GSA Capital Partners LLP purchased a new position in FireEye Inc (NASDAQ:FEYE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,876 shares of the information security company’s stock, valued at approximately $274,000.
A number of other hedge funds also recently made changes to their positions in FEYE. Point72 Asset Management L.P. purchased a new stake in FireEye in the 3rd quarter worth $75,475,000. Jennison Associates LLC purchased a new stake in FireEye in the 4th quarter worth $14,470,000. Vanguard Group Inc lifted its stake in FireEye by 3.7% in the 3rd quarter. Vanguard Group Inc now owns 16,137,591 shares of the information security company’s stock worth $274,339,000 after purchasing an additional 579,676 shares in the last quarter. Vanguard Group Inc. lifted its stake in FireEye by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 16,137,591 shares of the information security company’s stock worth $274,339,000 after purchasing an additional 579,676 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in FireEye in the 3rd quarter worth $8,087,000. Institutional investors and hedge funds own 72.64% of the company’s stock.
Several analysts have commented on the stock. Wedbush decreased their price target on shares of FireEye from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, February 8th. Zacks Investment Research cut shares of FireEye from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. BidaskClub cut shares of FireEye from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. JPMorgan Chase & Co. upgraded shares of FireEye from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Monday, March 11th. Finally, Morgan Stanley downgraded shares of FireEye from an “overweight” rating to an “equal weight” rating and set a $21.00 target price on the stock. in a report on Thursday, December 13th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $19.66.
In related news, President Travis M. Reese sold 101,617 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $16.71, for a total transaction of $1,698,020.07. Following the transaction, the president now directly owns 904,097 shares in the company, valued at approximately $15,107,460.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Frank Verdecanna sold 55,775 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $16.71, for a total transaction of $932,000.25. Following the transaction, the chief financial officer now owns 501,644 shares in the company, valued at $8,382,471.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 208,255 shares of company stock worth $3,479,941. Insiders own 2.40% of the company’s stock.
FireEye stock opened at $17.03 on Thursday. FireEye Inc has a twelve month low of $14.20 and a twelve month high of $20.61. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.03 and a current ratio of 2.04. The stock has a market capitalization of $3.47 billion, a PE ratio of -23.65 and a beta of 0.96.
FireEye (NASDAQ:FEYE) last posted its earnings results on Wednesday, February 6th. The information security company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. FireEye had a negative net margin of 29.26% and a negative return on equity of 21.37%. The firm had revenue of $217.53 million for the quarter, compared to the consensus estimate of $216.79 million. During the same period in the previous year, the firm posted $0.01 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts forecast that FireEye Inc will post -0.51 earnings per share for the current fiscal year.
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FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.
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