Proofpoint (NASDAQ:PFPT) had its target price hoisted by Stifel Nicolaus from $100.00 to $115.00 in a research note issued to investors on Wednesday morning, Marketbeat reports. Stifel Nicolaus currently has a buy rating on the software maker’s stock.

PFPT has been the topic of several other reports. Zacks Investment Research raised shares of Proofpoint from a hold rating to a buy rating and set a $102.00 price target on the stock in a report on Wednesday, December 27th. Monness Crespi & Hardt reaffirmed a buy rating and set a $115.00 price target (up from $110.00) on shares of Proofpoint in a report on Wednesday. Piper Jaffray Companies set a $100.00 price target on shares of Proofpoint and gave the company a buy rating in a report on Sunday, October 15th. BidaskClub raised shares of Proofpoint from a hold rating to a buy rating in a report on Friday, December 22nd. Finally, Evercore ISI set a $105.00 price target on shares of Proofpoint and gave the company a buy rating in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $107.63.

Proofpoint (NASDAQ:PFPT) opened at $99.92 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 11.57. Proofpoint has a 1-year low of $70.30 and a 1-year high of $104.62. The company has a market cap of $4,599.15, a PE ratio of -52.31 and a beta of 1.39.

Proofpoint (NASDAQ:PFPT) last released its earnings results on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, beating the consensus estimate of $0.21 by $0.08. The firm had revenue of $145.40 million for the quarter, compared to analyst estimates of $139.61 million. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 131.99%. The business’s quarterly revenue was up 36.1% compared to the same quarter last year. During the same period last year, the firm earned $0.18 EPS. equities research analysts predict that Proofpoint will post -0.86 earnings per share for the current year.

In other Proofpoint news, EVP Tracey Newell sold 8,183 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $96.54, for a total transaction of $789,986.82. Following the sale, the executive vice president now directly owns 23,376 shares of the company’s stock, valued at approximately $2,256,719.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Knight sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $88.99, for a total transaction of $266,970.00. Following the sale, the executive vice president now directly owns 16,874 shares in the company, valued at $1,501,617.26. The disclosure for this sale can be found here. Insiders have sold a total of 165,549 shares of company stock worth $14,900,426 over the last three months. Insiders own 5.96% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Balter Liquid Alternatives LLC acquired a new position in shares of Proofpoint in the 4th quarter worth approximately $407,000. Sigma Planning Corp acquired a new position in shares of Proofpoint in the 4th quarter worth approximately $238,000. Swiss National Bank lifted its position in shares of Proofpoint by 3.4% in the 4th quarter. Swiss National Bank now owns 75,652 shares of the software maker’s stock worth $6,719,000 after purchasing an additional 2,500 shares during the period. Lisanti Capital Growth LLC lifted its position in shares of Proofpoint by 20.4% in the 4th quarter. Lisanti Capital Growth LLC now owns 21,083 shares of the software maker’s stock worth $1,872,000 after purchasing an additional 3,565 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of Proofpoint by 3.0% in the 4th quarter. California Public Employees Retirement System now owns 92,019 shares of the software maker’s stock worth $8,172,000 after purchasing an additional 2,700 shares during the period.

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About Proofpoint

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.

Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

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