Honeywell International Inc. decreased its position in FireEye, Inc. (NASDAQ:FEYE) by 13.1% during the second quarter, Holdings Channel reports. The firm owned 661,200 shares of the information security company’s stock after selling 100,000 shares during the period. Honeywell International Inc.’s holdings in FireEye were worth $10,057,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Teachers Advisors LLC raised its position in FireEye by 20.1% in the fourth quarter. Teachers Advisors LLC now owns 191,932 shares of the information security company’s stock worth $2,284,000 after buying an additional 32,147 shares during the period. Segantii Capital Management Ltd bought a new position in FireEye during the first quarter worth approximately $251,000. Paloma Partners Management Co bought a new position in FireEye during the first quarter worth approximately $1,202,000. AlphaOne Investment Services LLC bought a new position in FireEye during the first quarter worth approximately $4,338,000. Finally, Baird Financial Group Inc. bought a new position in FireEye during the first quarter worth approximately $661,000. Hedge funds and other institutional investors own 67.16% of the company’s stock.
FireEye, Inc. (NASDAQ:FEYE) opened at 14.39 on Tuesday. The firm’s 50-day moving average price is $15.39 and its 200 day moving average price is $13.45. FireEye, Inc. has a one year low of $10.35 and a one year high of $17.70. The firm’s market capitalization is $2.54 billion.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $176.39 million. During the same period last year, the firm earned ($0.33) earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that FireEye, Inc. will post ($0.22) earnings per share for the current fiscal year.
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A number of equities analysts have commented on FEYE shares. UBS AG set a $16.00 price objective on FireEye and gave the stock a “hold” rating in a research note on Friday, July 7th. Vetr upgraded FireEye from a “buy” rating to a “strong-buy” rating and set a $16.36 price objective on the stock in a research note on Monday, May 15th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $17.00 price objective (up previously from $15.00) on shares of FireEye in a research note on Wednesday, May 3rd. Barclays PLC restated an “equal weight” rating and set a $14.00 price objective (up previously from $10.00) on shares of FireEye in a research note on Wednesday, May 3rd. Finally, BidaskClub lowered FireEye from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.97.
In other news, EVP Alexa King sold 69,884 shares of the firm’s stock in a transaction dated 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 directly owns 428,733 shares of the company’s stock, valued at $6,199,479.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is currently owned by company insiders.
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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