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Sunnyvale Today
By the People, for the People
Bank of Nova Scotia Boosts Fortinet Stake by 47.9%
Institutional investor increases position in cybersecurity firm's shares
Mar. 17, 2026 at 7:24am
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Bank of Nova Scotia raised its position in Fortinet, Inc. (NASDAQ:FTNT) by 47.9% in the 3rd quarter, according to the company's latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor now owns 368,541 shares of the software maker's stock.
Why it matters
Fortinet is a leading cybersecurity firm that provides network security appliances and software to enterprise, service provider, and government customers worldwide. The increase in Bank of Nova Scotia's stake suggests the institutional investor sees long-term growth potential in Fortinet's business.
The details
According to the 13F filing, Bank of Nova Scotia acquired an additional 119,415 shares of Fortinet, bringing its total position to 368,541 shares. The shares were worth $30,987,000 as of the end of the 3rd quarter. Fortinet's stock has seen volatility in recent quarters, but the company continues to be a major player in the growing cybersecurity market.
- Bank of Nova Scotia increased its Fortinet stake in the 3rd quarter of 2026.
The players
Bank of Nova Scotia
A major Canadian financial institution and one of the largest banks in North America.
Fortinet, Inc.
A multinational cybersecurity company that develops and delivers integrated security solutions for enterprise, service provider, and government customers worldwide.
The takeaway
The increase in Bank of Nova Scotia's stake in Fortinet suggests the institutional investor sees long-term growth potential in the cybersecurity firm, which continues to be a major player in the expanding cybersecurity market.
