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Azzad Asset Management Inc. ADV Buys 16,230 Shares of Fortinet, Inc. $FTNT
Azzad Asset Management Inc. ADV significantly increased its stake in Fortinet, Inc. (NASDAQ:FTNT) by 418.7% in the fourth quarter, purchasing an additional 16,230 shares to bring its total to 20,106 shares valued at $1,597,000. Other major institutional investors like Vanguard Group Inc., Van ECK Associates Corp, and First Trust Advisors LP also raised their holdings in the cybersecurity company. Fortinet’s stock currently has a “Hold” consensus rating from analysts, with a consensus price target of $87.84.