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Rhumbline Advisers Purchases 28,165 Shares of Fortinet, Inc. $FTNT
Rhumbline Advisers increased its stake in Fortinet, Inc. by 2.4%, acquiring an additional 28,165 shares, bringing their total to 1,223,244 shares valued at $102.85 million. This comes as Fortinet reported strong quarterly earnings, beating analyst estimates, and provided positive FY2026 EPS guidance. However, two key insiders, VP Michael Xie and CEO Ken Xie, recently sold significant portions of their holdings.