Proofpoint, Inc. (PFPT) Holdings Boosted by Nationwide Fund Advisors
Nationwide Fund Advisors raised its stake in shares of Proofpoint, Inc. (NASDAQ:PFPT) by 61.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,088 shares of the software maker’s stock after acquiring an additional 66,797 shares during the period. Nationwide Fund Advisors owned about 0.39% of Proofpoint worth $15,203,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Comerica Bank lifted its stake in Proofpoint by 0.4% during the 2nd quarter. Comerica Bank now owns 13,207 shares of the software maker’s stock valued at $1,210,000 after acquiring an additional 51 shares in the last quarter. Creative Planning lifted its stake in Proofpoint by 7.4% during the 2nd quarter. Creative Planning now owns 2,232 shares of the software maker’s stock valued at $194,000 after acquiring an additional 154 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Proofpoint by 3.8% during the 2nd quarter. Principal Financial Group Inc. now owns 5,976 shares of the software maker’s stock valued at $519,000 after acquiring an additional 216 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Proofpoint by 1.0% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 22,631 shares of the software maker’s stock valued at $1,965,000 after acquiring an additional 222 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Proofpoint by 8.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,463 shares of the software maker’s stock valued at $301,000 after acquiring an additional 276 shares in the last quarter.
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Shares of Proofpoint, Inc. (NASDAQ:PFPT) opened at 90.44 on Friday. The company’s market cap is $4.02 billion. Proofpoint, Inc. has a 12 month low of $68.04 and a 12 month high of $97.00. The stock’s 50 day moving average price is $89.14 and its 200-day moving average price is $84.21.
Proofpoint (NASDAQ:PFPT) last released its earnings results on Thursday, July 27th. The software maker reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.05. Proofpoint had a negative return on equity of 140.24% and a negative net margin of 20.96%. The firm had revenue of $122.30 million during the quarter, compared to analysts’ expectations of $119.58 million. During the same quarter last year, the business posted $0.06 earnings per share. The firm’s revenue was up 36.0% on a year-over-year basis. Equities research analysts expect that Proofpoint, Inc. will post $0.65 earnings per share for the current year.
In other Proofpoint news, EVP Bhagwat Swaroop sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $85.17, for a total transaction of $425,850.00. Following the completion of the transaction, the executive vice president now owns 13,161 shares in the company, valued at approximately $1,120,922.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Knight sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $91.19, for a total value of $273,570.00. Following the transaction, the executive vice president now owns 16,874 shares of the company’s stock, valued at approximately $1,538,740.06. The disclosure for this sale can be found here. Insiders have sold 173,549 shares of company stock valued at $15,363,769 in the last quarter. 6.80% of the stock is currently owned by company insiders.
Several equities analysts have weighed in on the company. Royal Bank Of Canada restated a “buy” rating and set a $103.00 price objective on shares of Proofpoint in a research note on Thursday, August 31st. Wedbush reaffirmed an “outperform” rating and set a $104.00 target price (up from $98.00) on shares of Proofpoint in a research report on Friday, July 28th. Evercore ISI reaffirmed a “buy” rating and set a $105.00 target price on shares of Proofpoint in a research report on Wednesday, September 6th. Piper Jaffray Companies set a $100.00 target price on Proofpoint and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research raised Proofpoint from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target 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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