FireEye, Inc. (NASDAQ:FEYE) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 25,465,511 shares, a drop of 7.5% from the October 13th total of 27,525,288 shares. Based on an average trading volume of 3,009,224 shares, the days-to-cover ratio is currently 8.5 days. Approximately 14.9% of the shares of the stock are sold short.

FireEye (NASDAQ FEYE) opened at $14.21 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.00. FireEye has a 52 week low of $10.35 and a 52 week high of $18.00.

FireEye (NASDAQ:FEYE) last released its earnings results on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. The firm had revenue of $189.60 million for the quarter, compared to analysts’ expectations of $186.41 million. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.71%. FireEye’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.18) EPS. research analysts expect that FireEye will post -1.06 earnings per share for the current year.

In other FireEye news, President Travis M. Reese sold 88,445 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $17.50, for a total transaction of $1,547,787.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alexa King sold 25,000 shares of FireEye stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $18.00, for a total value of $450,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,000 shares of company stock worth $2,200,000. Insiders own 2.40% of the company’s stock.

Several large investors have recently bought and sold shares of FEYE. UBS Asset Management Americas Inc. boosted its position in shares of FireEye by 16.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 96,746 shares of the information security company’s stock valued at $1,220,000 after purchasing an additional 13,814 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of FireEye by 251.1% in the first quarter. PNC Financial Services Group Inc. now owns 13,691 shares of the information security company’s stock worth $173,000 after buying an additional 9,791 shares during the period. Legal & General Group Plc boosted its holdings in shares of FireEye by 195.4% in the first quarter. Legal & General Group Plc now owns 50,030 shares of the information security company’s stock worth $631,000 after buying an additional 33,096 shares during the period. Vanguard Group Inc. boosted its holdings in shares of FireEye by 2.3% in the first quarter. Vanguard Group Inc. now owns 11,660,394 shares of the information security company’s stock worth $147,038,000 after buying an additional 257,120 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of FireEye by 9.5% in the first quarter. Geode Capital Management LLC now owns 1,247,487 shares of the information security company’s stock worth $15,730,000 after buying an additional 108,213 shares during the period. Institutional investors own 67.89% of the company’s stock.

Several research analysts have issued reports on FEYE shares. BTIG Research restated a “buy” rating and set a $18.00 target price (up previously from $17.00) on shares of FireEye in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded FireEye from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Monday, August 7th. Stifel Nicolaus reiterated a “buy” rating on shares of FireEye in a report on Wednesday, July 19th. Evercore ISI set a $20.00 price target on FireEye and gave the company a “buy” rating in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $19.00 price objective on shares of FireEye in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.26.

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FireEye Company Profile

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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