FireEye Inc (FEYE) Shares Bought by McGuire Investment Group LLC

McGuire Investment Group LLC increased its stake in FireEye Inc (NASDAQ:FEYE) by 7.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,331 shares of the information security company’s stock after purchasing an additional 5,270 shares during the period. McGuire Investment Group LLC’s holdings in FireEye were worth $1,265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc boosted its stake in FireEye by 3.7% in the 3rd quarter. Vanguard Group Inc now owns 16,137,591 shares of the information security company’s stock worth $274,339,000 after purchasing an additional 579,676 shares during the period. Vanguard Group Inc. boosted its stake in FireEye by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 16,137,591 shares of the information security company’s stock worth $274,339,000 after purchasing an additional 579,676 shares during the period. Two Sigma Investments LP acquired a new position in FireEye in the 4th quarter worth $54,563,000. Fisher Asset Management LLC boosted its stake in FireEye by 0.4% in the 4th quarter. Fisher Asset Management LLC now owns 3,226,328 shares of the information security company’s stock worth $52,299,000 after purchasing an additional 14,285 shares during the period. Finally, Norges Bank acquired a new position in shares of FireEye during the 4th quarter worth about $40,018,000. 73.82% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:FEYE traded up $0.20 on Tuesday, reaching $15.78. 2,754,195 shares of the company’s stock were exchanged, compared to its average volume of 3,672,656. The company has a quick ratio of 2.03, a current ratio of 2.04 and a debt-to-equity ratio of 1.48. The firm has a market cap of $3.14 billion, a PE ratio of -21.92 and a beta of 0.96. FireEye Inc has a twelve month low of $14.20 and a twelve month high of $20.61.

FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Wednesday, February 6th. The information security company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. The business had revenue of $217.53 million for the quarter, compared to analyst estimates of $216.79 million. FireEye had a negative net margin of 29.26% and a negative return on equity of 21.37%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.01 EPS. On average, research analysts expect that FireEye Inc will post -0.51 EPS for the current year.

A number of brokerages have recently issued reports on FEYE. Zacks Investment Research cut shares of FireEye from a “buy” rating to a “hold” rating in a report on Monday, February 4th. BidaskClub cut shares of FireEye from a “buy” rating to a “hold” rating in a report on Friday, January 4th. BTIG Research cut shares of FireEye from a “buy” rating to a “neutral” rating and set a $16.30 target price on the stock. in a report on Thursday, February 7th. Finally, Wedbush dropped their target price on shares of FireEye from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, February 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $19.42.

In related news, EVP Alexa King sold 50,697 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $16.71, for a total transaction of $847,146.87. Following the sale, the executive vice president now owns 508,216 shares in the company, valued at approximately $8,492,289.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Travis M. Reese sold 101,617 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $16.71, for a total transaction of $1,698,020.07. Following the sale, the president now owns 904,097 shares in the company, valued at approximately $15,107,460.87. The disclosure for this sale can be found here. Insiders have sold a total of 208,255 shares of company stock worth $3,479,941 in the last quarter. 2.40% of the stock is currently owned by company insiders.

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FireEye Company Profile

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.

Further Reading: Net Asset Value

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Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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