ETF Managers Group LLC acquired a new position in shares of Proofpoint, Inc. (NASDAQ:PFPT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 497,023 shares of the software maker’s stock, valued at approximately $43,157,000. Proofpoint comprises 3.6% of ETF Managers Group LLC’s holdings, making the stock its 8th largest position. ETF Managers Group LLC owned about 1.12% of Proofpoint at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Proofpoint by 9.7% during the 2nd quarter. BlackRock Inc. now owns 3,503,427 shares of the software maker’s stock worth $304,204,000 after buying an additional 309,998 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Proofpoint by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,392,578 shares of the software maker’s stock worth $294,577,000 after buying an additional 77,721 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Proofpoint by 20.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,786,122 shares of the software maker’s stock worth $241,919,000 after buying an additional 472,407 shares during the last quarter. FMR LLC boosted its stake in shares of Proofpoint by 10.9% during the 2nd quarter. FMR LLC now owns 961,745 shares of the software maker’s stock worth $83,508,000 after buying an additional 94,545 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Proofpoint by 13.0% during the 2nd quarter. Macquarie Group Ltd. now owns 942,966 shares of the software maker’s stock worth $81,878,000 after buying an additional 108,772 shares during the last quarter.

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In other Proofpoint news, CEO Gary Steele sold 40,000 shares of the stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $87.11, for a total transaction of $3,484,400.00. Following the completion of the sale, the chief executive officer now owns 88,551 shares of the company’s stock, valued at approximately $7,713,677.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David Knight sold 3,000 shares of the stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $84.54, for a total transaction of $253,620.00. Following the sale, the executive vice president now directly owns 16,874 shares of the company’s stock, valued at approximately $1,426,527.96. The disclosure for this sale can be found here. Insiders have sold a total of 168,549 shares of company stock valued at $14,937,919 in the last three months. 6.80% of the stock is currently owned by corporate insiders.

Proofpoint, Inc. (NASDAQ PFPT) traded up 0.19% during trading on Thursday, hitting $91.03. 151,556 shares of the stock traded hands. The company has a 50-day moving average price of $89.99 and a 200-day moving average price of $84.96. The stock’s market cap is $4.04 billion. Proofpoint, Inc. has a 12 month low of $68.04 and a 12 month high of $97.00.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. Proofpoint had a negative net margin of 20.96% and a negative return on equity of 140.24%. The company had revenue of $122.30 million during the quarter, compared to analysts’ expectations of $119.58 million. During the same quarter in the prior year, the company earned $0.06 EPS. 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 EPS for the current year.

A number of equities research analysts have recently issued reports on the stock. Northland Securities reaffirmed a “buy” rating and issued a $100.00 target price on shares of Proofpoint in a report on Friday, June 30th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Proofpoint in a report on Friday, June 23rd. Evercore ISI set a $105.00 target price on shares of Proofpoint and gave the company a “buy” rating in a report on Friday, July 28th. Needham & Company LLC assumed coverage on shares of Proofpoint in a report on Friday, July 21st. They issued a “buy” rating and a $115.00 target price on the stock. Finally, Dougherty & Co upped their target price on shares of Proofpoint from $95.00 to $100.00 and gave the company a “buy” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $99.08.

Proofpoint Profile

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.

Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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