Boston Advisors LLC bought a new position in shares of FireEye, Inc. (NASDAQ:FEYE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 696,335 shares of the information security company’s stock, valued at approximately $10,591,000. Boston Advisors LLC owned 0.39% of FireEye at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in FEYE. Bank of Montreal Can increased its stake in FireEye by 37.4% in the first quarter. Bank of Montreal Can now owns 7,887 shares of the information security company’s stock worth $100,000 after buying an additional 2,147 shares during the last quarter. Searle & CO. bought a new stake in FireEye during the fourth quarter worth $129,000. Sigma Planning Corp bought a new stake in FireEye during the first quarter worth $132,000. US Bancorp DE increased its stake in FireEye by 271.0% in the first quarter. US Bancorp DE now owns 10,662 shares of the information security company’s stock worth $135,000 after buying an additional 7,788 shares during the last quarter. Finally, TRUE Private Wealth Advisors increased its stake in FireEye by 13.8% in the first quarter. TRUE Private Wealth Advisors now owns 11,520 shares of the information security company’s stock worth $142,000 after buying an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 67.16% of the company’s stock.
Shares of FireEye, Inc. (FEYE) traded down 1.74% on Tuesday, reaching $14.14. The company’s stock had a trading volume of 4,720,888 shares. FireEye, Inc. has a 12-month low of $10.35 and a 12-month high of $16.40. The company’s 50 day moving average price is $15.34 and its 200 day moving average price is $13.48. The company’s market cap is $2.50 billion.
FireEye (NASDAQ:FEYE) last posted its earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.13. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The firm had revenue of $185.50 million for the quarter, compared to the consensus estimate of $176.39 million. During the same quarter in the prior year, the business earned ($0.33) EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts forecast that FireEye, Inc. will post ($0.22) EPS for the current fiscal year.
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FEYE has been the subject of a number of recent analyst reports. Vetr downgraded FireEye from a “strong-buy” rating to a “buy” rating and set a $16.36 target price for the company. in a research report on Monday, May 8th. Evercore ISI reiterated a “buy” rating and set a $16.00 target price (up from $14.00) on shares of FireEye in a research report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $17.00 target price (up from $15.00) on shares of FireEye in a research report on Wednesday, May 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $20.00 target price (up from $17.00) on shares of FireEye in a research report on Wednesday, May 3rd. Finally, BTIG Research reiterated a “buy” rating and set a $18.00 target price (up from $17.00) on shares of FireEye in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.97.
In other FireEye news, EVP Alexa King sold 69,884 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the transaction, the executive vice president now owns 428,733 shares in the company, valued at approximately $6,199,479.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.
FireEye Company Profile
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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