M | 1.68% | 2026-06-30 |
| 11 | Cubist Systematic Strategies, LLC | $22.22M | 1.62% | 2025-09-30 |
| 12 | Point72 Asset Management, L.P. | $22.18M | 1.61% | 2026-06-30 |
| 13 | Simplex Trading, LLC Custodian | $21.20M | 1.54% | 2026-06-30 |
| 14 | Squarepoint Ops LLC | $21.03M | 1.53% | 2026-06-30 |
| 15 | Verition Fund Management LLC | $20.43M | 1.49% | 2026-06-30 |
| 16 | GROUP ONE TRADING LLC Custodian | $20.02M | 1.46% | 2026-06-30 |
| 17 | CAPITAL FUND MANAGEMENT S.A. | $19.22M | 1.40% | 2026-06-30 |
| 18 | TUDOR INVESTMENT CORP ET AL | $17.94M | 1.31% | 2026-06-30 |
| 19 | Walleye Capital LLC | $16.44M | 1.20% | 2026-06-30 |
| 20 | Jain Global LLC | $15.36M | 1.12% | 2026-06-30 |
| 21 | Two Sigma Investments, LP Custodian | $11.77M | 0.86% | 2026-06-30 |
| 22 | Brevan Howard Capital Management LP | $10.83M | 0.79% | 2026-06-30 |
| 23 | Qube Research & Technologies Ltd | $7.44M | 0.54% | 2026-06-30 |
| 24 | Allianz Asset Management GmbH | $6.81M | 0.50% | 2026-06-30 |
| 25 | CAPSTONE INVESTMENT ADVISORS, LLC | $6.45M | 0.47% | 2026-06-30 |
51 filers$1.57B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $381.39M | 24.26% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $223.49M | 14.22% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $152.31M | 9.69% | 2026-06-30 |
| 4 | Goldman Sachs Group Inc Custodian | $103.29M | 6.57% | 2026-06-30 |
| 5 | Tidal Investments LLC | $88.18M | 5.61% | 2026-06-30 |
| 6 | Millennium Management LLC Custodian | $86.07M | 5.48% | 2026-06-30 |
| 7 | IMC-Chicago, LLC Custodian | $74.89M | 4.76% | 2026-06-30 |
| 8 | Walleye Trading LLC | $48.62M | 3.09% | 2026-06-30 |
| 9 | Optiver Holding B.V. | $37.27M | 2.37% | 2026-06-30 |
| 10 | Squarepoint Ops LLC | $32.84M | 2.09% | 2026-06-30 |
| 11 | Simplex Trading, LLC Custodian | $30.56M | 1.94% | 2026-06-30 |
| 12 | Wolverine Trading, LLC Custodian | $24.06M | 1.53% | 2025-09-30 |
| 13 | TUDOR INVESTMENT CORP ET AL | $22.35M | 1.42% | 2026-06-30 |
| 14 | CREDIT AGRICOLE S A | $19.20M | 1.22% | 2026-06-30 |
| 15 | Point72 Asset Management, L.P. | $18.45M | 1.17% | 2026-06-30 |
| 16 | Verition Fund Management LLC | $17.71M | 1.13% | 2026-06-30 |
| 17 | Jain Global LLC | $16.90M | 1.07% | 2026-06-30 |
| 18 | Centiva Capital, LP | $15.36M | 0.98% | 2026-06-30 |
| 19 | Two Sigma Investments, LP Custodian | $14.42M | 0.92% | 2026-06-30 |
| 20 | Twin Tree Management, LP | $13.32M | 0.85% | 2026-06-30 |
| 21 | CAPITAL FUND MANAGEMENT S.A. | $13.21M | 0.84% | 2026-06-30 |
| 22 | Parallax Volatility Advisers, L.P. | $13.06M | 0.83% | 2026-06-30 |
| 23 | Cubist Systematic Strategies, LLC | $12.80M | 0.81% | 2025-09-30 |
| 24 | CAPSTONE INVESTMENT ADVISORS, LLC | $10.32M | 0.66% | 2026-06-30 |
| 25 | BNP Paribas Financial Markets Custodian | $9.86M | 0.63% | 2026-06-30 |
FTNT Insider Trading (Form 4)
Latest: 2026-10-01Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | Janet Napolitano | Director | Exer (M) | +459 | — | EDGAR | |
| 2026-10-01 | Derek T. Kan | Director | Exer (M) | +459 | — | EDGAR | |
| 2026-10-01 | James G. Stavridis | Director | Exer (M) | +459 | — | EDGAR | |
| 2026-10-01 | Jean X. Hu | Director | Exer (M) | +459 | — | EDGAR | |
