Sigma Planning Corp purchased a new stake in shares of Proofpoint Inc (NASDAQ:PFPT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,680 shares of the software maker’s stock, valued at approximately $238,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PFPT. Dimensional Fund Advisors LP increased its holdings in Proofpoint by 433.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,440 shares of the software maker’s stock worth $2,556,000 after buying an additional 23,917 shares in the last quarter. Gotham Asset Management LLC bought a new stake in Proofpoint in the 2nd quarter worth about $222,000. State Street Corp increased its holdings in Proofpoint by 7.6% in the 2nd quarter. State Street Corp now owns 851,530 shares of the software maker’s stock worth $73,938,000 after buying an additional 60,236 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Proofpoint by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,960 shares of the software maker’s stock worth $2,862,000 after buying an additional 1,554 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Proofpoint in the 2nd quarter worth about $253,000.
In other news, EVP David Knight sold 3,000 shares of Proofpoint stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $85.47, for a total transaction of $256,410.00. Following the transaction, the executive vice president now directly owns 15,305 shares of the company’s stock, valued at approximately $1,308,118.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary Steele sold 40,000 shares of Proofpoint stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $86.28, for a total value of $3,451,200.00. Following the transaction, the chief executive officer now directly owns 88,551 shares in the company, valued at $7,640,180.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 150,266 shares of company stock worth $13,999,688. Insiders own 5.96% of the company’s stock.
Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.08. Proofpoint had a negative return on equity of 131.99% and a negative net margin of 16.37%. The firm had revenue of $145.40 million for the quarter, compared to analysts’ expectations of $139.61 million. During the same period in the previous year, the firm earned $0.18 EPS. The business’s quarterly revenue was up 36.1% on a year-over-year basis. equities research analysts anticipate that Proofpoint Inc will post -0.91 earnings per share for the current fiscal year.
PFPT has been the subject of several research analyst reports. Oppenheimer initiated coverage on Proofpoint in a report on Wednesday, November 1st. They issued a “market perform” rating for the company. Zacks Investment Research upgraded Proofpoint from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a report on Wednesday, December 27th. KeyCorp reiterated a “neutral” rating on shares of Proofpoint in a report on Friday, November 24th. Robert W. Baird reiterated a “hold” rating and issued a $100.00 price objective on shares of Proofpoint in a report on Tuesday, November 7th. Finally, Evercore ISI reiterated a “buy” rating and issued a $105.00 price objective on shares of Proofpoint in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $107.63.
Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.
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