Michael  Xie net worth and biography

Michael Xie Biography and Net Worth

VP of Fortinet
Michael Xie has served as our President and Chief Technology Officer since November 2013 and as a member of our Board of Directors since February 2001. He previously served as our Vice President of Engineering and Chief Technology Officer after co-founding Fortinet in October 2000. Prior to co-founding Fortinet, he held positions as Vice President of Engineering for ServGate Technologies, Inc., a network security provider that was acquired by Amarium Technologies, Inc. in April 2006, Software Director and Architect for NetScreen and Senior Software Engineer for Milkyway Networks Corporation, a network security solutions provider. Mr. Michael Xie has an M.S. in electrical engineering from the University of Manitoba in Canada, as well as a B.S. and an M.S. in automobile engineering from Tsinghua University in China.

Mr. Michael Xie has more than 20 years of technical and operational experience in the network security industry, which includes positions as the President and Chief Technology Officer of Fortinet, the Vice President of Engineering of ServGate and the Software Director and Architect of NetScreen. The Board of Directors believes that Mr. Michael Xie’s deep technical knowledge is invaluable in developing and improving Fortinet’s technology and network security products. The Board of Directors also believes Mr. Michael Xie provides valuable perspective and experience as a co-founder of Fortinet and one of its largest stockholders.

What is Michael Xie's net worth?

The estimated net worth of Michael Xie is at least $1.89 billion as of February 2nd, 2024. Mr. Xie owns 29,887,018 shares of Fortinet stock worth more than $1,894,836,941 as of April 21st. This net worth estimate does not reflect any other investments that Mr. Xie may own. Additionally, Mr. Xie receives a salary of $786,060.00 as VP at Fortinet. Learn More about Michael Xie's net worth.

How old is Michael Xie?

Mr. Xie is currently 55 years old. There are 1 older executives and no younger executives at Fortinet. The oldest executive at Fortinet is Mr. Patrice Perche, Executive VP of Support & Chief Revenue Officer, who is 62 years old. Learn More on Michael Xie's age.

What is Michael Xie's salary?

As the VP of Fortinet, Inc., Mr. Xie earns $786,060.00 per year. There are 3 executives that earn more than Mr. Xie. The highest earning executive at Fortinet is Mr. Ken Xie, Founder, Chairman & CEO, who commands a salary of $1,770,000.00 per year. Learn More on Michael Xie's salary.

How do I contact Michael 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 Michael Xie's contact information.

Has Michael Xie been buying or selling shares of Fortinet?

Michael Xie has not been actively trading shares of Fortinet within the last three months. Most recently, Michael Xie sold 38,369 shares of the business's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $66.45, for a transaction totalling $2,549,620.05. Following the completion of the sale, the vice president now directly owns 29,887,018 shares of the company's stock, valued at $1,985,992,346.10. Learn More on Michael 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.

