Raymond James & Associates Buys 4,504 Shares of FireEye Inc (NASDAQ:FEYE)

Raymond James & Associates boosted its stake in FireEye Inc (NASDAQ:FEYE) by 3.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 124,854 shares of the information security company’s stock after buying an additional 4,504 shares during the quarter. Raymond James & Associates’ holdings in FireEye were worth $2,096,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Berkeley Capital Partners LLC lifted its stake in FireEye by 20.8% in the 1st quarter. Berkeley Capital Partners LLC now owns 29,273 shares of the information security company’s stock valued at $491,000 after buying an additional 5,031 shares in the last quarter. Two Sigma Investments LP purchased a new stake in FireEye in the 4th quarter valued at approximately $54,563,000. Berman Capital Advisors LLC purchased a new stake in FireEye in the 4th quarter valued at approximately $137,000. Eaton Vance Management lifted its stake in FireEye by 13.7% in the 4th quarter. Eaton Vance Management now owns 112,619 shares of the information security company’s stock valued at $1,826,000 after buying an additional 13,563 shares in the last quarter. Finally, NumerixS Investment Technologies Inc lifted its stake in FireEye by 210.7% in the 4th quarter. NumerixS Investment Technologies Inc now owns 26,100 shares of the information security company’s stock valued at $420,000 after buying an additional 17,700 shares in the last quarter. 79.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ FEYE opened at $14.50 on Thursday. FireEye Inc has a 12-month low of $13.85 and a 12-month high of $20.61. The firm has a market capitalization of $2.93 billion, a P/E ratio of -20.14 and a beta of 0.97. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.00 and a quick ratio of 1.99.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Tuesday, April 30th. The information security company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). FireEye had a negative net margin of 29.28% and a negative return on equity of 20.85%. The company had revenue of $210.54 million during the quarter, compared to analyst estimates of $210.22 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts forecast that FireEye Inc will post -0.58 earnings per share for the current year.

A number of equities research analysts recently issued reports on FEYE shares. Zacks Investment Research lowered FireEye from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. JPMorgan Chase & Co. raised FireEye from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Monday, March 11th. Robert W. Baird reissued a “buy” rating and set a $23.00 price target on shares of FireEye in a research note on Monday, April 29th. BidaskClub lowered FireEye from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Finally, Wedbush reiterated a “neutral” rating and issued a $18.00 price target on shares of FireEye in a report on Wednesday, May 1st. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. FireEye presently has a consensus rating of “Hold” and a consensus target price of $19.79.

In other news, EVP Alexa King sold 3,156 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $15.37, for a total transaction of $48,507.72. Following the completion of the sale, the executive vice president now directly owns 505,060 shares in the company, valued at $7,762,772.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 4,613 shares of company stock valued at $69,539. 2.40% of the stock is owned by insiders.

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About FireEye

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.

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Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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