Terry Smith's position in Fortinet is currently worth $645M. That's 2.84% of their equity portfolio (13th largest holding). The investor owns 1.07% of the outstanding Fortinet stock. The first Fortinet trade was made in Q3 2020. Since then Terry Smith bought shares nine more times and sold shares on eight occasions. The stake costed the investor $423M, netting the investor a gain of 52% so far.
Fortinet (NASDAQ: FTNT ) just reported results for the first quarter of 2024. Fortinet reported earnings per share of 43 cents. This was above the analyst es...