BidaskClub upgraded shares of FireEye (NASDAQ:FEYE) from a strong sell rating to a sell rating in a research note released on Friday morning.
Several other research firms have also issued reports on FEYE. Cowen reissued a hold rating and issued a $15.00 price target on shares of FireEye in a research report on Thursday, October 12th. Northland Securities set a $22.00 price target on shares of FireEye and gave the stock a buy rating in a research report on Thursday, October 12th. BMO Capital Markets reissued a hold rating and issued a $17.00 price target on shares of FireEye in a research report on Thursday, October 5th. Oppenheimer reaffirmed a buy rating and set a $23.00 price objective on shares of FireEye in a research note on Monday, September 18th. Finally, Standpoint Research cut shares of FireEye from a buy rating to a hold rating and set a $18.00 price objective on the stock. in a research note on Monday, September 18th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. FireEye currently has a consensus rating of Hold and a consensus target price of $17.22.
FireEye (FEYE) traded down $0.19 during trading hours on Friday, reaching $14.81. 1,241,249 shares of the company traded hands, compared to its average volume of 2,730,000. FireEye has a 52-week low of $10.35 and a 52-week high of $18.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98. The firm has a market capitalization of $2,740.00, a price-to-earnings ratio of -8.92 and a beta of 0.52.
In other news, Director Ronald E. F. Codd sold 6,767 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $13.57, for a total transaction of $91,828.19. Following the sale, the director now directly owns 7,099 shares of the company’s stock, valued at $96,333.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its stake in shares of FireEye by 30.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock valued at $101,000 after purchasing an additional 1,528 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in FireEye in the third quarter valued at approximately $129,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in FireEye by 15.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock valued at $141,000 after acquiring an additional 1,252 shares during the last quarter. FNY Partners Fund LP boosted its stake in FireEye by 900.0% in the second quarter. FNY Partners Fund LP now owns 10,000 shares of the information security company’s stock valued at $152,000 after acquiring an additional 9,000 shares during the last quarter. Finally, Exane Derivatives bought a new position in FireEye in the third quarter valued at approximately $168,000. 68.33% of the stock is currently owned by institutional investors and hedge funds.
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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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