Ken  Xie net worth and biography

Ken Xie Biography and Net Worth

CEO of Fortinet
A cybersecurity expert and successful entrepreneur, Ken Xie is Founder, Chairman and CEO of Fortinet, the global cybersecurity leader. Fortinet’s broad portfolio of solutions spans network, infrastructure, edge, cloud and IoT, serving approximately 70 per cent of the Fortune 100 as well as Governments around the world. Its security driven networking approach combines security and networking to deliver the most advanced, AI driven protection across the entire attack surface. Fortinet is the third cybersecurity company founded by Ken that has been instrumental in shaping the cybersecurity industry. His second company, Netscreen developed the industry's first ASIC and dedicated hardware systems for high-performance firewalls and VPNs and was acquired by Juniper for $4 billion. Ken earned an M.S. degree in electrical engineering from Stanford University and B.S. and M.S. degrees in electronic engineering from Tsinghua University. He is a member of the National Academy of Engineering. Ken is a member of the board for the Cyber Threat Alliance and the Center for Cybersecurity for the World Economic Forum.

What is Ken Xie's net worth?

The estimated net worth of Ken Xie is at least $3.09 billion as of April 16th, 2024. Mr. Xie owns 48,660,648 shares of Fortinet stock worth more than $3,085,085,083 as of April 21st. This net worth approximation does not reflect any other investments that Mr. Xie may own. Additionally, Mr. Xie receives an annual salary of $1,770,000.00 as CEO at Fortinet. Learn More about Ken Xie's net worth.

How old is Ken Xie?

Mr. Xie is currently 61 years old. There are 2 older executives and no younger executives at Fortinet. Learn More on Ken Xie's age.

What is Ken Xie's salary?

As the CEO of Fortinet, Inc., Mr. Xie earns $1,770,000.00 per year. Learn More on Ken Xie's salary.

How do I contact Ken Xie?

The corporate mailing address for Mr. Xie and other Fortinet executives is 899 KIFER ROAD, SUNNYVALE CA, 94086. Fortinet can also be reached via phone at (408) 235-7700 and via email at [email protected]. Learn More on Ken Xie's contact information.

Has Ken Xie been buying or selling shares of Fortinet?

During the past quarter, Ken Xie has sold $1,553,482.00 in shares of Fortinet stock. Most recently, Ken Xie sold 23,992 shares of the business's stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $64.75, for a transaction totalling $1,553,482.00. Following the completion of the sale, the chief executive officer now directly owns 48,660,648 shares of the company's stock, valued at $3,150,776,958. Learn More on Ken Xie's trading history.

Who are Fortinet's active insiders?

Fortinet's insider roster includes Kelly Ducourty (Director), Keith Jensen (CFO), William Neukom (Director), Christopher Paisley (Director), Patrice Perche (EVP), John Whittle (VP), Ken Xie (CEO), and Michael Xie (VP). Learn More on Fortinet's active insiders.

Are insiders buying or selling shares of Fortinet?

During the last twelve months, Fortinet insiders bought shares 2 times. They purchased a total of 1,216 shares worth more than $69,870.24. During the last twelve months, insiders at the software maker sold shares 25 times. They sold a total of 392,901 shares worth more than $24,847,286.73. The most recent insider tranaction occured on April, 16th when CEO Ken Xie sold 23,992 shares worth more than $1,553,482.00. Insiders at Fortinet own 17.5% of the company. Learn More about insider trades at Fortinet.

Information on this page was last updated on 4/16/2024.

Ken Xie Insider Trading History at Fortinet

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
4/16/2024Sell23,992$64.75$1,553,482.0048,660,648View SEC Filing Icon  
3/12/2024Sell23,694$71.40$1,691,751.6048,625,005View SEC Filing Icon  
2/13/2024Sell46,084$69.07$3,183,021.8851,813,638View SEC Filing Icon  
1/9/2024Sell46,733$60.12$2,809,587.9651,701,091View SEC Filing Icon  
8/21/2019Sell8,000$81.33$650,640.0012,523,273View SEC Filing Icon  
5/21/2019Sell8,000$82.58$660,640.0012,521,600View SEC Filing Icon  
2/19/2019Sell8,000$83.70$669,600.0012,525,740View SEC Filing Icon  
2/11/2019Sell80,000$81.64$6,531,200.0012,613,240View SEC Filing Icon  
5/24/2018Sell50,000$60.51$3,025,500.0012,562,906View SEC Filing Icon  
2/8/2018Sell89,423$45.08$4,031,188.8412,608,811View SEC Filing Icon  
2/8/2017Sell25,000$37.59$939,750.0012,485,375View SEC Filing Icon  
2/7/2017Sell25,000$37.82$945,500.0012,485,375View SEC Filing Icon  
12/7/2016Sell50,000$30.38$1,519,000.0012,835,800View SEC Filing Icon  
12/5/2016Sell20,000$30.25$605,000.0012,835,800View SEC Filing Icon  
6/2/2015Sell90,000$39.81$3,582,900.00View SEC Filing Icon  
2/3/2015Sell30,000$30.33$909,900.00View SEC Filing Icon  
12/3/2014Sell28,977$27.50$796,867.50View SEC Filing Icon  
12/2/2014Sell24,834$27.50$682,935.00View SEC Filing Icon  
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Ken Xie Buying and Selling Activity at Fortinet

This chart shows Ken Xie's buying and selling at Fortinet by year and by quarter.

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Fortinet Company Overview

Fortinet logo
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products. The company also provides the Fortinet Unified SASE solutions that include firewall, SD-WAN, Secure web gateway, cloud access services broker, data loss prevention, zero trust network access, and cloud security, including web application firewalls, virtualized firewalls, and cloud-native firewalls. In addition, it offers security operations solutions comprising FortiAI generative AI assistant, FortiSIEM security information and event management, FortiSOAR security orchestration, automation and response, FortiEDR endpoint detection and response, FortiXDR extended detection and response, FortiMDR managed detection and response service, FortiNDR network detection and response, FortiRecon digital risk protection, FortiDeceptor deception technology, FortiGuard SoCaaS, FortiSandbox sandboxing, FortiGuard incident response, and other products. Further, the company offers FortiGuard security services consisting of FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training services to customers and channel partners, as well as operates a FortiGuard Lab, a cybersecurity threat intelligence and research organization. It serves enterprise, communication and security service providers, government organizations, and small and medium-sized businesses. The company was incorporated in 2000 and is headquartered in Sunnyvale, California.
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Today's Range

Now: $63.40
Low: $62.92
High: $64.41

50 Day Range

MA: $68.50
Low: $63.40
High: $73.07

2 Week Range

Now: $63.40
Low: $44.12
High: $81.24

Volume

4,836,140 shs

Average Volume

4,040,136 shs

Market Capitalization

$48.38 billion

P/E Ratio

43.72

Dividend Yield

N/A

Beta

1.08