Vanguard Group Inc. increased its position in shares of Proofpoint, Inc. (NASDAQ:PFPT) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,314,857 shares of the software maker’s stock after buying an additional 207,412 shares during the period. Vanguard Group Inc. owned 7.60% of Proofpoint worth $246,493,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System raised its position in Proofpoint by 0.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 22,409 shares of the software maker’s stock worth $1,583,000 after buying an additional 180 shares in the last quarter. State Street Corp increased its stake in shares of Proofpoint by 0.4% in the fourth quarter. State Street Corp now owns 765,926 shares of the software maker’s stock worth $54,114,000 after buying an additional 3,380 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Proofpoint during the fourth quarter worth approximately $721,000. AQR Capital Management LLC increased its stake in shares of Proofpoint by 25.5% in the fourth quarter. AQR Capital Management LLC now owns 11,923 shares of the software maker’s stock worth $842,000 after buying an additional 2,426 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Proofpoint by 242.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,578 shares of the software maker’s stock worth $113,000 after buying an additional 1,117 shares during the last quarter.
Proofpoint, Inc. (PFPT) opened at 84.47 on Tuesday. Proofpoint, Inc. has a 12 month low of $64.62 and a 12 month high of $94.33. The stock has a 50 day moving average price of $86.61 and a 200 day moving average price of $79.84. The stock’s market capitalization is $3.69 billion.
Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, April 20th. The software maker reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $113.30 million during the quarter, compared to analyst estimates of $110.60 million. Proofpoint had a negative return on equity of 126.46% and a negative net margin of 25.63%. Proofpoint’s revenue was up 43.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.09) EPS. On average, equities research analysts forecast that Proofpoint, Inc. will post $0.59 earnings per share for the current fiscal year.
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PFPT has been the subject of a number of research analyst reports. Goldman Sachs Group, Inc. (The) downgraded Proofpoint from a “neutral” rating to a “sell” rating and set a $69.00 price target for the company. in a research report on Thursday, March 23rd. Zacks Investment Research downgraded Proofpoint from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Robert W. Baird downgraded Proofpoint from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $92.00 to $77.00 in a research report on Thursday, April 20th. DA Davidson raised Proofpoint from a “neutral” rating to a “buy” rating and increased their price target for the company from $83.00 to $90.00 in a research report on Wednesday, April 19th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $90.00 price target (up from $85.00) on shares of Proofpoint in a research report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $88.09.
In other Proofpoint news, CEO Gary Steele sold 40,000 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $80.38, for a total value of $3,215,200.00. Following the completion of the sale, the chief executive officer now owns 61,780 shares in the company, valued at approximately $4,965,876.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Tracey Newell sold 8,183 shares of the stock in a transaction on Monday, April 17th. The stock was sold at an average price of $75.28, for a total value of $616,016.24. Following the completion of the sale, the executive vice president now owns 18,346 shares of the company’s stock, valued at approximately $1,381,086.88. The disclosure for this sale can be found here. Insiders sold a total of 150,249 shares of company stock valued at $12,612,471 over the last 90 days. 6.80% of the stock is currently owned by company insiders.
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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