FireEye, Inc. (FEYE) Shares Bought by FNY Partners Fund LP
FNY Partners Fund LP raised its stake in FireEye, Inc. (NASDAQ:FEYE) by 900.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the information security company’s stock after acquiring an additional 9,000 shares during the quarter. FNY Partners Fund LP’s holdings in FireEye were worth $152,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dai Ichi Life Insurance Company Ltd purchased a new position in FireEye in the second quarter valued at about $1,072,000. Eaton Vance Management boosted its stake in FireEye by 22.8% in the second quarter. Eaton Vance Management now owns 967,515 shares of the information security company’s stock valued at $14,716,000 after acquiring an additional 179,547 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. boosted its stake in FireEye by 187.2% in the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 58,129 shares of the information security company’s stock valued at $900,000 after acquiring an additional 37,890 shares during the last quarter. CIBC World Markets Inc. purchased a new position in FireEye in the second quarter valued at about $536,000. Finally, Engineers Gate Manager LP purchased a new position in FireEye in the second quarter valued at about $533,000. Hedge funds and other institutional investors own 67.65% of the company’s stock.
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Shares of FireEye, Inc. (NASDAQ FEYE) traded up 2.029% during trading on Wednesday, hitting $16.845. 1,351,173 shares of the stock were exchanged. The firm has a 50 day moving average of $14.71 and a 200-day moving average of $13.92. FireEye, Inc. has a 52-week low of $10.35 and a 52-week high of $16.89. The stock’s market cap is $3.07 billion.
FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, August 1st. The information security company reported ($0.26) EPS for the quarter, topping the 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 firm had revenue of $185.50 million for the quarter, compared to the consensus estimate of $176.39 million. During the same quarter in the previous year, the firm earned ($0.33) earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that FireEye, Inc. will post ($0.21) earnings per share for the current fiscal year.
In related news, EVP Alexa King sold 69,884 shares of the company’s 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 sale, 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 legal filing with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.
A number of research analysts have weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $17.00 target price (up from $15.00) on shares of FireEye in a research note on Tuesday, August 8th. BTIG Research reiterated a “buy” rating and issued a $18.00 target price (up from $17.00) on shares of FireEye in a research note on Tuesday, August 8th. Evercore ISI set a $20.00 target price on shares of FireEye and gave the company a “buy” rating in a research note on Friday, August 11th. Deutsche Bank AG boosted their target price on shares of FireEye from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub upgraded shares of FireEye from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.44.
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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