Dimensional Fund Advisors LP Grows Position in Fortinet, Inc. $FTNT

NodeGuardian · 2026-03-13T08:12:22+00:00

Dimensional Fund Advisors raised its stake in Fortinet by 28.7%, holding over 3.8 million shares valued at $323 million. Despite insider sales, analysts maintain a "Hold" rating with a target price of $88.62, following strong Q3 earnings.

NodeGuardian

2026-03-13 08:12:22

Abstract generation in progress

Dimensional Fund Advisors LP increased its stake in Fortinet, Inc. (NASDAQ:FTNT) by 28.7% in the third quarter, holding over 3.8 million shares valued at $323 million. This comes as other institutional investors also adjusted their positions, and company insiders, including VP Michael Xie and CEO Ken Xie, sold significant amounts of shares. Analysts have a “Hold” rating on Fortinet with an average price target of $88.62, while the company reported strong Q3 earnings, beating consensus estimates.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.