GLG Partners LP Purchases New Position in FireEye, Inc. (FEYE)
GLG Partners LP purchased a new stake in FireEye, Inc. (NASDAQ:FEYE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,000 shares of the information security company’s stock, valued at approximately $319,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Exencial Wealth Advisors LLC increased its holdings in FireEye by 0.7% in the second quarter. Exencial Wealth Advisors LLC now owns 15,330 shares of the information security company’s stock valued at $233,000 after purchasing an additional 100 shares during the period. Cutter & CO Brokerage Inc. increased its holdings in FireEye by 1.4% in the second quarter. Cutter & CO Brokerage Inc. now owns 14,400 shares of the information security company’s stock valued at $219,000 after purchasing an additional 200 shares during the period. Sigma Planning Corp increased its holdings in FireEye by 2.5% in the second quarter. Sigma Planning Corp now owns 10,759 shares of the information security company’s stock valued at $164,000 after purchasing an additional 266 shares during the period. Teacher Retirement System of Texas increased its holdings in FireEye by 5.5% in the second quarter. Teacher Retirement System of Texas now owns 12,925 shares of the information security company’s stock valued at $197,000 after purchasing an additional 670 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in FireEye by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 216,202 shares of the information security company’s stock valued at $3,289,000 after purchasing an additional 682 shares during the period. Institutional investors own 67.59% of the company’s stock.
FireEye, Inc. (NASDAQ FEYE) opened at 17.73 on Thursday. The company’s market cap is $3.23 billion. FireEye, Inc. has a 12 month low of $10.35 and a 12 month high of $17.78. The company has a 50-day moving average of $15.82 and a 200 day moving average of $14.65.
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, topping the Zacks’ consensus estimate of ($0.39) by $0.13. The business had revenue of $185.50 million for the quarter, compared to analysts’ expectations of $176.39 million. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.33) earnings per share. On average, equities analysts forecast that FireEye, Inc. will post ($0.21) earnings per share for the current fiscal year.
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A number of research firms recently weighed in on FEYE. Zacks Investment Research downgraded FireEye from a “buy” rating to a “hold” rating in a report on Tuesday. Piper Jaffray Companies restated a “hold” rating and issued a $18.50 price objective on shares of FireEye in a report on Tuesday, September 26th. Bank of America Corporation increased their price objective on FireEye from $18.00 to $21.00 and gave the company a “buy” rating in a report on Monday, September 25th. Vetr upgraded FireEye from a “hold” rating to a “strong-buy” rating and set a $22.32 price objective for the company in a report on Monday, September 18th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $23.00 price objective on shares of FireEye in a report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.95.
In other FireEye news, President Travis M. Reese sold 11,555 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $17.50, for a total value of $202,212.50. Following the sale, the president now owns 508,210 shares in the company, valued at $8,893,675. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Alexa King sold 69,884 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the completion of the sale, the executive vice president now owns 428,733 shares in the company, valued at approximately $6,199,479.18. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.
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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