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Sunnyvale Today
By the People, for the People
Fortinet Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
The investment firm increased its stake in the cybersecurity company by 10.8% in the third quarter.
Mar. 17, 2026 at 10:53am
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MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 10.8% in the third quarter, according to the company's 13F filing with the SEC. The fund now owns 1,636,607 shares of the software maker's stock, valued at $137,629,000 as of the filing.
Why it matters
Fortinet is a leading cybersecurity company that provides network security appliances and software to enterprise, service provider, and government customers worldwide. The increase in MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s stake suggests the firm sees long-term growth potential in Fortinet's business.
The details
According to the 13F filing, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added 159,942 shares of Fortinet to its portfolio during the third quarter. The investment firm now owns 0.22% of Fortinet's outstanding shares. Several other hedge funds also increased their positions in Fortinet during the quarter, indicating strong investor confidence in the company's prospects.
- MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Fortinet during the third quarter of 2026.
The players
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
An investment firm that grew its position in Fortinet, Inc. by 10.8% in the third quarter of 2026.
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 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s stake in Fortinet suggests continued investor confidence in the cybersecurity company's long-term growth prospects, despite some recent market volatility.
