MRP Capital Investments LLC Invests $2.51 Million in Fortinet, Inc. $FTNT

MRP Capital Investments LLC purchased a new stake in shares of Fortinet, Inc. (NASDAQ:FTNT) during the third quarter, Holdings Channel.com reports. The firm purchased 29,788 shares of the software maker’s stock, valued at approximately $2,505,000. Fortinet comprises 2.0% of MRP Capital Investments LLC’s portfolio, making the stock its 14th biggest holding.

Other hedge funds have also made changes to their positions in the company. Fiduciary Trust Co boosted its stake in Fortinet by 1.2% in the 3rd quarter. Fiduciary Trust Co now owns 10,823 shares of the software maker’s stock worth $910,000 after purchasing an additional 130 shares during the period. L2 Asset Management LLC raised its stake in Fortinet by 5.1% during the 2nd quarter. L2 Asset Management LLC now owns 2,847 shares of the software maker’s stock valued at $301,000 after purchasing an additional 137 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Fortinet by 40.6% in the third quarter. Meeder Asset Management Inc. now owns 481 shares of the software maker’s stock valued at $40,000 after purchasing an additional 139 shares in the last quarter. Optimist Retirement Group LLC lifted its holdings in shares of Fortinet by 2.9% in the third quarter. Optimist Retirement Group LLC now owns 4,888 shares of the software maker’s stock valued at $411,000 after purchasing an additional 140 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position in shares of Fortinet by 11.4% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,410 shares of the software maker’s stock worth $149,000 after buying an additional 144 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Fortinet Price Performance

NASDAQ FTNT opened at $83.39 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $61.70 billion, a PE ratio of 34.32, a price-to-earnings-growth ratio of 2.87 and a beta of 1.05. The company has a 50 day moving average price of $80.96 and a two-hundred day moving average price of $81.79. Fortinet, Inc. has a 12-month low of $70.12 and a 12-month high of $109.33.

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

Insiders Place Their Bets

In related news, VP Michael Xie sold 343,106 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $27,935,690.52. Following the completion of the sale, the vice president directly owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. This represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ken Xie sold 175,737 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction 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 ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 17.20% of the company’s stock.

Wall Street Analyst Weigh In

FTNT has been the topic of a number of research analyst reports. Robert W. Baird set a $90.00 price target on Fortinet in a report on Friday, February 6th. Wedbush reissued an “outperform” rating and issued a $90.00 price objective on shares of Fortinet in a research note on Friday, February 6th. Rosenblatt Securities raised their price objective on Fortinet from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fortinet in a research note on Monday, December 29th. Finally, Freedom Capital downgraded Fortinet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-two have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $88.62.

About Fortinet

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.