FireEye, Inc. (FEYE) Holdings Increased by Neuberger Berman Group LLC
Neuberger Berman Group LLC boosted its position in FireEye, Inc. (NASDAQ:FEYE) by 10.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,488,796 shares of the information security company’s stock after acquiring an additional 229,245 shares during the period. Neuberger Berman Group LLC owned about 1.41% of FireEye worth $37,855,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Cutter & CO Brokerage Inc. grew its stake in FireEye by 1.4% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 14,400 shares of the information security company’s stock worth $219,000 after acquiring an additional 200 shares during the period. Private Advisor Group LLC grew its stake in FireEye by 1.2% in the 1st quarter. Private Advisor Group LLC now owns 18,128 shares of the information security company’s stock worth $222,000 after acquiring an additional 220 shares during the period. Sigma Planning Corp grew its stake in FireEye by 2.5% in the 2nd quarter. Sigma Planning Corp now owns 10,759 shares of the information security company’s stock worth $164,000 after acquiring an additional 266 shares during the period. Teacher Retirement System of Texas grew its stake in FireEye by 5.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,925 shares of the information security company’s stock worth $197,000 after acquiring an additional 670 shares during the period. Finally, WFG Advisors LP grew its stake in FireEye by 2.3% in the 1st quarter. WFG Advisors LP now owns 30,065 shares of the information security company’s stock worth $379,000 after acquiring an additional 671 shares during the period. 67.65% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Alexa King sold 69,884 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the transaction, the executive vice president now owns 428,733 shares in the company, valued at approximately $6,199,479.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.
FireEye, Inc. (NASDAQ:FEYE) opened at 14.89 on Monday. FireEye, Inc. has a 12-month low of $10.35 and a 12-month high of $16.40. The company’s 50 day moving average is $14.76 and its 200 day moving average is $13.75. The firm’s market cap is $2.71 billion.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Tuesday, August 1st. The information security company reported ($0.26) EPS for the quarter, topping 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 company had revenue of $185.50 million for the quarter, compared to analyst estimates of $176.39 million. During the same quarter in the prior year, the business posted ($0.33) EPS. FireEye’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that FireEye, Inc. will post ($0.21) earnings per share for the current year.
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Several analysts have commented on the stock. BMO Capital Markets lifted their target price on shares of FireEye from $15.00 to $17.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 2nd. BidaskClub raised shares of FireEye from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Stifel Nicolaus reaffirmed a “buy” rating on shares of FireEye in a research note on Wednesday, July 19th. Barclays PLC reaffirmed an “equal weight” rating and issued a $16.00 target price (up from $14.00) on shares of FireEye in a research note on Wednesday, August 2nd. Finally, Vetr cut shares of FireEye from a “strong-buy” rating to a “buy” rating and set a $16.36 target price for the company. in a research note on Monday, May 8th. Two research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. FireEye presently has an average rating of “Hold” and an average price target of $16.05.
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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