Supply breakdown
Shares as of Oct 27, 2026| Category | Shares | % | Value | Status |
|---|---|---|---|---|
| Circulating | 734.71M | 100.0% | $112.87B | Estimated |
| Free float | - | - | - | Unavailable |
| Insider-held, unrestricted | - | - | - | Unavailable |
| Locked team funds | 0 | 0.0% | $0 | Unavailable |
| Other restricted | 0 | 0.0% | $0 | Unavailable |
| Total outstanding | 734.71M | 100.0% | $112.87B | Verified |
| Ownership views (overlap the categories above, never added) | ||||
| Institutional holdings (13F) | 503.55M | 68.5% | $77.36B | Estimated |
| Insider-held, all (Forms 3, 4, 5) | - | - | - | Unavailable |
Institutional and insider holdings can include both tradable and locked shares, so they are shown for reference and never added to the total. Check: circulating + locked team + other restricted = total outstanding reconciles.
Valuation
- Traditional$112.87B
- Fully diluted$114.16B
- Circulating$112.87B
- Free float-
- Locked team value$0
- Other restricted value$0
Locked and restricted shares
Not reviewed yet.
Institutional holders
| Holder | Shares | % of total |
|---|---|---|
| BlackRock, Inc. | 62.24M | 8.47% |
| VANGUARD CAPITAL MANAGEMENT LLC | 40.66M | 5.53% |
| STATE STREET CORP | 29.63M | 4.03% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 24.84M | 3.38% |
| Invesco Ltd. | 24.62M | 3.35% |
| GEODE CAPITAL MANAGEMENT, LLC | 17.44M | 2.37% |
| NORGES BANK | 12.45M | 1.69% |
| FIRST TRUST ADVISORS LP | 10.82M | 1.47% |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 10.13M | 1.38% |
| Bank of New York Mellon Corp | 9.33M | 1.27% |
Insiders
Forms 3, 4 and 5Form 4 aggregation pending
Share classes
| Class | Listing | Shares outstanding | As of |
|---|---|---|---|
| Common stock | FTNT on Nasdaq | 734,709,741 | Oct 27, 2026 |
Notes and sources
- Fortinet, Inc. 10-Q for period ended 2026-09-30, Cover page (0001262039-26-000027)
- SEC public float (non-affiliates): $56.85B as of Jun 30, 2025, from the 10-K cover. It is a dollar value at a past date, not circulating supply.