Castleark Management LLC bought a new position in Proofpoint Inc (NASDAQ:PFPT) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 83,760 shares of the software maker’s stock, valued at approximately $7,439,000. Castleark Management LLC owned about 0.17% of Proofpoint at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of PFPT. JPMorgan Chase & Co. increased its stake in Proofpoint by 133.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 870,784 shares of the software maker’s stock valued at $76,551,000 after buying an additional 498,462 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Proofpoint by 13.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,870 shares of the software maker’s stock valued at $1,995,000 after buying an additional 2,728 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Proofpoint by 235.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,762 shares of the software maker’s stock valued at $851,000 after buying an additional 6,848 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its stake in Proofpoint by 126.4% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 8,328 shares of the software maker’s stock valued at $726,000 after buying an additional 4,650 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in Proofpoint by 8.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,012,092 shares of the software maker’s stock valued at $262,715,000 after buying an additional 225,970 shares during the last quarter.
Proofpoint Inc (PFPT) opened at $118.69 on Friday. The company has a market cap of $6,066.06, a P/E ratio of -62.14 and a beta of 1.31. Proofpoint Inc has a fifty-two week low of $70.30 and a fifty-two week high of $123.87. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.
Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.08. The company had revenue of $145.40 million during the quarter, compared to the consensus estimate of $139.61 million. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 54.09%. Proofpoint’s revenue for the quarter was up 36.1% on a year-over-year basis. During the same period last year, the firm earned $0.18 EPS. analysts predict that Proofpoint Inc will post -0.94 earnings per share for the current year.
In other Proofpoint news, EVP Tracey Newell sold 8,183 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $91.24, for a total value of $746,616.92. Following the completion of the transaction, the executive vice president now directly owns 25,001 shares of the company’s stock, valued at approximately $2,281,091.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert Darren Lee sold 18,139 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $97.73, for a total transaction of $1,772,724.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 144,303 shares of company stock valued at $14,106,301. 5.96% of the stock is owned by insiders.
Several equities research analysts have commented on the stock. Piper Jaffray Companies reiterated an “overweight” rating and issued a $134.00 price objective on shares of Proofpoint in a research note on Friday, March 9th. William Blair reissued an “outperform” rating on shares of Proofpoint in a research report on Wednesday. Deutsche Bank increased their target price on shares of Proofpoint from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday. Dougherty & Co reissued a “buy” rating and set a $125.00 target price (up from $118.00) on shares of Proofpoint in a research report on Tuesday, March 6th. Finally, Wedbush reissued an “outperform” rating and set a $114.00 target price (down from $130.00) on shares of Proofpoint in a research report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Proofpoint currently has a consensus rating of “Buy” and a consensus target price of $110.75.
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Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.
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