Deutsche Bank AG reduced its holdings in Proofpoint Inc (NASDAQ:PFPT) by 55.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,183 shares of the software maker’s stock after selling 174,352 shares during the quarter. Deutsche Bank AG owned 0.26% of Proofpoint worth $11,832,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Proofpoint by 3.2% during the third quarter. Vanguard Group Inc. now owns 4,460,432 shares of the software maker’s stock worth $474,277,000 after buying an additional 137,876 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Proofpoint by 3.2% during the third quarter. Vanguard Group Inc now owns 4,460,432 shares of the software maker’s stock worth $474,277,000 after buying an additional 137,876 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Proofpoint by 1.0% during the third quarter. BlackRock Inc. now owns 2,488,546 shares of the software maker’s stock worth $264,607,000 after buying an additional 25,562 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Proofpoint by 149.9% during the third quarter. TIAA CREF Investment Management LLC now owns 1,812,611 shares of the software maker’s stock worth $192,735,000 after buying an additional 1,087,297 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Proofpoint by 9.5% during the fourth quarter. FMR LLC now owns 1,661,727 shares of the software maker’s stock worth $139,269,000 after buying an additional 144,796 shares in the last quarter. Institutional investors own 95.85% of the company’s stock.
Several brokerages recently commented on PFPT. Wedbush reissued an “outperform” rating and set a $130.00 price target on shares of Proofpoint in a research report on Friday, April 12th. Zacks Investment Research raised Proofpoint from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Monday, December 31st. Bank of America began coverage on Proofpoint in a research report on Friday, April 12th. They set a “buy” rating and a $155.00 price target for the company. Piper Jaffray Companies increased their price target on Proofpoint from $120.00 to $136.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, BidaskClub raised Proofpoint from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $126.68.
PFPT opened at $123.81 on Wednesday. Proofpoint Inc has a 12-month low of $75.92 and a 12-month high of $130.27.
Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Thursday, January 31st. The software maker reported ($0.20) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.15. Proofpoint had a negative return on equity of 12.20% and a negative net margin of 14.47%. The company had revenue of $198.48 million during the quarter, compared to analysts’ expectations of $192.92 million. On average, equities analysts anticipate that Proofpoint Inc will post -1.18 EPS for the current fiscal year.
In other news, CFO Paul R. Auvil III sold 30,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $121.23, for a total transaction of $3,636,900.00. Following the transaction, the chief financial officer now owns 104,192 shares in the company, valued at $12,631,196.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Robert Darren Lee sold 8,031 shares of the stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $114.43, for a total value of $918,987.33. Following the transaction, the senior vice president now owns 6,698 shares in the company, valued at approximately $766,452.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,958 shares of company stock valued at $12,333,570. Insiders own 3.37% of the company’s stock.
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Proofpoint, Inc operates as a security-as-a-service 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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