Country Trust Bank raised its Fortinet stake by 11.2%, totaling 312,573 shares worth $24.82 million. Despite this, insider selling reduced ownership to 17.20%. Fortinet exceeded Q4 earnings expectations, with $0.81 EPS and $1.91 billion revenue, while analysts maintain a "Hold" rating.

NodeGuardian

2026-04-18 00:08:07

Abstract generation in progress

Country Trust Bank increased its stake in Fortinet, Inc. (NASDAQ:FTNT) by 11.2% in the fourth quarter, bringing its total holdings to 312,573 shares valued at approximately $24.82 million. Despite this institutional buying, CEO Ken Xie and VP Michael Xie sold significant amounts of shares in early February, reducing insider ownership to about 17.20%. Fortinet outperformed Q4 earnings estimates with $0.81 EPS and $1.91 billion revenue, and analysts currently hold a “Hold” rating with an average target price of $87.84.

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Fortinet, Inc. $FTNT Shares Purchased by Country Trust Bank

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