Migdal Insurance & Financial Holdings Ltd. grew its stake in Proofpoint, Inc. (NASDAQ:PFPT) by 17.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,724 shares of the software maker’s stock after buying an additional 409 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Proofpoint were worth $235,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PFPT. Nomura Holdings Inc. purchased a new position in shares of Proofpoint in the 1st quarter valued at about $394,000. Credit Agricole S A purchased a new position in shares of Proofpoint in the 1st quarter valued at about $871,000. Federated Investors Inc. PA increased its stake in shares of Proofpoint by 63.8% in the 2nd quarter. Federated Investors Inc. PA now owns 85,435 shares of the software maker’s stock valued at $7,419,000 after purchasing an additional 33,290 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Proofpoint by 20.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,786,122 shares of the software maker’s stock valued at $241,919,000 after purchasing an additional 472,407 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in shares of Proofpoint in the 2nd quarter valued at about $285,000.

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In other Proofpoint news, EVP Tracey Newell sold 8,183 shares of Proofpoint stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $88.59, for a total value of $724,931.97. Following the completion of the sale, the executive vice president now directly owns 25,762 shares of the company’s stock, valued at approximately $2,282,255.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary Steele sold 40,000 shares of Proofpoint stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $89.54, for a total transaction of $3,581,600.00. Following the completion of the sale, the chief executive officer now directly owns 88,551 shares of the company’s stock, valued at $7,928,856.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,549 shares of company stock valued at $15,179,369. Corporate insiders own 6.80% of the company’s stock.

Several equities analysts recently weighed in on PFPT shares. Dougherty & Co lifted their price target on Proofpoint from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Evercore ISI set a $105.00 price target on Proofpoint and gave the company a “buy” rating in a research note on Friday, July 28th. Stifel Nicolaus restated a “buy” rating and issued a $90.00 price target on shares of Proofpoint in a research note on Tuesday, July 25th. Needham & Company LLC started coverage on Proofpoint in a research note on Friday, July 21st. They issued a “buy” rating and a $115.00 price target for the company. Finally, Northland Securities restated a “buy” rating and issued a $100.00 price target on shares of Proofpoint in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $99.08.

Proofpoint, Inc. (NASDAQ:PFPT) traded down 0.35% during midday trading on Wednesday, hitting $92.35. The stock had a trading volume of 36,301 shares. The stock has a 50-day moving average price of $90.57 and a 200 day moving average price of $85.49. Proofpoint, Inc. has a 12-month low of $68.04 and a 12-month high of $97.00. The firm’s market cap is $4.10 billion.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Thursday, July 27th. The software maker reported $0.17 earnings per share for the quarter, topping 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 business had revenue of $122.30 million during the quarter, compared to analysts’ expectations of $119.58 million. During the same period last year, the company posted $0.06 EPS. The company’s revenue was up 36.0% on a year-over-year basis. On average, equities analysts anticipate that Proofpoint, Inc. will post $0.65 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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