First Trust Advisors LP raised its stake in Proofpoint, Inc. (NASDAQ:PFPT) by 19.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,582 shares of the software maker’s stock after buying an additional 17,778 shares during the period. First Trust Advisors LP owned about 0.25% of Proofpoint worth $9,602,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Comerica Bank purchased a new position in shares of Proofpoint during the first quarter valued at $1,001,000. US Bancorp DE increased its position in shares of Proofpoint by 19.5% in the first quarter. US Bancorp DE now owns 8,922 shares of the software maker’s stock valued at $663,000 after buying an additional 1,454 shares during the last quarter. Capital Fund Management S.A. increased its position in shares of Proofpoint by 249.4% in the first quarter. Capital Fund Management S.A. now owns 88,400 shares of the software maker’s stock valued at $6,573,000 after buying an additional 63,100 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Proofpoint by 400.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,500 shares of the software maker’s stock valued at $185,000 after buying an additional 2,000 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Proofpoint by 10.9% in the first quarter. Advisors Asset Management Inc. now owns 42,145 shares of the software maker’s stock valued at $3,134,000 after buying an additional 4,158 shares during the last quarter.

Shares of Proofpoint, Inc. (NASDAQ PFPT) opened at 90.35 on Friday. Proofpoint, Inc. has a one year low of $68.04 and a one year high of $94.33. The stock’s 50 day moving average price is $88.27 and its 200-day moving average price is $83.10. The stock’s market cap is $4.01 billion.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, July 27th. The software maker reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.05. The company had revenue of $122.30 million during the quarter, compared to analysts’ expectations of $119.58 million. Proofpoint had a negative return on equity of 140.24% and a negative net margin of 20.96%. Proofpoint’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. On average, equities analysts predict that Proofpoint, Inc. will post $0.65 earnings per share for the current fiscal year.

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Several brokerages recently weighed in on PFPT. BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a research note on Friday. Needham & Company LLC began coverage on shares of Proofpoint in a research note on Friday, July 21st. They issued a “buy” rating and a $115.00 target price for the company. Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Tuesday, August 1st. FBN Securities began coverage on shares of Proofpoint in a research note on Monday, May 22nd. They issued an “outperform” rating and a $95.00 target price for the company. Finally, Northland Securities reissued a “buy” rating and issued a $100.00 target price on shares of Proofpoint in a research note on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $93.43.

In other news, SVP Robert Darren Lee sold 2,750 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $87.75, for a total transaction of $241,312.50. Following the completion of the transaction, the senior vice president now directly owns 7,619 shares of the company’s stock, valued at $668,567.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Knight sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $92.45, for a total value of $277,350.00. Following the transaction, the executive vice president now directly owns 16,874 shares of the company’s stock, valued at $1,560,001.30. The disclosure for this sale can be found here. Insiders have sold 156,299 shares of company stock valued at $13,844,053 over the last ninety days. 6.80% of the stock is owned by insiders.

About Proofpoint

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.

Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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