William Blair Investment Management LLC decreased its holdings in shares of Proofpoint, Inc. (NASDAQ:PFPT) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 937,307 shares of the software maker’s stock after selling 11,165 shares during the quarter. William Blair Investment Management LLC’s holdings in Proofpoint were worth $127,858,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. ProShare Advisors LLC lifted its stake in Proofpoint by 8.5% during the fourth quarter. ProShare Advisors LLC now owns 2,770 shares of the software maker’s stock worth $378,000 after purchasing an additional 216 shares during the last quarter. Pragma Gestao DE Patrimonio Ltd. lifted its stake in Proofpoint by 15.4% in the fourth quarter. Pragma Gestao DE Patrimonio Ltd. now owns 75,000 shares of the software maker’s stock valued at $10,231,000 after buying an additional 10,000 shares during the last quarter. Vident Investment Advisory LLC lifted its stake in Proofpoint by 76.5% in the fourth quarter. Vident Investment Advisory LLC now owns 3,429 shares of the software maker’s stock valued at $468,000 after buying an additional 1,486 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Proofpoint by 22.1% in the fourth quarter. Alliancebernstein L.P. now owns 1,110,599 shares of the software maker’s stock valued at $151,497,000 after buying an additional 201,136 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in Proofpoint by 2.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 73,553 shares of the software maker’s stock valued at $10,033,000 after buying an additional 1,672 shares during the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

PFPT has been the subject of a number of research reports. Truist boosted their price objective on Proofpoint from $135.00 to $155.00 in a research note on Wednesday, January 27th. Smith Barney Citigroup assumed coverage on Proofpoint in a research note on Tuesday, November 17th. They set an “outperform” rating and a $122.00 price target for the company. Summit Insights cut Proofpoint from a “buy” rating to a “hold” rating and cut their price target for the stock from $140.00 to $100.00 in a research note on Monday, November 2nd. TheStreet upgraded Proofpoint from a “d+” rating to a “c-” rating in a research note on Monday, December 28th. Finally, Mizuho upped their price target on Proofpoint from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 12th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $139.85.

Shares of NASDAQ:PFPT opened at $132.55 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.35. Proofpoint, Inc. has a 52-week low of $83.81 and a 52-week high of $140.91. The stock’s fifty day simple moving average is $134.44 and its 200-day simple moving average is $115.52. The company has a market capitalization of $7.65 billion, a P/E ratio of -48.20 and a beta of 1.25.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Thursday, February 4th. The software maker reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.76. Proofpoint had a negative return on equity of 6.63% and a negative net margin of 15.46%. On average, sell-side analysts anticipate that Proofpoint, Inc. will post -0.52 earnings per share for the current year.

In other news, CFO Paul R. Auvil III sold 24,480 shares of the firm’s stock in a transaction dated Friday, December 18th. The stock was sold at an average price of $130.02, for a total value of $3,182,889.60. Following the transaction, the chief financial officer now directly owns 103,149 shares in the company, valued at approximately $13,411,432.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ashan Willy sold 595 shares of the firm’s stock in a transaction dated Saturday, January 16th. The stock was sold at an average price of $137.83, for a total value of $82,008.85. Following the completion of the transaction, the executive vice president now owns 2,966 shares in the company, valued at $408,803.78. The disclosure for this sale can be found here. Insiders have sold 55,075 shares of company stock worth $7,199,798 over the last quarter. 2.93% of the stock is currently owned by company 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 Â’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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