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Impax Asset Management Group plc Takes $1.06 Million Position in Fortinet, Inc. $FTNT
Impax Asset Management Group plc has acquired a new stake of 13,327 shares in Fortinet, Inc. worth approximately $1.06 million during the fourth quarter. This move comes amidst significant insider sales by Fortinet’s CEO and VP in early February, totaling over $42 million. Despite these insider transactions, institutional investors collectively own a substantial 83.71% of Fortinet’s stock, and analysts maintain a consensus “Hold” rating with an average target price of $87.04.