Treasurer of the State of North Carolina boosted its stake in Proofpoint Inc (NASDAQ:PFPT) by 9.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,887 shares of the software maker’s stock after purchasing an additional 2,025 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Proofpoint were worth $2,752,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Ashburton Jersey Ltd bought a new position in shares of Proofpoint in the 2nd quarter worth approximately $60,000. AlphaOne Investment Services LLC bought a new position in shares of Proofpoint in the 2nd quarter worth approximately $72,000. Shine Investment Advisory Services Inc. lifted its stake in shares of Proofpoint by 82.8% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 607 shares of the software maker’s stock worth $73,000 after purchasing an additional 275 shares during the period. Rehmann Capital Advisory Group lifted its stake in shares of Proofpoint by 72.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 786 shares of the software maker’s stock worth $95,000 after purchasing an additional 329 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of Proofpoint in the 2nd quarter worth approximately $96,000. 94.16% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PFPT opened at $126.00 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.67 and a quick ratio of 0.66. Proofpoint Inc has a 1 year low of $75.92 and a 1 year high of $133.00. The company has a 50 day simple moving average of $122.62 and a two-hundred day simple moving average of $120.36. The firm has a market cap of $7.01 billion, a P/E ratio of -109.57 and a beta of 1.66.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings data on Thursday, July 25th. The software maker reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). Proofpoint had a negative net margin of 14.31% and a negative return on equity of 11.24%. The company had revenue of $214.40 million for the quarter, compared to analysts’ expectations of $211.33 million. During the same period last year, the business earned $0.26 earnings per share. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Proofpoint Inc will post -0.8 earnings per share for the current year.

In other Proofpoint news, EVP Bhagwat Swaroop sold 987 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $117.03, for a total transaction of $115,508.61. Following the completion of the sale, the executive vice president now directly owns 553 shares of the company’s stock, valued at approximately $64,717.59. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David Knight sold 2,500 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $128.03, for a total transaction of $320,075.00. Following the sale, the executive vice president now directly owns 7,328 shares of the company’s stock, valued at $938,203.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,044 shares of company stock valued at $9,773,302. Insiders own 2.93% of the company’s stock.

Several equities analysts have recently weighed in on PFPT shares. BidaskClub upgraded shares of Proofpoint from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Evercore ISI set a $150.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a research note on Friday, July 26th. Piper Jaffray Companies raised their target price on shares of Proofpoint from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Royal Bank of Canada set a $150.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Wedbush raised their target price on shares of Proofpoint from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $139.08.

About Proofpoint

Proofpoint, Inc operates as a security-as-a-service 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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