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Teacher Retirement System of Texas Boosts Stock Holdings in Fortinet, Inc. $FTNT
The Teacher Retirement System of Texas increased its stake in Fortinet (NASDAQ:FTNT) by 69.0% in Q4, now owning 265,311 shares valued at approximately $21.07 million. Fortinet reported strong Q4 earnings, beating estimates with $0.81 EPS and $1.91 billion in revenue, and provided optimistic guidance for Q1 and FY2026. Despite mixed analyst ratings, with a consensus “Hold” and an average price target of $87.04, various institutional investors also recently initiated new positions in the cybersecurity company.