Deutsche Bank AG Sells 174,352 Shares of Proofpoint Inc (PFPT)

Deutsche Bank AG cut its stake in shares of Proofpoint Inc (NASDAQ:PFPT) by 55.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,183 shares of the software maker’s stock after selling 174,352 shares during the quarter. Deutsche Bank AG’s holdings in Proofpoint were worth $11,832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Proofpoint by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,460,432 shares of the software maker’s stock worth $474,277,000 after buying an additional 137,876 shares during the period. Vanguard Group Inc lifted its holdings in Proofpoint by 3.2% during the 3rd quarter. Vanguard Group Inc now owns 4,460,432 shares of the software maker’s stock worth $474,277,000 after buying an additional 137,876 shares during the period. BlackRock Inc. lifted its stake in shares of Proofpoint by 1.0% in the 3rd quarter. BlackRock Inc. now owns 2,488,546 shares of the software maker’s stock valued at $264,607,000 after purchasing an additional 25,562 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of Proofpoint by 149.9% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,812,611 shares of the software maker’s stock valued at $192,735,000 after purchasing an additional 1,087,297 shares during the period. Finally, FMR LLC lifted its stake in shares of Proofpoint by 9.5% in the 4th quarter. FMR LLC now owns 1,661,727 shares of the software maker’s stock valued at $139,269,000 after purchasing an additional 144,796 shares during the period. 95.85% of the stock is currently owned by hedge funds and other institutional investors.

In other Proofpoint news, EVP Bhagwat Swaroop sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $118.09, for a total transaction of $118,090.00. Following the completion of the sale, the executive vice president now directly owns 3,451 shares of the company’s stock, valued at approximately $407,528.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Knight sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $122.16, for a total value of $183,240.00. Following the sale, the executive vice president now directly owns 18,089 shares of the company’s stock, valued at $2,209,752.24. The disclosure for this sale can be found here. Insiders have sold a total of 102,958 shares of company stock valued at $12,333,570 over the last three months. Corporate insiders own 3.37% of the company’s stock.

A number of brokerages have recently issued reports on PFPT. BidaskClub raised Proofpoint from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Mizuho started coverage on Proofpoint in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $120.00 price objective on the stock. Bank of America started coverage on Proofpoint in a research report on Friday, April 12th. They issued a “buy” rating and a $155.00 target price for the company. Wedbush reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Proofpoint in a research report on Friday, April 12th. Finally, KeyCorp boosted their target price on Proofpoint from $120.00 to $136.00 and gave the company an “overweight” rating in a research report on Monday, February 25th. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $126.68.

Shares of PFPT opened at $123.81 on Wednesday. Proofpoint Inc has a 52 week low of $75.92 and a 52 week high of $130.27.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Thursday, January 31st. The software maker reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.15. The firm had revenue of $198.48 million during the quarter, compared to analyst estimates of $192.92 million. Proofpoint had a negative return on equity of 12.20% and a negative net margin of 14.47%. On average, research analysts predict that Proofpoint Inc will post -1.18 earnings per share for the current fiscal year.

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Proofpoint Company Profile

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 ‘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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