Proofpoint, Inc. (PFPT) Shares Bought by Stephens Inc. AR
Stephens Inc. AR boosted its position in shares of Proofpoint, Inc. (NASDAQ:PFPT) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,050 shares of the software maker’s stock after purchasing an additional 394 shares during the period. Stephens Inc. AR’s holdings in Proofpoint were worth $699,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortaleza Asset Management Inc. grew its position in Proofpoint by 22.4% during the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,696 shares of the software maker’s stock worth $147,000 after purchasing an additional 310 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Proofpoint by 400.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,500 shares of the software maker’s stock worth $185,000 after purchasing an additional 2,000 shares in the last quarter. Creative Planning grew its position in Proofpoint by 7.4% during the 2nd quarter. Creative Planning now owns 2,232 shares of the software maker’s stock worth $194,000 after purchasing an additional 154 shares in the last quarter. Legato Capital Management LLC purchased a new position in Proofpoint during the 2nd quarter worth approximately $204,000. Finally, Envestnet Asset Management Inc. grew its position in Proofpoint by 18.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,897 shares of the software maker’s stock worth $215,000 after purchasing an additional 446 shares in the last quarter.
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In other Proofpoint news, EVP Bhagwat Swaroop sold 5,000 shares of the stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $85.17, for a total value of $425,850.00. Following the completion of the sale, the executive vice president now owns 13,161 shares in the company, valued at $1,120,922.37. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP David Knight sold 3,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $90.76, for a total transaction of $272,280.00. Following the completion of the sale, the executive vice president now owns 16,874 shares of the company’s stock, valued at approximately $1,531,484.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,366 shares of company stock valued at $10,807,274. Corporate insiders own 6.80% of the company’s stock.
Shares of Proofpoint, Inc. (NASDAQ PFPT) opened at 89.48 on Monday. The firm’s market cap is $3.98 billion. Proofpoint, Inc. has a 1-year low of $68.04 and a 1-year high of $97.00. The company has a 50 day moving average of $88.91 and a 200 day moving average of $83.97.
Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Thursday, July 27th. The software maker reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. The firm had revenue of $122.30 million during the quarter, compared to analysts’ expectations of $119.58 million. Proofpoint had a negative net margin of 20.96% and a negative return on equity of 140.24%. The company’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 earnings per share. On average, equities analysts forecast that Proofpoint, Inc. will post $0.65 earnings per share for the current fiscal year.
PFPT has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $115.00 price objective on shares of Proofpoint in a research report on Monday, September 11th. BidaskClub upgraded shares of Proofpoint from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Imperial Capital reiterated an “outperform” rating and set a $102.00 price objective (up from $100.00) on shares of Proofpoint in a research report on Wednesday, August 2nd. ValuEngine upgraded shares of Proofpoint from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Dougherty & Co lifted their price objective on shares of Proofpoint from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $98.91.
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.
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