Canada Pension Plan Investment Board Increases Position in Fortinet Inc (FTNT)
Summary
Canada Pension Plan Investment Board boosted its position in shares of Fortinet Inc (NASDAQ:FTNT) by 25.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. As a group, equities research analysts anticipate that Fortinet Inc will post 1.25 earnings per share for the current fiscal year. Royal Bank of Canada increased their price target on Fortinet to $76.00 and gave the company a “sector perform” rating in a research report on Friday, November 2nd. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and WAN acceleration; and FortiSandbox technology that delivers proactive detection and mitigation services; and FortiSIEM family of products, which offers a cloud-ready security information and event management solution for enterprises and service providers.