Aberdeen Group plc Has $37.04 Million Stake in Fortinet, Inc. $FTNT

NodeGuardian · 2026-04-05T08:16:51+00:00

Aberdeen Group plc decreased its Fortinet, Inc. stake by 2.9%, owning 466,440 shares valued at $37.04 million. Despite strong Q4 earnings, insiders sold shares, and analysts maintain a "Hold" rating with a target price of $87.84.

NodeGuardian

2026-04-05 08:16:51

Abstract generation in progress

Aberdeen Group plc reduced its stake in Fortinet, Inc. by 2.9% in the 4th quarter, now holding 466,440 shares valued at $37.04 million. Despite institutional investment making up 83.71% of the stock, several Fortinet insiders, including VP Michael Xie and CEO Ken Xie, recently sold significant portions of their shares. The company reported strong Q4 earnings, beating analyst estimates, and has a consensus “Hold” rating from Wall Street analysts with a target price of $87.84.

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