포티넷, Inc.
US ˙ NasdaqGS ˙ US34959E1091

SecurityFTNT / Fortinet, Inc.
InstitutionSandy Spring Bank
Latest Disclosed Ownership4,510 shares
Latest Disclosed Value $ 434,133
Sandy Spring Bank reports 0.22% increase in ownership of FTNT / Fortinet, Inc.

On May 12, 2025 - Sandy Spring Bank filed a 13F-HR form disclosing ownership of 4,510 shares of Fortinet, Inc. (US:FTNT) valued at $434,133 USD as of March 31, 2025. The entity filed a previous 13F-HR on February 11, 2025 disclosing 4,500 shares of Fortinet, Inc.. This represents a change in shares of 0.22% during the quarter. The current value of the position is $652,507 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-05-12 2025-03-31 13F FORTINET COM 34959E109 4,510 10 0.22 434 2.12 0.0183
2025-02-11 2024-12-31 13F FORTINET COM 34959E109 4,500 0 0.00 425 22.13 0.0172
2024-10-25 2024-09-30 13F FORTINET COM 34959E109 4,500 -125 -2.70 349 25.18 0.0144
2024-08-06 2024-06-30 13F FORTINET COM 34959E109 4,625 0 0.00 279 -11.75 0.0123
2024-05-08 2024-03-31 13F FORTINET COM 34959E109 4,625 0 0.00 316 16.67 0.0144
2024-01-26 2023-12-31 13F FORTINET COM 34959E109 4,625 0 0.00 271 -0.37 0.0135
2023-10-30 2023-09-30 13F FORTINET COM 34959E109 4,625 0 0.00 271 -22.35 0.0151
2023-08-04 2023-06-30 13F FORTINET COM 34959E109 4,625 0 0.00 350 13.68 0.0186
2023-05-05 2023-03-31 13F FORTINET COM 34959E109 4,625 0 0.00 307 35.84 0.0175
2023-02-10 2022-12-31 13F FORTINET COM 34959E109 4,625 -20 -0.43 226 -0.88 0.0134
2022-11-02 2022-09-30 13F FORTINET COM 34959E109 4,645 0 0.00 228 -13.31 0.0145
2022-07-21 2022-06-30 13F FORTINET COM 34959E109 4,645 3,720 402.16 263 -16.77 0.0158
2022-05-03 2022-03-31 13F FORTINET COM 34959E109 925 25 2.78 316 -2.17 0.0161
2022-02-11 2021-12-31 13F FORTINET COM 34959E109 900 -41 -4.36 323 17.45 0.0154
2021-11-05 2021-09-30 13F FORTINET COM 34959E109 941 0 0.00 275 22.77 0.0146
2021-08-09 2021-06-30 13F FORTINET COM 34959E109 941 0 0.00 224 28.74 0.0119
2021-05-03 2021-03-31 13F FORTINET COM 34959E109 941 0 0.00 174 24.29 0.0100
2021-02-03 2020-12-31 13F FORTINET COM 34959E109 941 41 4.56 140 32.08 0.0085
2020-11-09 2020-09-30 13F FORTINET COM 34959E109 900 0 0.00 106 -14.52 0.0072
2020-08-12 2020-06-30 13F FORTINET COM 34959E109 900 0 0.00 124 36.26 0.0092
2020-05-01 2020-03-31 13F FORTINET COM 34959E109 900 0 0.00 91 -5.21 0.0082
2020-02-06 2019-12-31 13F FORTINET COM 34959E109 900 0 0.00 96 39.13 0.0070
2019-11-01 2019-09-30 13F FORTINET COM 34959E109 900 -300 -25.00 69 -25.00 0.0054
2019-08-01 2019-06-30 13F FORTINET COM 34959E109 1,200 0 0.00 92 -8.91 0.0074
2019-05-06 2019-03-31 13F FORTINET COM 34959E109 1,200 0 0.00 101 18.82 0.0086
2019-02-08 2018-12-31 13F FORTINET COM 34959E109 1,200 -500 -29.41 85 -45.86 0.0081
2018-11-07 2018-09-30 13F FORTINET COM 34959E109 1,700 0 0.00 157 48.11 0.0129
2018-08-03 2018-06-30 13F FORTINET COM 34959E109 1,700 0 0.00 106 16.48 0.0092
2018-05-04 2018-03-31 13F FORTINET COM 34959E109 1,700 0 0.00 91 22.97 0.0081
2018-02-02 2017-12-31 13F FORTINET COM 34959E109 1,700 0 0.00 74 21.31 0.0068
2017-11-03 2017-09-30 13F FORTINET COM 34959E109 1,700 0 0.00 61 -4.69 0.0058
2017-08-11 2017-06-30 13F FORTINET COM 34959E109 1,700 0 0.00 64 -1.54 0.0063
2017-05-11 2017-03-31 13F/A-1 FORTINET COM 34959E109 1,700 0 0.00 65 27.45 0.0065
2017-05-10 2017-03-31 13F FORTINET COM 34959E109 1,700 65
2017-02-06 2016-12-31 13F FORTINET COM 34959E109 1,700 -500 -22.73 51 -37.04 0.0053
2016-11-07 2016-09-30 13F FORTINET COM 34959E109 2,200 0 0.00 81 15.71 0.0087
2016-08-09 2016-06-30 13F FORTINET COM 34959E109 2,200 -500 -18.52 70 -15.66 0.0080
2016-05-04 2016-03-31 13F FORTINET COM 34959E109 2,700 0 0.00 83 -1.19 0.0095
2016-02-03 2015-12-31 13F FORTINET COM 34959E109 2,700 0 0.00 84 -26.32 0.0098
2015-11-04 2015-09-30 13F Fortinet COM 34959E109 2,700 1,300 92.86 114 96.55 0.0140
2015-08-07 2015-06-30 13F FORTINET COM 34959E109 1,400 -800 -36.36 58 -24.68 0.0066
2015-05-13 2015-03-31 13F/A-1 FORTINET COM 34959E109 2,200 2,200 46.67 77 156.67 0.0089
2015-05-11 2015-03-31 13F FORTINET COM 34959E109 2,200 97
2014-02-12 2013-12-31 13F/A-1 FORTINET COM 34959E109 0 -1,500 -100.00 0 -100.00
2013-10-30 2013-09-30 13F FORTINET COM 34959E109 1,500 1,500 30 0.0045
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.