MRP Capital Investments LLC Makes New Investment in Fortinet, Inc. $FTNT

MRP Capital Investments LLC purchased a new position in Fortinet, Inc. (NASDAQ:FTNT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,788 shares of the software maker’s stock, valued at approximately $2,505,000. Fortinet makes up 2.0% of MRP Capital Investments LLC’s investment portfolio, making the stock its 14th biggest holding.

A number of other large investors also recently modified their holdings of the business. Fiduciary Trust Co grew its position in Fortinet by 1.2% in the 3rd quarter. Fiduciary Trust Co now owns 10,823 shares of the software maker’s stock valued at $910,000 after buying an additional 130 shares in the last quarter. L2 Asset Management LLC raised its position in shares of Fortinet by 5.1% during the 2nd quarter. L2 Asset Management LLC now owns 2,847 shares of the software maker’s stock worth $301,000 after buying an additional 137 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Fortinet by 40.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 481 shares of the software maker’s stock worth $40,000 after buying an additional 139 shares in the last quarter. Optimist Retirement Group LLC lifted its stake in shares of Fortinet by 2.9% in the 3rd quarter. Optimist Retirement Group LLC now owns 4,888 shares of the software maker’s stock worth $411,000 after acquiring an additional 140 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in shares of Fortinet by 11.4% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,410 shares of the software maker’s stock worth $149,000 after acquiring an additional 144 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

Fortinet Trading Up 0.3%

Shares of NASDAQ:FTNT opened at $83.39 on Thursday. The stock has a market capitalization of $61.70 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 2.87 and a beta of 1.05. Fortinet, Inc. has a 1-year low of $70.12 and a 1-year high of $109.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. The company has a 50 day moving average price of $80.96 and a 200 day moving average price of $81.79.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. On average, research analysts anticipate that Fortinet, Inc. will post 2.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Ken Xie sold 175,737 shares of Fortinet stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $14,308,506.54. Following the transaction, the chief executive officer directly owned 51,396,385 shares in the company, valued at $4,184,693,666.70. The trade was a 0.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael Xie sold 343,106 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $27,935,690.52. Following the sale, the vice president directly owned 10,210,282 shares in the company, valued at $831,321,160.44. This trade represents a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 17.20% of the company’s stock.

Analyst Upgrades and Downgrades

FTNT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Fortinet from $72.00 to $73.00 and gave the company an “underweight” rating in a research note on Friday, February 6th. Evercore set a $80.00 price target on Fortinet in a research note on Friday, February 6th. Barclays set a $88.00 price target on Fortinet in a research report on Tuesday, February 3rd. Truist Financial set a $88.00 price objective on Fortinet in a research note on Tuesday, January 20th. Finally, TD Cowen upgraded Fortinet from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Fortinet currently has an average rating of “Hold” and a consensus target price of $88.62.

Fortinet Profile

Fortinet, Inc (NASDAQ: FTNT) is a multinational cybersecurity company that develops and delivers integrated security solutions for enterprise, service provider and government customers worldwide. Founded in 2000 and headquartered in Sunnyvale, California, the company was co‑founded by Ken Xie and Michael Xie. Ken Xie serves as chairman and chief executive officer, and the company operates through a global sales, channel and services organization to support customers across the Americas, EMEA and Asia‑Pacific.

Fortinet’s product portfolio centers on network security appliances and software, with its FortiGate next‑generation firewalls and the FortiOS operating system forming a core platform.