FireEye, Inc. (NASDAQ:FEYE) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday, May 15th. The firm currently has a $16.36 price objective on the information security company’s stock. Vetr‘s price target points to a potential upside of 8.13% from the stock’s current price.
A number of other brokerages have also recently issued reports on FEYE. Imperial Capital reaffirmed an “in-line” rating and issued a $15.00 price objective (up previously from $12.00) on shares of FireEye in a research note on Tuesday, May 9th. Stephens reaffirmed an “equal weight” rating and issued a $14.00 price objective (up previously from $12.00) on shares of FireEye in a research note on Wednesday, May 3rd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $23.00 price objective on shares of FireEye in a research note on Thursday, May 4th. Zacks Investment Research lowered shares of FireEye from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th. Finally, DA Davidson reiterated a “buy” rating and set a $18.00 price target on shares of FireEye in a report on Wednesday, February 1st. One research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. FireEye has an average rating of “Hold” and a consensus target price of $15.52.
FireEye (NASDAQ FEYE) traded up 0.93% during trading on Monday, hitting $15.13. 4,868,193 shares of the stock traded hands. The stock’s market cap is $2.70 billion. The company has a 50-day moving average price of $14.83 and a 200-day moving average price of $12.87. FireEye has a 12 month low of $10.35 and a 12 month high of $18.42.
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Several hedge funds have recently made changes to their positions in FEYE. Point72 Asset Management L.P. bought a new stake in shares of FireEye during the first quarter worth about $5,296,000. First Financial Equity Corporation bought a new stake in shares of FireEye during the first quarter worth about $230,000. Oak Associates Ltd. OH increased its stake in shares of FireEye by 5.5% in the first quarter. Oak Associates Ltd. OH now owns 24,825 shares of the information security company’s stock worth $313,000 after buying an additional 1,285 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of FireEye by 1.6% in the first quarter. HighTower Advisors LLC now owns 163,141 shares of the information security company’s stock worth $2,054,000 after buying an additional 2,571 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of FireEye during the first quarter worth about $1,202,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.
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).
To view Vetr’s full report, visit Vetr’s official website.
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