Falcon Point Capital LLC Has $21.22 Million Stake in FireEye, Inc. (FEYE)
Falcon Point Capital LLC reduced its position in FireEye, Inc. (NASDAQ:FEYE) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,395,261 shares of the information security company’s stock after selling 40,402 shares during the period. FireEye comprises about 2.9% of Falcon Point Capital LLC’s investment portfolio, making the stock its 4th largest position. Falcon Point Capital LLC’s holdings in FireEye were worth $21,222,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can raised its position in shares of FireEye by 37.4% in the first quarter. Bank of Montreal Can now owns 7,887 shares of the information security company’s stock worth $100,000 after buying an additional 2,147 shares during the last quarter. Sigma Planning Corp purchased a new position in shares of FireEye during the first quarter worth $132,000. US Bancorp DE raised its position in shares of FireEye by 271.0% in the first quarter. US Bancorp DE now owns 10,662 shares of the information security company’s stock worth $135,000 after buying an additional 7,788 shares during the last quarter. TRUE Private Wealth Advisors raised its position in shares of FireEye by 13.8% in the first quarter. TRUE Private Wealth Advisors now owns 11,520 shares of the information security company’s stock worth $142,000 after buying an additional 1,400 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of FireEye by 251.1% in the first quarter. PNC Financial Services Group Inc. now owns 13,691 shares of the information security company’s stock worth $173,000 after buying an additional 9,791 shares during the last quarter. Institutional investors own 67.16% of the company’s stock.
FireEye, Inc. (FEYE) opened at 14.01 on Friday. The company’s market cap is $2.55 billion. FireEye, Inc. has a one year low of $10.35 and a one year high of $16.40. The company has a 50-day moving average of $15.19 and a 200 day moving average of $13.52.
FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.13. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The company had revenue of $185.50 million during the quarter, compared to analysts’ expectations of $176.39 million. During the same quarter in the previous year, the company earned ($0.33) earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts anticipate that FireEye, Inc. will post ($0.21) earnings per share for the current year.
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A number of equities analysts recently weighed in on FEYE shares. Vetr lowered shares of FireEye from a “strong-buy” rating to a “buy” rating and set a $16.36 price objective for the company. in a report on Monday, May 8th. Evercore ISI restated a “buy” rating and issued a $16.00 price objective (up from $14.00) on shares of FireEye in a report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $17.00 price objective (up from $15.00) on shares of FireEye in a report on Wednesday, May 3rd. Stifel Nicolaus restated a “buy” rating and issued a $20.00 price objective (up from $17.00) on shares of FireEye in a report on Wednesday, May 3rd. Finally, BTIG Research restated a “buy” rating and issued a $18.00 price objective (up from $17.00) on shares of FireEye in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. FireEye presently has a consensus rating of “Hold” and an average price target of $15.97.
In other FireEye news, EVP Alexa King sold 69,884 shares of FireEye stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $14.46, for a total value of $1,010,522.64. Following the completion of the transaction, the executive vice president now owns 428,733 shares of the company’s stock, valued at $6,199,479.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is currently owned by insiders.
FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).
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