Fortinet, Inc. (FTNT)

Corporate structure

59 entities across 39 jurisdictions, 4 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-02-25 — see the exhibit.

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Six-year record

Ownership flow

15 institutions tracked — 9 added, 5 reduced, 1 opened a new position.

NORGES BANK holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Other computer peripheral equipment, nec companies

Fortinet, Inc. files under SIC 3577 — all 8 computer peripheral equipment, nec companies compared on assets and F-score.

Dealer positioning — end of day

Where dealer gamma sat in FTNT’s option chain after the close on 2026-09-01, aggregated from the full chain. This is a once-a-day snapshot, not a live read — 766 contracts.

Net gamma (per 1% move)

$1.1M

Gamma flip

195

Call wall

170

Put wall

155

Spot at capture

170.93

Computed from the listed option chain by my own aggregation, once, after the close — it describes where positioning sat that evening and does not update through the next session. The version that rebuilds per strike while the market is open is the intraday gamma product. Not investment advice.

Questions about Fortinet, Inc.

How many subsidiaries does Fortinet, Inc. file with the SEC?

59, listed in its most recent exhibit 21. They are incorporated across 39 jurisdictions, led by Australia, Austria, Belgium. 4 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Fortinet, Inc. financially healthy?

Fortinet, Inc. scores 6 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Fortinet, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), GEODE CAPITAL MANAGEMENT, LLC (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.