FireEye, Inc. (FEYE) Shares Bought by Teacher Retirement System of Texas
Teacher Retirement System of Texas boosted its position in FireEye, Inc. (NASDAQ:FEYE) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,925 shares of the information security company’s stock after buying an additional 670 shares during the period. Teacher Retirement System of Texas’ holdings in FireEye were worth $197,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of FEYE. Shapiro Capital Management LLC increased its stake in FireEye by 17.9% in the first quarter. Shapiro Capital Management LLC now owns 18,840,343 shares of the information security company’s stock worth $237,577,000 after buying an additional 2,859,910 shares during the last quarter. Boston Advisors LLC purchased a new stake in FireEye during the second quarter worth approximately $10,591,000. Neuberger Berman Group LLC increased its stake in FireEye by 32.8% in the first quarter. Neuberger Berman Group LLC now owns 2,259,551 shares of the information security company’s stock worth $28,493,000 after buying an additional 557,832 shares during the last quarter. Penserra Capital Management LLC increased its stake in FireEye by 16.4% in the first quarter. Penserra Capital Management LLC now owns 3,236,242 shares of the information security company’s stock worth $40,809,000 after buying an additional 456,661 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in FireEye by 155.8% in the first quarter. Renaissance Technologies LLC now owns 734,900 shares of the information security company’s stock worth $9,267,000 after buying an additional 447,600 shares during the last quarter. Institutional investors own 67.65% of the company’s stock.
Shares of FireEye, Inc. (FEYE) opened at 14.71 on Thursday. The firm’s market capitalization is $2.68 billion. FireEye, Inc. has a 52 week low of $10.35 and a 52 week high of $16.40. The firm’s 50-day moving average price is $14.87 and its 200 day moving average price is $13.63. FireEye also was the target of some unusual options trading activity on Tuesday. Stock investors purchased 6,778 put options on the stock. This represents an increase of 158% compared to the typical volume of 2,627 put options.
FireEye (NASDAQ:FEYE) last issued its earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $185.50 million during the quarter, compared to the consensus estimate of $176.39 million. During the same period last year, the business posted ($0.33) EPS. FireEye’s revenue was up 6.0% on a year-over-year basis. On average, analysts anticipate that FireEye, Inc. will post ($0.21) EPS for the current year.
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A number of analysts have commented on FEYE shares. Vetr upgraded FireEye from a “buy” rating to a “strong-buy” rating and set a $16.36 target price on the stock in a research report on Monday, May 15th. 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 research report on Wednesday, May 3rd. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $23.00 price objective on shares of FireEye in a research report on Thursday, May 4th. Stifel Nicolaus restated a “buy” rating and issued a $20.00 price objective (up from $17.00) on shares of FireEye in a research report on Wednesday, May 3rd. Finally, Wedbush upped their price objective on FireEye from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, May 3rd. Two 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. The company currently has a consensus rating of “Hold” and a consensus price target of $16.05.
In related news, EVP Alexa King sold 69,884 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 428,733 shares in the company, valued at approximately $6,199,479.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.
FireEye Company Profile
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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