Stephens upgraded shares of FireEye, Inc. (NASDAQ:FEYE) from an equal weight rating to an overweight rating in a research report sent to investors on Monday morning, Marketbeat.com reports. The brokerage currently has $22.00 price objective on the information security company’s stock, up from their previous price objective of $16.00.

Several other brokerages also recently weighed in on FEYE. Susquehanna Bancshares Inc began coverage on FireEye in a research report on Wednesday, June 7th. They issued a neutral rating and a $17.00 price objective for the company. Stifel Nicolaus reiterated a buy rating on shares of FireEye in a research report on Wednesday, July 19th. Vetr downgraded FireEye from a strong-buy rating to a buy rating and set a $17.31 price objective for the company. in a research report on Thursday, June 22nd. Finally, ValuEngine downgraded FireEye from a hold rating to a sell rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $16.44.

Shares of FireEye (NASDAQ FEYE) opened at 16.89 on Monday. The firm’s market cap is $3.08 billion. The firm’s 50-day moving average is $14.73 and its 200-day moving average is $13.96. FireEye has a 52-week low of $10.35 and a 52-week high of $17.10.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.13. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The firm had revenue of $185.50 million during the quarter, compared to the consensus estimate of $176.39 million. During the same quarter in the previous year, the company posted ($0.33) earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Analysts anticipate that FireEye will post ($0.21) earnings per share for the current year.

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In other FireEye news, EVP Alexa King sold 69,884 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total value of $1,010,522.64. Following the sale, the executive vice president now directly owns 428,733 shares of the company’s stock, valued at $6,199,479.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.

Large investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its holdings in shares of FireEye by 13.2% during the second quarter. Oppenheimer & Co. Inc. now owns 243,614 shares of the information security company’s stock valued at $3,705,000 after purchasing an additional 28,450 shares in the last quarter. Unterberg Capital LLC bought a new position in shares of FireEye during the second quarter valued at $4,031,000. Teachers Advisors LLC lifted its holdings in shares of FireEye by 20.1% during the fourth quarter. Teachers Advisors LLC now owns 191,932 shares of the information security company’s stock valued at $2,284,000 after purchasing an additional 32,147 shares in the last quarter. Segantii Capital Management Ltd bought a new position in shares of FireEye during the first quarter valued at $251,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of FireEye by 31.9% during the second quarter. Canada Pension Plan Investment Board now owns 68,700 shares of the information security company’s stock valued at $1,045,000 after purchasing an additional 16,600 shares in the last quarter. 67.65% of the stock is currently owned by hedge funds and other institutional investors.

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).

Analyst Recommendations for FireEye (NASDAQ:FEYE)

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