If you want to know who really controls Fortinet, Inc. (NASDAQ:FTNT), then you'll have to look at the makeup of its share registry. With 69% stake, institutions possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).
After a year of 16% losses, last week's 4.8% gain would be welcomed by institutional investors as a likely sign that returns might start trending higher.
In the chart below, we zoom in on the different ownership groups of Fortinet.
See our latest analysis for Fortinet
![ownership-breakdown](https://newsfile.futunn.com/pic/0-20266771-0-7b2b6b0807919cd51ba628f777182e99.png/big)
NasdaqGS:FTNT Ownership Breakdown October 10th 2022
What Does The Institutional Ownership Tell Us About Fortinet?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
Fortinet already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Fortinet's historic earnings and revenue below, but keep in mind there's always more to the story.
![earnings-and-revenue-growth](https://newsfile.futunn.com/pic/0-20266771-1-8d60cc963ab93357d920975a306fe0f1.png/big)
NasdaqGS:FTNT Earnings and Revenue Growth October 10th 2022
Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. We note that hedge funds don't have a meaningful investment in Fortinet. The Vanguard Group, Inc. is currently the largest shareholder, with 8.5% of shares outstanding. Ken Xie is the second largest shareholder owning 8.0% of common stock, and Michael Xie holds about 7.2% of the company stock. Two of the top three shareholders happen to be Chief Executive Officer and Member of the Board of Directors, respectively. That is, insiders feature higher up in the heirarchy of the company's top shareholders.
After doing some more digging, we found that the top 12 have the combined ownership of 51% in the company, suggesting that no single shareholder has significant control over the company.
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
Insider Ownership Of Fortinet
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
Our most recent data indicates that insiders own a reasonable proportion of Fortinet, Inc.. Insiders own US$6.2b worth of shares in the US$41b company. That's quite meaningful. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. You can click here to see if those insiders have been buying or selling.
General Public Ownership
The general public-- including retail investors -- own 15% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand Fortinet better, we need to consider many other factors. Be aware that Fortinet is showing 2 warning signs in our investment analysis , and 1 of those is significant...
If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
如果你想知道誰真正控制了Fortinet,Inc.(納斯達克:FTNT),那麼你就得看看它的股票登記簿的構成。持有69%股份的機構擁有該公司的最高股份。換句話説,該集團面臨着最大的上行潛力(或下行風險)。
在經歷了16%的虧損後,上週4.8%的漲幅將受到機構投資者的歡迎,因為這可能是回報率可能開始走高的跡象。
在下面的圖表中,我們放大了Fortinet的不同所有權組。
查看我們對Fortinet的最新分析
![ownership-breakdown](https://newsfile.futunn.com/pic/0-20266771-0-7b2b6b0807919cd51ba628f777182e99.png/big)
NasdaqGS:FTNT所有權明細2022年10月10日
關於Fortinet,機構所有權告訴了我們什麼?
許多機構以一個接近當地市場的指數來衡量它們的表現。因此,他們通常更關注那些被納入主要指數的公司。
Fortinet已經在股票登記處有機構。事實上,他們在該公司擁有可觀的股份。這可以表明該公司在投資界具有一定的公信力。然而,最好警惕依賴機構投資者帶來的所謂驗證。他們也一樣,有時也會犯錯。當多家機構持有一隻股票時,它們總是面臨“擁擠交易”的風險。當這樣的交易出錯時,多方可能會競相快速拋售股票。在一家沒有增長曆史的公司,這一風險更高。你可以在下面看到Fortinet的歷史收益和收入,但請記住,故事中總是有更多的東西。
![earnings-and-revenue-growth](https://newsfile.futunn.com/pic/0-20266771-1-8d60cc963ab93357d920975a306fe0f1.png/big)
NasdaqGS:FTNT收益和收入增長2022年10月10日
投資者應該注意到,機構實際上擁有公司一半以上的股份,因此它們可以共同行使重大權力。我們注意到,對衝基金沒有對Fortinet進行有意義的投資。先鋒集團(The Vanguard Group,Inc.)目前是最大股東,持有8.5%的流通股。謝肯是第二大股東,持有8.0%的普通股,謝霆鋒持有公司約7.2%的股份。前三名股東中有兩名恰好是首席執行官和董事會成員。也就是説,內部人在公司大股東的繼承權中佔有更高的地位。
在進一步挖掘後,我們發現前12名股東合計持有公司51%的股份,這表明沒有單一股東對公司擁有重大控制權。
研究機構持股是衡量和篩選股票預期表現的好方法。通過研究分析師的情緒,也可以達到同樣的效果。有相當數量的分析師追蹤該股,因此瞭解他們對未來的總體看法可能是有用的。
Fortinet的內部人所有權
不同國家對內部人的定義可能略有不同,但董事會成員總是算數的。管理層最終要向董事會負責。然而,經理人擔任執行董事會成員並不少見,尤其是如果他們是創始人或首席執行官的話。
內部人持股是積極的,當它標誌着領導層像公司的真正所有者一樣思考時。然而,高內部人持股也可以給公司內部的一個小團體帶來巨大的權力。在某些情況下,這可能是負面的。
我們最新的數據顯示,內部人士持有Fortinet,Inc.相當比例的股份。內部人士持有這家市值410億美元的公司價值62億美元的股票。這是很有意義的。大多數人會説,這表明與股東的關係很好,特別是在這樣一家規模如此大的公司。你可以點擊這裏,看看這些內部人士是一直在買入還是賣出。
一般公有制
包括散户投資者在內的普通公眾持有該公司15%的股份,因此不能輕易忽視。雖然這羣人不一定能發號施令,但它肯定能對公司的運營方式產生真正的影響。
接下來的步驟:
擁有一家公司股票的不同集團總是值得考慮的。但為了更好地理解Fortinet,我們需要考慮許多其他因素。請注意,Fortinet正在顯示我們的投資分析中的2個警告信號,其中一條意義重大……
如果你像我一樣,你可能會想一想這家公司是會增長還是會萎縮。幸運的是,您可以查看這份顯示分析師對其未來預測的免費報告。
注:本文中的數字是使用過去12個月的數據計算的,指的是截至財務報表日期的最後一個月的12個月期間。這可能與全年的年度報告數字不一致。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。