Fortinet Inc (FTNT) : American Capital Management Inc scooped up 231,248 additional shares in Fortinet Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 743,812 shares of Fortinet Inc which is valued at $25,416,056.Fortinet Inc makes up approximately 2.03% of American Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Swiss National Bank boosted its stake in FTNT in the latest quarter, The investment management firm added 28,600 additional shares and now holds a total of 408,900 shares of Fortinet Inc which is valued at $13,972,113. Fortinet Inc makes up approx 0.02% of Swiss National Bank’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in FTNT in the latest quarter, The investment management firm added 666 additional shares and now holds a total of 20,774 shares of Fortinet Inc which is valued at $709,848. Fortinet Inc makes up approx 0.02% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.California State Teachers Retirement System boosted its stake in FTNT in the latest quarter, The investment management firm added 2,960 additional shares and now holds a total of 306,372 shares of Fortinet Inc which is valued at $10,468,731. Fortinet Inc makes up approx 0.02% of California State Teachers Retirement System’s portfolio.True Private Wealth Advisors reduced its stake in FTNT by selling 103 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 7,065 shares of FTNT which is valued at $241,411. Fortinet Inc makes up approx 0.08% of True Private Wealth Advisors’s portfolio.
Fortinet Inc closed down -0.1 points or -0.30% at $33.36 with 10,52,681 shares getting traded on Monday. Post opening the session at $33.5, the shares hit an intraday low of $33.33 and an intraday high of $33.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Fortinet Inc reported $0.14 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.14. The company had revenue of $311.40 million for the quarter, compared to analysts expectations of $304.53 million. The company’s revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
Fortinet Inc. provides cyber security solutions to enterprise service providers and government organizations across the world. The Companys network security solution consists of FortiGate physical and virtual appliance products that provide an array of integrated security and networking functions to protect data applications and users from network-and content-level security threats. The Companys FortiGate appliances may be deployed as Next Generation Firewalls (NGFW) Data Center Firewalls (DCFW) Unified Threat Management (UTM) systems Internal Network Firewall (INFW) Virtual Machine Firewalls or Cloud Firewalls. The FortiGate appliances range from the FortiGate-20 series for small businesses and branch offices to the FortiGate-5000 series for enterprises and service providers and are based on its technology platform. Its security services are based on intelligence gathered by its FortiGuard Labs team.