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Institutional investors boosted stakes in cybersecurity firm Fortinet as its shares rose 22% to $103.11.
Westfuller Advisors LLC and other institutional investors increased their stakes in Fortinet, a cybersecurity firm, during the first quarter.
Fortinet's share price rose by 22.0% to $103.11, with a market cap of $78.92 billion.
The company reported quarterly earnings of $0.58 per share, exceeding analyst expectations by $0.05, and saw revenue of $1.54 billion.
Despite a "Hold" consensus rating, Fortinet's CEO sold shares, reducing his ownership by 0.31%.
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Los inversores institucionales aumentaron las participaciones en la firma de ciberseguridad Fortinet, ya que sus acciones subieron un 22% a $ 103.11.