Cookson Peirce & Co. Inc. significantly reduced its stake in Fortinet (NASDAQ:FTNT) by 97.5% in the third quarter, selling over 151,000 shares. This comes as Fortinet’s CEO and VP also made substantial share sales in early February. Despite these sales, Fortinet reported strong quarterly earnings, beating analyst expectations for both EPS and revenue, and has a consensus “Hold” rating from analysts with an average price target of $89.07.
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Fortinet, Inc. $FTNT Shares Sold by Cookson Peirce & Co. Inc.
Cookson Peirce & Co. Inc. significantly reduced its stake in Fortinet (NASDAQ:FTNT) by 97.5% in the third quarter, selling over 151,000 shares. This comes as Fortinet’s CEO and VP also made substantial share sales in early February. Despite these sales, Fortinet reported strong quarterly earnings, beating analyst expectations for both EPS and revenue, and has a consensus “Hold” rating from analysts with an average price target of $89.07.