| 2026-10-01 | Ming Hsieh | Director | Exer (M) | +459 | — | EDGAR | |
| 2026-10-01 | Judith Sim | Director | Exer (M) | +459 | — | EDGAR | |
| 2026-10-01 | Kenneth A Goldman | Director | Exer (M) | +459 | — | EDGAR | |
| 2026-09-25 | Christiane Ohlgart | Chief Financial Officer | Sell (S) | −48 | $180.00 | -$8.6K | EDGAR |
| 2026-09-16 | John Whittle | CHIEF OPERATING OFFICER | Mixed | — | $113.86 | -$5.87M | EDGAR |
| 2026-08-13 | James G. Stavridis | Director | Grant (A) | +1,836 RSU | — | EDGAR | |
| 2026-08-13 | Ming Hsieh | Director | Grant (A) | +1,836 RSU | — | EDGAR | |
| 2026-08-13 | Janet Napolitano | Director | Grant (A) | +1,836 RSU | — | EDGAR | |
| 2026-08-13 | Kenneth A Goldman | Director | Grant (A) | +1,836 RSU | — | EDGAR | |
| 2026-08-13 | Judith Sim | Director | Grant (A) | +1,836 RSU | — | EDGAR | |
| 2026-08-13 | Derek T. Kan | Director | Grant (A) | +1,836 RSU | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
FTNT Insider Holdings
14 insiders · @ $174.05
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Ken Xie | PRESIDENT & CEO | 57,821,146 | $10.06B | -$271.00M | 133 | 2026-08-04 |
| 2 | Michael Xie | VP, ENGINEERING & CTO | 15,432,665 | $2.69B | -$5.86B | 175 | 2026-08-04 |
| 3 | William H. Neukom | Director | 450,904 | $78.48M | $355.5K | 78 | 2025-06-13 |
| 4 | Judith Sim | Director | 130,001 | $22.63M | -$1.91M | 55 | 2026-10-01 |
| 5 | John Whittle | CHIEF OPERATING OFFICER | 96,987 | $16.88M | -$90.26M | 173 | 2026-09-16 |
| 6 | Ming Hsieh | Director | 63,138 | $10.99M | -$1.84M | 76 | 2026-10-01 |
| 7 | Jean X. Hu | Director | 39,508 | $6.88M | $0 | 33 | 2026-10-01 |
| 8 | Kenneth A Goldman | Director | 24,928 | $4.34M | -$20.73M | 72 | 2026-10-01 |
| 9 | James G. Stavridis | Director | 17,648 | $3.07M | $0 | 24 | 2026-10-01 |
| 10 | Keith Jensen | Chief Financial Officer | 11,025 | $1.92M | -$59.81M | 123 | 2025-05-05 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
FTNT Board & Officers
As of SEC filings through Oct 1, 2026Directors 10
- Ken Xie · since Nov 17, 2009
- Michael Xie · since Nov 17, 2009
- William H. Neukom · since Jan 17, 2013
- Ming Hsieh · since Apr 16, 2013
- Jean X. Hu · since Oct 18, 2019
- Kenneth A Goldman · listed since Oct 2020
- James G. Stavridis · since Oct 22, 2021
- Judith Sim · listed since Apr 2022
- Janet Napolitano · since Nov 7, 2024
- Derek T. Kan · since Jun 12, 2026
Officers 4
- Ken Xie · President & CEO · since Nov 17, 2009
- Christiane Ohlgart · Chief Financial Officer · listed since Apr 2026
- John Whittle · Chief Operating Officer · listed since Jan 2024
- Michael Xie · VP, Engineering & CTO · since Nov 17, 2009
Changes in the last 10 years (30)
| Jun 12, 2026 | Derek T. Kan became a director |
| Apr 20, 2026 | Christiane Ohlgart first listed as Chief Financial Officer in an SEC filing |
| Jun 6, 2025 | Christiane Ohlgart reported in an SEC filing no longer being Chief Accounting Officer |
| Feb 4, 2025 | The company announced the departure of Keith Jensen as Chief Financial Officer in an SEC filing |
| Nov 7, 2024 | Janet Napolitano became a director |
| Oct 2, 2024 | Mary Agnes Wilderotter reported in an SEC filing no longer being a director |
