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Fortinet, Inc. $FTNT Stock Holdings Lessened by Beacon Investment Advisory Services Inc.
Beacon Investment Advisory Services Inc. decreased its stake in Fortinet, Inc. (NASDAQ:FTNT) by 5.4% in the fourth quarter, selling 14,485 shares to hold 255,711 shares valued at over $20 million. This reduction comes despite Fortinet beating earnings expectations, yet analysts maintain a consensus “Hold” rating for the cybersecurity company. Corporate insiders, including VP Michael Xie and CEO Ken Xie, also executed significant share sales in February.