Federated Investors Inc. PA increased its position in shares of Proofpoint, Inc. (NASDAQ:PFPT) by 63.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,435 shares of the software maker’s stock after buying an additional 33,290 shares during the period. Federated Investors Inc. PA owned about 0.19% of Proofpoint worth $7,419,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of PFPT. Comerica Bank increased its position in shares of Proofpoint by 0.4% in the second quarter. Comerica Bank now owns 13,207 shares of the software maker’s stock worth $1,210,000 after buying an additional 51 shares during the last quarter. Creative Planning increased its position in shares of Proofpoint by 7.4% in the second quarter. Creative Planning now owns 2,232 shares of the software maker’s stock worth $194,000 after buying an additional 154 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Proofpoint by 1.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 22,631 shares of the software maker’s stock worth $1,965,000 after buying an additional 222 shares during the last quarter. Wedbush Securities Inc. increased its position in shares of Proofpoint by 4.8% in the first quarter. Wedbush Securities Inc. now owns 5,864 shares of the software maker’s stock worth $436,000 after buying an additional 267 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Proofpoint by 8.7% in the second quarter. Teacher Retirement System of Texas now owns 3,463 shares of the software maker’s stock worth $301,000 after buying an additional 276 shares during the last quarter.

Proofpoint, Inc. (NASDAQ PFPT) opened at 91.53 on Thursday. Proofpoint, Inc. has a 52 week low of $68.04 and a 52 week high of $94.33. The company’s market cap is $4.07 billion. The company has a 50-day moving average of $88.27 and a 200-day moving average of $83.10.

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

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A number of brokerages have issued reports on PFPT. Royal Bank Of Canada reissued a “buy” rating and set a $103.00 price objective on shares of Proofpoint in a research report on Thursday. Needham & Company LLC began coverage on shares of Proofpoint in a research report on Friday, July 21st. They set a “buy” rating and a $115.00 price objective on the stock. Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Tuesday, August 1st. FBN Securities began coverage on shares of Proofpoint in a research report on Monday, May 22nd. They set an “outperform” rating and a $95.00 price objective on the stock. Finally, Northland Securities reissued a “buy” rating and set a $100.00 price objective on shares of Proofpoint in a research report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and twenty-one have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $93.43.

In related news, Chairman Eric Hahn sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $91.09, for a total transaction of $455,450.00. Following the transaction, the chairman now owns 58,701 shares in the company, valued at approximately $5,347,074.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David Knight sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $90.76, for a total value of $272,280.00. Following the transaction, the executive vice president now owns 16,874 shares in the company, valued at approximately $1,531,484.24. The disclosure for this sale can be found here. Insiders have sold a total of 158,549 shares of company stock worth $14,058,191 in the last 90 days. 6.80% of the stock is currently owned by company 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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