| May 2, 2024 | Keith Jensen listed as Chief Financial Officer (previously CFO & Chief Accounting Officer) in SEC filings |
| Apr 19, 2024 | Mary Agnes Wilderotter became a director |
| Mar 18, 2024 | Christiane Ohlgart became Chief Accounting Officer |
| Jan 26, 2024 | John Whittle listed as Chief Operating Officer (previously VP Corp Dev&Strat Alliance,GC) in SEC filings |
| Nov 28, 2023 | The company announced the departure of Patrice Perche as Chief Revenue Off./EVP Supp. in an SEC filing |
| Apr 28, 2022 | The company announced the departure of Kelly Ducourty from the board in an SEC filing |
| Apr 14, 2022 | Patrice Perche became Chief Revenue Off./EVP Supp. |
| Apr 1, 2022 | Judith Sim first listed as a director in an SEC filing |
| Oct 22, 2021 | James G. Stavridis became a director |
| Jun 21, 2021 | Judith Sim reported in an SEC filing no longer being a director |
| Jun 21, 2021 | Christopher B Paisley reported in an SEC filing no longer being a director |
| Oct 19, 2020 | Kenneth A Goldman no longer listed as VP & Chief Financial Officer in SEC filings |
| Oct 19, 2020 | Kenneth A Goldman first listed as a director in an SEC filing |
| Jun 19, 2020 | Gary Locke reported in an SEC filing no longer being a director |
| Apr 17, 2020 | Kelly Ducourty became a director |
| Feb 4, 2020 | John Whittle listed as VP Corp Dev&Strat Alliance,GC (previously EVP Corp Dev&Strat Alliance,GC) in SEC filings |
| Oct 18, 2019 | Jean X. Hu became a director |
| Aug 2, 2019 | John Whittle listed as EVP Corp Dev&Strat Alliance,GC (previously VP Corp Dev&Strat Alliance,GC) in SEC filings |
| Jun 24, 2019 | Peter Dale Cohen Jr. reported in an SEC filing no longer being a director |
| May 3, 2019 | John Whittle listed as VP Corp Dev&Strat Alliance,GC (previously VP CorpDev&Strat Alliance, GC) in SEC filings |
| May 11, 2018 | Keith Jensen listed as CFO & Chief Accounting Officer (previously Chief Accounting Officer) in SEC filings |
| Feb 7, 2018 | John Whittle listed as VP CorpDev&Strat Alliance, GC (previously VP Corp Dev&Strat Alliance,GC) in SEC filings |
| Jul 14, 2017 | Peter Dale Cohen Jr. became a director |
| Nov 3, 2016 | John Whittle listed as VP Corp Dev&Strat Alliance,GC (previously VP CorpDev&Strat Alliance, GC) in SEC filings |
Not reported recently (2)
- Chenming Hu · Last reported as a director in an SEC filing dated Oct 1, 2020
- Andrew H Del Matto · Last reported as Chief Financial Officer in an SEC filing dated Feb 5, 2018
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
FTNT Proposed Insider Sales (Form 144)
Latest: 2026-09-24
? Form 144 Guide
Last 30d:
1 filing
· $9K notice value
· Last 90d:
5 filings
· $35.6M notice value
· 4 unique filers
· 100% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
