Perkins Capital Management Inc. acquired a new stake in shares of FireEye, Inc. (NASDAQ:FEYE) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,735 shares of the information security company’s stock, valued at approximately $214,000.
Other large investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its stake in FireEye by 13.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 243,614 shares of the information security company’s stock valued at $3,705,000 after purchasing an additional 28,450 shares in the last quarter. Unterberg Capital LLC bought a new stake in FireEye during the 2nd quarter valued at about $4,031,000. Canada Pension Plan Investment Board increased its stake in FireEye by 31.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 68,700 shares of the information security company’s stock valued at $1,045,000 after purchasing an additional 16,600 shares in the last quarter. Paloma Partners Management Co bought a new stake in FireEye during the 1st quarter valued at about $1,202,000. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of FireEye by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 563,845 shares of the information security company’s stock worth $8,577,000 after acquiring an additional 7,877 shares during the period. Institutional investors and hedge funds own 68.16% of the company’s stock.
FEYE has been the subject of a number of research analyst reports. Morgan Stanley upgraded shares of FireEye from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $13.00 to $19.00 in a research note on Thursday, September 7th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $19.00 price target on shares of FireEye in a research note on Wednesday, August 23rd. Bank of America Corporation lifted their price target on shares of FireEye from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, September 25th. Stephens upgraded shares of FireEye from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $16.00 to $22.00 in a research note on Monday, September 11th. Finally, Vetr upgraded shares of FireEye from a “buy” rating to a “strong-buy” rating and set a $17.53 price target for the company in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, twenty have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $17.16.
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FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Wednesday, November 1st. The information security company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $189.60 million for the quarter, compared to analyst estimates of $186.41 million. FireEye had a negative return on equity of 23.37% and a negative net margin of 39.29%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.18) EPS.
In other FireEye news, President Travis M. Reese sold 88,445 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $17.50, for a total value of $1,547,787.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Alexa King sold 25,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $18.00, for a total value of $450,000.00. The disclosure for this sale can be found here. Insiders sold a total of 125,000 shares of company stock worth $2,200,000 in the last 90 days. 2.40% of the stock is currently owned by insiders.
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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