Fortinet Set to Join the S&P MidCap 400

PR Newswire

NEW YORK, Jan. 23, 2014 /PRNewswire/ -- Fortinet Inc. (FTNT) will replace Harris Teeter Supermarkets Inc. (HTSI) in the S&P MidCap 400 after the close of trading on Tuesday, January 28. S&P 500 constituent The Kroger Co. (KR) is acquiring Harris Teeter in a deal expected to be completed on that date.

Fortinet provides network security solutions. Headquartered in Sunnyvale, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Systems Software Sub-Industry index.

Following is a summary of the change:

S&P MIDCAP 400 INDEX – January 28, 2014


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Fortinet

Information Technology

Systems Software

DELETED

Harris Teeter Supermarkets

Consumer Staples

Food Retail

 

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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