KEN QING XIE (1, $26.2M) · JOHN WHITTLE (1, $8.8M) · MICHAEL XIE (1, $505K) · Margrit Christiane Ohlgart (2, $72K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-24 | Margrit Christiane Ohlgart | Officer | 48 | $8.6K | 2026-09-24 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-09-14 | JOHN WHITTLE | Officer | 56,700 | $8.85M | 2026-09-14 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-08-04 | Margrit Christiane Ohlgart | Officer | 387 | $63.2K | 2026-08-04 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-08-03 | KEN QING XIE | Director, Officer | 161,482 | $26.15M | 2026-08-03 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-08-03 | MICHAEL XIE | Director, Officer | 3,121 | $505.4K | 2026-08-03 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-06-03 | MICHAEL XIE | Director, Officer | 3,907 | $581.6K | 2026-06-03 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-06-02 | KEN QING XIE | Director, Officer | 160,632 | $23.64M | 2026-06-02 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-05-21 | JOHN WHITTLE | Officer | 146,015 | $18.98M | 2026-05-21 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-05-20 | Margrit Christiane Ohlgart | Officer | 238 | $30.4K | 2026-05-20 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-05-14 | Margrit Christiane Ohlgart | Officer | 756 | $89.0K | 2026-05-14 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-05-08
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-06 | 0001262039-26-000010 | EDGAR |
| 2026-02-05 | 0001262039-26-000003 | EDGAR |
| 2025-11-05 | 0001262039-25-000036 | EDGAR |
| 2025-08-22 | 0001262039-25-000033 | EDGAR |
| 2025-08-06 | 0001262039-25-000025 | EDGAR |
| 2025-06-18 | 0001262039-25-000022 | EDGAR |
| 2025-05-07 | 0001262039-25-000014 | EDGAR |
| 2025-02-06 | 0001262039-25-000007 | EDGAR |
| 2024-11-12 | 0001262039-24-000045 | EDGAR |
| 2024-11-07 | 0001262039-24-000040 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-02-25 | 0001262039-26-000007 | EDGAR |
| 2025-02-21 | 0001262039-25-000011 | EDGAR |
| 2024-02-26 | 0001262039-24-000014 | EDGAR |
| 2023-02-24 | 0001262039-23-000010 | EDGAR |
| 2022-02-25 | 0001262039-22-000008 | EDGAR |
| 2021-02-19 | 0001262039-21-000008 | EDGAR |
| 2020-02-26 | 0001262039-20-000011 | EDGAR |
| 2019-02-27 | 0001262039-19-000006 | EDGAR |
| 2018-02-26 | 0001262039-18-000009 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-08 | 0001262039-26-000013 | EDGAR |
| 2025-11-07 | 0001262039-25-000039 | EDGAR |
| 2025-08-08 | 0001262039-25-000028 | EDGAR |
| 2025-05-08 | 0001262039-25-000017 | EDGAR |
| 2024-11-08 | 0001262039-24-000043 | EDGAR |
| 2024-08-08 | 0001262039-24-000037 | EDGAR |
| 2024-05-06 | 0001262039-24-000020 | EDGAR |
| 2023-11-07 | 0001262039-23-000038 | EDGAR |
| 2023-08-07 | 0001262039-23-000032 | EDGAR |
| 2023-05-08 | 0001262039-23-000021 | EDGAR |
ETF Holders
437 ETFs hold FTNT
25 shown · $21.72B total exposure · 0.32% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.15% | $3.5B | — | 2026-09-30 |
| 2 | VOO Vanguard S&P 500 ETF | Vanguard | 0.17% | $2.9B | — | 2026-09-30 |
| 3 | QQQ Invesco QQQ Trust, Series 1 | Invesco | 0.54% | $2.6B | — | 2026-10-20 |
| 4 | IVV iShares Core S&P 500 ETF | iShares (BlackRock) | 0.16% | $1.4B | $890.4B | 2026-10-20 |
| 5 | CIBR First Trust Nasdaq Cybersecurity ETF | First Trust | 7.96% | $1.4B | $17.3B | 2026-10-20 |
| 6 | SPY State Street® SPDR® S&P 500® ETF Trust | SPDR (State Street) | 0.16% | $1.3B | $818.4B | 2026-10-20 |
| 7 | VUG Vanguard Morningstar Growth ETF | Vanguard | 0.32% | $1.3B | — | 2026-09-30 |
