Croft Leominster Inc. Continues to Hold Holdings in Proofpoint, Inc. (PFPT)

Croft Leominster Inc. maintained its position in Proofpoint, Inc. (NASDAQ:PFPT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,000 shares of the software maker’s stock at the end of the second quarter. Croft Leominster Inc.’s holdings in Proofpoint were worth $595,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Comerica Bank increased its position in Proofpoint by 0.4% during the 2nd quarter. Comerica Bank now owns 13,207 shares of the software maker’s stock valued at $1,210,000 after buying an additional 51 shares in the last quarter. Creative Planning increased its holdings in shares of Proofpoint by 7.4% in the 2nd quarter. Creative Planning now owns 2,232 shares of the software maker’s stock worth $194,000 after purchasing an additional 154 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Proofpoint by 5.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the software maker’s stock worth $339,000 after purchasing an additional 200 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Proofpoint by 3.8% in the 2nd quarter. Principal Financial Group Inc. now owns 5,976 shares of the software maker’s stock worth $519,000 after purchasing an additional 216 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of Proofpoint by 1.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 22,631 shares of the software maker’s stock worth $1,965,000 after purchasing an additional 222 shares in the last quarter.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Thursday, July 27th. The software maker reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.05. The company had revenue of $122.30 million for the quarter, compared to the consensus estimate of $119.58 million. Proofpoint had a negative return on equity of 140.24% and a negative net margin of 20.96%. The firm’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same period last year, the firm earned $0.06 EPS.

In other news, CEO Gary Steele sold 40,000 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $89.54, for a total transaction of $3,581,600.00. Following the sale, the chief executive officer now directly owns 88,551 shares of the company’s stock, valued at approximately $7,928,856.54. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP David Knight sold 3,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $90.76, for a total transaction of $272,280.00. Following the sale, the executive vice president now directly owns 16,874 shares in the company, valued at $1,531,484.24. The disclosure for this sale can be found here. Insiders have sold a total of 168,549 shares of company stock worth $15,179,369 over the last ninety days. 6.80% of the stock is owned by insiders.

PFPT has been the subject of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $102.00 target price (up previously from $97.00) on shares of Proofpoint in a report on Thursday, July 20th. Stifel Nicolaus reissued a “buy” rating on shares of Proofpoint in a report on Friday, June 23rd. Northland Securities reissued a “buy” rating and issued a $100.00 target price on shares of Proofpoint in a report on Thursday, September 7th. Robert W. Baird reissued a “hold” rating and issued a $95.00 target price on shares of Proofpoint in a report on Friday, September 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $115.00 target price on shares of Proofpoint in a report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the stock. Proofpoint currently has an average rating of “Buy” and an average price target of $99.08.

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Proofpoint 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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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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