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Wealthfront Advisers LLC Has $7.20 Million Stake in Fortinet, Inc. $FTNT
Wealthfront Advisers LLC significantly increased its stake in Fortinet, Inc. during Q3, now holding 85,576 shares valued at approximately $7.20 million. Despite strong institutional investment, company insiders Michael Xie and Ken Xie sold a substantial amount of shares in early February. Fortinet recently surpassed quarterly earnings estimates and provided positive guidance for Q1 and full-year 2026, though analyst ratings are mixed with a consensus “Hold” rating.