| 8 | VO Vanguard Morningstar Mid-Cap ETF | Vanguard | 0.55% | $1.2B | — | 2026-09-30 |
| 9 | VGT Vanguard Information Technology ETF | Vanguard | 0.46% | $815.4M | — | 2026-09-30 |
| 10 | XLK State Street® Technology Select Sector SPDR® ETF | SPDR (State Street) | 0.63% | $769.5M | $122.3B | 2026-10-20 |
| 11 | QQQM Invesco NASDAQ 100 ETF | Invesco | 0.54% | $587.4M | — | 2026-10-20 |
| 12 | QUAL iShares MSCI USA Quality Factor ETF | iShares (BlackRock) | 1.19% | $579.2M | $48.7B | 2026-10-20 |
| 13 | IGV iShares Expanded Tech-Software Sector ETF | iShares (BlackRock) | 3.63% | $512.8M | $14.4B | 2026-10-20 |
| 14 | VOT Vanguard Morningstar Mid-Cap Growth ETF | Vanguard | 1.32% | $437.6M | — | 2026-09-30 |
| 15 | IWF iShares Russell 1000 Growth ETF | iShares (BlackRock) | 0.31% | $389.2M | $126.1B | 2026-10-20 |
| 16 | SPHQ Invesco S&P 500 Quality ETF | Invesco | 1.55% | $291.6M | — | 2026-10-20 |
| 17 | SPYM State Street® SPDR® Portfolio S&P 500® ETF | SPDR (State Street) | 0.16% | $290.6M | $183.5B | 2026-10-20 |
| 18 | RSP Invesco S&P 500 Equal Weight ETF | Invesco | 0.22% | $213.4M | — | 2026-10-20 |
| 19 | USMV iShares MSCI USA Min Vol Factor ETF | iShares (BlackRock) | 0.82% | $196.3M | $24.0B | 2026-10-20 |
| 20 | SCHG Schwab U.S. Large-Cap Growth ETF | Nport | 0.30% | $185.6M | — | 2026-05-31 |
| 21 | MTUM iShares MSCI USA Momentum Factor ETF | iShares (BlackRock) | 0.98% | $183.5M | $18.9B | 2026-10-20 |
| 22 | VONG Vanguard Russell 1000 Growth ETF | Vanguard | 0.32% | $177.0M | — | 2026-09-30 |
| 23 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.19% | $170.2M | — | 2026-10-20 |
| 24 | HACK Amplify Cybersecurity ETF | Amplify | 5.03% | $168.4M | $3.3B | 2026-10-20 |
| 25 | JEPI JPMorgan Equity Premium Income ETF | JPMorgan | 0.34% | $155.1M | $46.0B | 2026-10-21 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$2.83
TTM Revenue
$7.53B
TTM Net Income
$2.12B
TTM Op. Cash Flow
$3.40B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $2.05B | $606.30M | $0.82 | $1.04B |
| Q1 '26 | 2026-03-31 | $1.85B | $534.50M | $0.72 | $1.08B |
| Q4 '25 | 2025-12-31 | $1.91B | $506.00M | $0.67 | $620.20M |
| Q3 '25 | 2025-09-30 | $1.72B | $473.90M | $0.62 | $655.20M |
| Q2 '25 | 2025-06-30 | $1.63B | $440.10M | $0.57 | $451.90M |
| Q1 '25 | 2025-03-31 | $1.54B | $433.40M | $0.56 | $863.30M |
| Q4 '24 | 2024-12-31 | $1.66B | $526.20M | $0.68 | $477.60M |
| Q3 '24 | 2024-09-30 | $1.51B | $539.90M | $0.70 | $608.10M |
| Q2 '24 | 2024-06-30 | $1.43B | $379.80M | $0.49 | $342.00M |
| Q1 '24 | 2024-03-31 | $1.35B | $299.30M | $0.39 | $830.40M |
| Q4 '23 | 2023-12-31 | $1.42B | $310.90M | $0.41 | $191.70M |
| Q3 '23 | 2023-09-30 | $1.33B | $322.90M | $0.41 | $551.20M |
Q2 2026 • period ending 2026-06-30 • filed 2026-07-30
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
61.50
P/B
84.40
P/S
17.39
EV/EBITDA
43.93
EV/Sales
17.07
ROE
136.7%
ROA
19.5%
Div Yield
0.00%
FCF Yield
2.59%
Debt/Equity
0.32
Current Ratio
—
Market Cap
$130.91B
as of 2026-10-21
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
12.50M
SI % of Float
2.07%
Days to Cover
2.92
Short Vol Ratio
59.7%
Free Float
604.07M
Float %
82.3%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-08-07