Michael Xie Insider Trading History at Fortinet

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
2/2/2024Sell38,369$66.45$2,549,620.0529,887,018View SEC Filing Icon  
12/8/2023Sell25,885$51.29$1,327,641.6529,907,018View SEC Filing Icon  
8/2/2023Sell5,885$75.05$441,669.2529,727,018View SEC Filing Icon  
5/2/2023Sell5,826$61.59$358,823.3429,727,018View SEC Filing Icon  
2/2/2023Sell240,046$53.72$12,895,271.1229,727,018View SEC Filing Icon  
8/2/2022Sell8,267$60.64$501,310.8829,772,120View SEC Filing Icon  
5/9/2022Sell1,653$248.85$411,349.055,954,424View SEC Filing Icon  
11/2/2021Sell2,088$327.80$684,446.40View SEC Filing Icon  
8/24/2021Sell40,000$301.27$12,050,800.005,978,451View SEC Filing Icon  
8/2/2021Sell2,088$281.20$587,145.601,095View SEC Filing Icon  
5/24/2021Sell40,000$213.71$8,548,400.006,027,437View SEC Filing Icon  
2/24/2021Sell40,000$168.74$6,749,600.006,061,966View SEC Filing Icon  
2/9/2021Sell5,820$159.51$928,348.206,075,145View SEC Filing Icon  
11/24/2020Sell10,000$117.94$1,179,400.006,130,725View SEC Filing Icon  
11/2/2020Sell2,835$110.47$313,182.456,106,525View SEC Filing Icon  
8/24/2020Sell30,000$131.57$3,947,100.006,130,393View SEC Filing Icon  
8/3/2020Sell2,835$138.72$393,271.20
5/26/2020Sell30,000$140.17$4,205,100.006,158,691View SEC Filing Icon  
5/4/2020Sell2,835$105.63$299,461.056,168,500View SEC Filing Icon  
2/25/2020Sell26,828$106.05$2,845,109.406,186,340View SEC Filing Icon  
12/2/2019Sell100,000$103.66$10,366,000.006,306,828View SEC Filing Icon  
9/3/2019Sell40,000$78.13$3,125,200.006,338,989View SEC Filing Icon  
6/3/2019Sell40,000$70.43$2,817,200.006,388,548View SEC Filing Icon  
3/4/2019Sell60,000$84.06$5,043,600.006,444,644View SEC Filing Icon  
2/11/2019Sell9,124$81.54$743,970.966,460,100View SEC Filing Icon  
11/2/2018Sell73,780$81.71$6,028,563.809,309View SEC Filing Icon  
8/3/2018Sell165,780$73.43$12,173,225.406,694,500View SEC Filing Icon  
5/2/2018Sell3,780$56.02$211,755.606,694,500View SEC Filing Icon  
2/2/2018Sell19,790$45.30$896,487.007,181View SEC Filing Icon  
12/1/2017Sell40,000$41.95$1,678,000.006,692,200View SEC Filing Icon  
11/2/2017Sell3,585$38.60$138,381.006,714,500View SEC Filing Icon  
2/2/2017Sell69,095$33.15$2,290,499.256,484,500View SEC Filing Icon  
11/2/2016Sell3,585$31.77$113,895.456,484,500View SEC Filing Icon  
2/2/2016Sell7,670$27.45$210,541.506,482,000View SEC Filing Icon  
11/2/2015Sell2,887$34.78$100,409.866,284,400View SEC Filing Icon  
6/3/2015Sell55,000$40.05$2,202,750.00View SEC Filing Icon  
5/6/2015Sell72,233$37.69$2,722,461.77View SEC Filing Icon  
4/1/2015Sell30,000$33.99$1,019,700.00View SEC Filing Icon  
3/4/2015Sell30,000$33.72$1,011,600.00View SEC Filing Icon  
2/4/2015Sell30,000$30.92$927,600.00View SEC Filing Icon  
12/3/2014Sell50,000$27.42$1,371,000.00View SEC Filing Icon  
12/2/2014Sell25,000$27.42$685,500.00View SEC Filing Icon  
11/5/2014Sell25,000$26.48$662,000.00View SEC Filing Icon  
10/8/2014Sell31,600$24.84$784,944.00View SEC Filing Icon  
10/7/2014Sell9,100$25.02$227,682.00View SEC Filing Icon  
9/10/2014Sell70,000$26.23$1,836,100.00View SEC Filing Icon  
8/12/2014Sell20,000$24.99$499,800.00View SEC Filing Icon  
8/4/2014Sell2,210$24.05$53,150.50View SEC Filing Icon  
7/29/2014Sell20,000$25.24$504,800.00View SEC Filing Icon  
5/2/2014Sell2,209$21.98$48,553.826,628,000View SEC Filing Icon  
2/4/2014Sell6,762$20.58$139,161.966,628,000View SEC Filing Icon  
10/28/2013Sell2,600$20.05$52,130.00View SEC Filing Icon  
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Michael Xie Buying and Selling Activity at Fortinet

This chart shows Michael 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