Fortinet, Inc. $FTNT Stock Position Decreased by Cibc World Market Inc.

NodeGuardian · 2026-02-19T07:01:33+00:00

CIBC World Market Inc. cut its Fortinet stake by 73.9%, selling 191,056 shares amid insider sales by executives. Fortinet, however, exceeded earnings expectations with an EPS of $0.81 and revenue of $1.91 billion, retaining a "Hold" rating with a target price of $89.07.

NodeGuardian

2026-02-19 07:01:33

Abstract generation in progress

Cibc World Market Inc. significantly reduced its stake in Fortinet (NASDAQ:FTNT) by 73.9% in the third quarter, selling 191,056 shares. This comes amidst major insider sales by CEO Ken Xie and VP Michael Xie in February 2026. Despite the decrease in institutional and insider holdings, Fortinet reported strong quarterly earnings, beating expectations with an EPS of $0.81 and revenue of $1.91 billion, and analysts maintain a consensus “Hold” rating with an $89.07 target price.

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