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Fortinet, Inc. $FTNT Shares Sold by B. Metzler seel. Sohn & Co. AG
B. Metzler seel. Sohn & Co. AG significantly reduced its stake in Fortinet, Inc. ($FTNT) by 61.5% in Q4, selling 55,573 shares. Simultaneously, Fortinet’s CEO Ken Xie and VP Michael Xie also sold substantial blocks of shares in early February. Despite these sales, Fortinet reported strong Q4 earnings, beating estimates, and analysts currently hold a “Hold” rating with a consensus target price of $87.04 for the stock.