Macquarie Group Ltd. lowered its stake in shares of Proofpoint, Inc. (NASDAQ:PFPT) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 834,194 shares of the software maker’s stock after selling 18,011 shares during the period. Macquarie Group Ltd. owned approximately 1.91% of Proofpoint worth $62,031,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. HighTower Advisors LLC acquired a new position in shares of Proofpoint during the first quarter valued at about $225,000. AQR Capital Management LLC increased its position in shares of Proofpoint by 21.3% in the first quarter. AQR Capital Management LLC now owns 14,465 shares of the software maker’s stock valued at $1,076,000 after buying an additional 2,542 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of Proofpoint during the first quarter valued at about $394,000. State Street Corp increased its stake in Proofpoint by 3.3% in the first quarter. State Street Corp now owns 791,294 shares of the software maker’s stock worth $58,840,000 after buying an additional 25,368 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Proofpoint by 31.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 213,012 shares of the software maker’s stock worth $15,840,000 after buying an additional 51,406 shares during the period.
Shares of Proofpoint, Inc. (NASDAQ:PFPT) traded up 2.20% during mid-day trading on Wednesday, hitting $86.81. 152,002 shares of the stock were exchanged. The stock’s market capitalization is $3.80 billion. The stock’s 50-day moving average is $86.61 and its 200-day moving average is $79.84. Proofpoint, Inc. has a 52 week low of $64.62 and a 52 week high of $94.33.
Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Thursday, April 20th. The software maker reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Proofpoint had a negative net margin of 25.63% and a negative return on equity of 126.46%. The company had revenue of $113.30 million during the quarter, compared to analyst estimates of $110.60 million. During the same period last year, the business earned ($0.09) earnings per share. Proofpoint’s revenue was up 43.4% compared to the same quarter last year. Analysts forecast that Proofpoint, Inc. will post $0.59 earnings per share for the current fiscal year.
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Several analysts have issued reports on PFPT shares. Wedbush boosted their target price on shares of Proofpoint from $90.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, April 21st. Northland Securities reaffirmed a “buy” rating and issued a $100.00 price target on shares of Proofpoint in a research note on Friday, June 30th. Susquehanna Bancshares Inc initiated coverage on shares of Proofpoint in a research note on Wednesday, June 7th. They issued a “positive” rating and a $106.00 price target on the stock. Piper Jaffray Companies set a $90.00 price objective on shares of Proofpoint and gave the stock a “buy” rating in a report on Friday, April 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $90.00 price objective on shares of Proofpoint in a report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $88.09.
In other Proofpoint news, Chairman Eric Hahn sold 5,000 shares of Proofpoint stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $85.51, for a total transaction of $427,550.00. Following the transaction, the chairman now directly owns 63,001 shares of the company’s stock, valued at $5,387,215.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert Darren Lee sold 3,250 shares of Proofpoint stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $75.26, for a total transaction of $244,595.00. Following the transaction, the senior vice president now directly owns 4,131 shares in the company, valued at $310,899.06. The disclosure for this sale can be found here. Insiders sold 155,249 shares of company stock valued at $13,040,021 over the last 90 days. 6.80% of the stock is owned by company insiders.
Proofpoint Company Profile
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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