Published on 13 Apr 2024 on Simply Wall St. via Yahoo Finance
Key Insights
Given the large stake in the stock by institutions, Fortinet's stock price might be vulnerable to their trading decisions51% of the business is held by the top 16 shareholders Insiders own 16% of Fortinet
A look at the shareholders of Fortinet, Inc. (NASDAQ:FTNT) can tell us which group is most powerful. With 69% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.