Flinton Capital Management LLC grew its position in Proofpoint Inc (NASDAQ:PFPT) by 39.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,800 shares of the software maker’s stock after buying an additional 1,360 shares during the period. Flinton Capital Management LLC’s holdings in Proofpoint were worth $402,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. TIAA CREF Investment Management LLC boosted its position in shares of Proofpoint by 149.9% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,812,611 shares of the software maker’s stock worth $192,735,000 after purchasing an additional 1,087,297 shares during the period. Teachers Advisors LLC boosted its position in shares of Proofpoint by 111.0% during the 3rd quarter. Teachers Advisors LLC now owns 849,483 shares of the software maker’s stock worth $90,326,000 after purchasing an additional 446,817 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Proofpoint by 143.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 734,917 shares of the software maker’s stock worth $78,144,000 after purchasing an additional 432,467 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Proofpoint by 67.2% during the 4th quarter. Bank of New York Mellon Corp now owns 925,102 shares of the software maker’s stock worth $77,534,000 after purchasing an additional 371,864 shares during the period. Finally, FMR LLC boosted its position in shares of Proofpoint by 22.2% during the 3rd quarter. FMR LLC now owns 1,516,931 shares of the software maker’s stock worth $161,295,000 after purchasing an additional 276,000 shares during the period. 95.99% of the stock is owned by institutional investors and hedge funds.
In other Proofpoint news, Director Dana L. Evan sold 3,051 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $113.85, for a total transaction of $347,356.35. Following the sale, the director now directly owns 8,783 shares in the company, valued at approximately $999,944.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Bhagwat Swaroop sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $118.09, for a total transaction of $118,090.00. Following the completion of the sale, the executive vice president now owns 3,451 shares in the company, valued at $407,528.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,782 shares of company stock worth $1,910,979. 3.37% of the stock is owned by company insiders.
A number of research firms recently weighed in on PFPT. BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a research report on Thursday. KeyCorp increased their price objective on shares of Proofpoint from $120.00 to $136.00 and gave the stock an “overweight” rating in a research report on Monday, February 25th. Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Monday, February 11th. Guggenheim began coverage on shares of Proofpoint in a research report on Monday, December 10th. They set a “buy” rating and a $110.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $135.00 price objective (up previously from $130.00) on shares of Proofpoint in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Proofpoint currently has a consensus rating of “Buy” and an average price target of $124.26.
Proofpoint stock opened at $122.01 on Friday. The company has a market cap of $6.59 billion, a price-to-earnings ratio of -106.10 and a beta of 1.83. Proofpoint Inc has a 52-week low of $75.92 and a 52-week high of $130.27.
Proofpoint (NASDAQ:PFPT) last released its earnings results on Thursday, January 31st. The software maker reported ($0.20) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.15. The company had revenue of $198.48 million for the quarter, compared to analyst estimates of $192.92 million. Proofpoint had a negative net margin of 14.47% and a negative return on equity of 12.20%. Equities analysts predict that Proofpoint Inc will post -1.18 earnings per share for the current year.
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Proofpoint, Inc operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.
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