Mutual of America Capital Management LLC trimmed its position in shares of Proofpoint Inc (NASDAQ:PFPT) by 21.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,363 shares of the software maker’s stock after selling 20,839 shares during the period. Mutual of America Capital Management LLC owned 0.14% of Proofpoint worth $8,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wasatch Advisors Inc. grew its holdings in shares of Proofpoint by 40.0% during the 3rd quarter. Wasatch Advisors Inc. now owns 992,935 shares of the software maker’s stock valued at $105,579,000 after acquiring an additional 283,598 shares in the last quarter. FMR LLC grew its holdings in shares of Proofpoint by 22.2% during the 3rd quarter. FMR LLC now owns 1,516,931 shares of the software maker’s stock valued at $161,295,000 after acquiring an additional 276,000 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Proofpoint by 963.5% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 292,737 shares of the software maker’s stock valued at $31,127,000 after acquiring an additional 265,210 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Proofpoint by 65.5% during the 3rd quarter. Alliancebernstein L.P. now owns 639,179 shares of the software maker’s stock valued at $67,964,000 after acquiring an additional 252,855 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Proofpoint by 73.3% during the 2nd quarter. Jennison Associates LLC now owns 575,544 shares of the software maker’s stock valued at $66,366,000 after acquiring an additional 243,380 shares in the last quarter. Hedge funds and other institutional investors own 97.81% of the company’s stock.

Several research firms have recently commented on PFPT. Zacks Investment Research restated a “hold” rating on shares of Proofpoint in a report on Wednesday, November 14th. Morgan Stanley lowered their price target on shares of Proofpoint from $134.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Goldman Sachs Group upgraded shares of Proofpoint from a “neutral” rating to a “buy” rating and set a $114.00 price target on the stock in a report on Monday, October 29th. JMP Securities lowered their price target on shares of Proofpoint from $145.00 to $115.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. Finally, Wells Fargo & Co lowered their price target on shares of Proofpoint from $150.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Proofpoint currently has a consensus rating of “Buy” and an average target price of $125.05.

Shares of NASDAQ:PFPT opened at $92.57 on Thursday. The firm has a market capitalization of $5.06 billion, a P/E ratio of -70.66 and a beta of 1.46. Proofpoint Inc has a 1 year low of $75.92 and a 1 year high of $130.27.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Thursday, October 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.73. The firm had revenue of $184.18 million during the quarter, compared to analysts’ expectations of $181.69 million. Proofpoint had a negative net margin of 14.08% and a negative return on equity of 11.86%. On average, analysts anticipate that Proofpoint Inc will post -1.14 EPS for the current fiscal year.

In other Proofpoint news, EVP Bhagwat Swaroop sold 1,386 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $104.45, for a total transaction of $144,767.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary Steele sold 50,000 shares of the business’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $95.31, for a total transaction of $4,765,500.00. The disclosure for this sale can be found here. Insiders sold 102,886 shares of company stock valued at $9,996,618 over the last quarter. 5.96% of the stock is currently owned by corporate insiders.

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Proofpoint Profile

Proofpoint, Inc operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ‘drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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