Proofpoint (NASDAQ:PFPT) Earns “Outperform” Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Proofpoint (NASDAQ:PFPT) in a report published on Friday morning, RTT News reports. They currently have a $138.00 target price on the software maker’s stock.

A number of other equities analysts have also commented on PFPT. Northland Securities boosted their price target on shares of Paycom Software from $215.00 to $275.00 and gave the company an outperform rating in a research report on Tuesday, July 9th. KeyCorp boosted their price target on shares of T-Mobile Us from $76.00 to $88.00 and gave the company an overweight rating in a research report on Friday, April 26th. Morgan Stanley set a $10.00 price target on shares of Ford Motor and gave the company a hold rating in a research report on Friday, April 26th. Wells Fargo & Co set a $95.00 price target on shares of Westinghouse Air Brake Technologies and gave the company a buy rating in a research report on Friday, April 26th. Finally, Deutsche Bank reduced their price target on shares of Xilinx from $125.00 to $120.00 and set a hold rating on the stock in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Proofpoint presently has a consensus rating of Buy and a consensus price target of $131.60.

NASDAQ:PFPT opened at $125.76 on Friday. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of -109.36 and a beta of 1.68. Proofpoint has a 12 month low of $75.92 and a 12 month high of $131.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.79 and a current ratio of 0.79. The company has a 50-day moving average price of $117.09.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, April 25th. The software maker reported ($0.33) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.33). The firm had revenue of $202.90 million for the quarter, compared to analyst estimates of $199.32 million. Proofpoint had a negative net margin of 15.82% and a negative return on equity of 13.93%. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. Analysts expect that Proofpoint will post -0.82 earnings per share for the current fiscal year.

In related news, SVP Robert Darren Lee sold 2,615 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $107.83, for a total transaction of $281,975.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul R. Auvil III sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $120.86, for a total transaction of $3,625,800.00. Following the sale, the chief financial officer now directly owns 106,208 shares of the company’s stock, valued at $12,836,298.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,885 shares of company stock valued at $13,399,913. Insiders own 2.93% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Machina Capital S.A.S. lifted its stake in Proofpoint by 692.2% in the second quarter. Machina Capital S.A.S. now owns 1,426 shares of the software maker’s stock valued at $171,000 after acquiring an additional 1,246 shares during the last quarter. Foundry Partners LLC lifted its stake in Proofpoint by 3.3% in the second quarter. Foundry Partners LLC now owns 3,055 shares of the software maker’s stock valued at $367,000 after acquiring an additional 98 shares during the last quarter. Oakbrook Investments LLC acquired a new stake in Proofpoint in the second quarter valued at $355,000. Polianta Ltd acquired a new stake in Proofpoint in the second quarter valued at $1,130,000. Finally, AdvisorNet Financial Inc lifted its stake in Proofpoint by 23.9% in the second quarter. AdvisorNet Financial Inc now owns 1,295 shares of the software maker’s stock valued at $156,000 after acquiring an additional 250 shares during the last quarter. 95.26% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

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