Northern Trust Corp lifted its stake in FireEye, Inc. (NASDAQ:FEYE) by 30.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 937,251 shares of the information security company’s stock after acquiring an additional 220,537 shares during the period. Northern Trust Corp owned approximately 0.53% of FireEye worth $14,256,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Fortaleza Asset Management Inc. purchased a new stake in shares of FireEye in the second quarter worth $142,000. FNY Partners Fund LP raised its position in shares of FireEye by 900.0% in the second quarter. FNY Partners Fund LP now owns 10,000 shares of the information security company’s stock worth $152,000 after buying an additional 9,000 shares in the last quarter. Sigma Planning Corp raised its position in shares of FireEye by 2.5% in the second quarter. Sigma Planning Corp now owns 10,759 shares of the information security company’s stock worth $164,000 after buying an additional 266 shares in the last quarter. Aperio Group LLC purchased a new stake in shares of FireEye in the second quarter worth $185,000. Finally, TRUE Private Wealth Advisors raised its position in shares of FireEye by 10.4% in the second quarter. TRUE Private Wealth Advisors now owns 12,720 shares of the information security company’s stock worth $193,000 after buying an additional 1,200 shares in the last quarter. 68.16% of the stock is owned by hedge funds and other institutional investors.
In other FireEye news, President Travis M. Reese sold 88,445 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $17.50, for a total value of $1,547,787.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Travis M. Reese sold 11,555 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $17.50, for a total transaction of $202,212.50. Following the completion of the transaction, the president now owns 508,210 shares in the company, valued at $8,893,675. The disclosure for this sale can be found here. Insiders sold a total of 125,000 shares of company stock worth $2,200,000 over the last three months. 2.40% of the stock is currently owned by corporate insiders.
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FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Wednesday, November 1st. The information security company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.03. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The company had revenue of $189.60 million for the quarter, compared to analyst estimates of $186.41 million. During the same period in the prior year, the company posted ($0.18) EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis.
A number of brokerages recently issued reports on FEYE. BMO Capital Markets reiterated a “market perform” rating and issued a $17.00 price objective (up previously from $15.00) on shares of FireEye in a research report on Tuesday, August 8th. BTIG Research reiterated a “buy” rating and issued a $18.00 price objective (up previously from $17.00) on shares of FireEye in a research report on Tuesday, August 8th. KeyCorp reiterated a “hold” rating on shares of FireEye in a research report on Friday, October 27th. Evercore ISI set a $20.00 price objective on FireEye and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, Deutsche Bank AG increased their price objective on FireEye from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $17.13.
FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).
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