- Today
- Holidays
- Birthdays
- Reminders
- Cities
- Atlanta
- Austin
- Baltimore
- Berwyn
- Beverly Hills
- Birmingham
- Boston
- Brooklyn
- Buffalo
- Charlotte
- Chicago
- Cincinnati
- Cleveland
- Columbus
- Dallas
- Denver
- Detroit
- Fort Worth
- Houston
- Indianapolis
- Knoxville
- Las Vegas
- Los Angeles
- Louisville
- Madison
- Memphis
- Miami
- Milwaukee
- Minneapolis
- Nashville
- New Orleans
- New York
- Omaha
- Orlando
- Philadelphia
- Phoenix
- Pittsburgh
- Portland
- Raleigh
- Richmond
- Rutherford
- Sacramento
- Salt Lake City
- San Antonio
- San Diego
- San Francisco
- San Jose
- Seattle
- Tampa
- Tucson
- Washington
Sunnyvale Today
By the People, for the People
Burney Co. Reduces Stake in Fortinet, Inc.
Institutional investor trims holdings in cybersecurity firm
Apr. 12, 2026 at 8:53am
Got story updates? Submit your updates here. ›
An institutional investor's reduced stake in a leading cybersecurity firm reflects broader shifts in the financial markets.Sunnyvale TodayBurney Co., an institutional investor, has reduced its stake in Fortinet, Inc. (NASDAQ:FTNT) by 8.4% during the fourth quarter, according to a recent SEC filing. The fund now owns 197,809 shares of the software maker's stock, down from 216,006 shares previously.
Why it matters
Fortinet is a leading cybersecurity firm, and changes in institutional ownership can signal shifts in market sentiment around the company and the broader cybersecurity industry. Tracking these types of ownership changes provides insight into how major investors are viewing the company's prospects.
The details
According to the SEC filing, Burney Co. sold 18,187 shares of Fortinet stock during the fourth quarter. The fund's total holdings in Fortinet are now valued at $15.7 million. Fortinet's stock price has fluctuated in recent months, closing at $76.61 on Friday.
- Burney Co. reduced its Fortinet stake during the fourth quarter of 2025.
The players
Burney Co.
An institutional investor that has reduced its stake in cybersecurity firm Fortinet, Inc.
Fortinet, Inc.
A multinational cybersecurity company that develops and delivers integrated security solutions for enterprise, service provider and government customers worldwide.
The takeaway
This filing highlights the shifting landscape of institutional ownership in the cybersecurity sector, as investors evaluate the growth prospects and competitive positioning of leading firms like Fortinet. The changes in Burney Co.'s Fortinet holdings provide a data point for analyzing broader trends in the industry.
