Trillium Asset Management LLC acquired a new position in shares of Proofpoint Inc (NASDAQ:PFPT) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 18,512 shares of the software maker’s stock, valued at approximately $1,899,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in Proofpoint by 58.5% in the first quarter. Bank of New York Mellon Corp now owns 2,076,735 shares of the software maker’s stock valued at $213,053,000 after acquiring an additional 766,608 shares in the last quarter. Champlain Investment Partners LLC bought a new position in Proofpoint in the 4th quarter valued at about $77,735,000. Janus Henderson Group PLC acquired a new stake in Proofpoint in the 4th quarter valued at about $70,529,000. Norges Bank purchased a new stake in Proofpoint during the fourth quarter valued at about $56,275,000. Finally, ArrowMark Colorado Holdings LLC purchased a new stake in Proofpoint during the fourth quarter valued at about $47,194,000. Institutional investors own 96.94% of the company’s stock.

Shares of PFPT stock traded down $1.03 during midday trading on Friday, reaching $115.61. 609,272 shares of the stock were exchanged, compared to its average volume of 686,756. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.33. The firm has a market cap of $6.60 billion, a PE ratio of -37.05 and a beta of 1.41. The company’s 50 day moving average is $114.69 and its two-hundred day moving average is $116.61. Proofpoint Inc has a 1 year low of $83.81 and a 1 year high of $133.58.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Thursday, May 7th. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.11. The business had revenue of $249.77 million for the quarter, compared to analysts’ expectations of $245.52 million. Proofpoint had a negative return on equity of 10.09% and a negative net margin of 18.85%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS. As a group, equities analysts expect that Proofpoint Inc will post -1.11 EPS for the current fiscal year.

Several research firms have recently weighed in on PFPT. Wedbush increased their price objective on Proofpoint from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Northland Securities reiterated a “buy” rating and issued a $145.00 price objective on shares of Proofpoint in a research report on Friday, May 8th. Oppenheimer reiterated a “hold” rating on shares of Proofpoint in a report on Friday, May 8th. Cowen cut their target price on Proofpoint from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Finally, BidaskClub cut Proofpoint from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 4th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $140.73.

In other news, EVP David Knight sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $100.12, for a total transaction of $250,300.00. Following the completion of the transaction, the executive vice president now owns 17,118 shares in the company, valued at $1,713,854.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary Steele sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $116.85, for a total value of $2,337,000.00. Following the transaction, the chief executive officer now owns 144,866 shares of the company’s stock, valued at approximately $16,927,592.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,728 shares of company stock worth $7,221,895. 2.93% of the stock is owned by insiders.

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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