Sumitomo Mitsui Trust reduces stake in Fortinet shares
1 report, 1 independent
Updated Sun 00:00
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What happened
Sumitomo Mitsui Trust Group Inc. decreased its holdings in Fortinet, Inc. by 2.4% during the third quarter, according to its filing with the Securities and Exchange Commission. The firm sold 35,628 shares during the period. As of the filing, Sumitomo Mitsui Trust Group Inc. owned about 0.20% of Fortinet, valued at $262,675,000.
From themarketsdaily.com
Why it matters
The filing details institutional investment activities for Fortinet Inc. also notes that other firms, including ProShare Advisors LLC and Summit Global Investments, increased their holdings in the software maker during the third quarter.
Fortinet Inc. reported institutional investment activities via a required 13F filing.
From themarketsdaily.com
Who's involved
- Fortinetnetwork security corporation
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The entities involved
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Fortinet
network security corporation