Tocqueville Asset Management L.P. Acquires 6,300 Shares of FireEye Inc (NASDAQ:FEYE)

Tocqueville Asset Management L.P. grew its holdings in shares of FireEye Inc (NASDAQ:FEYE) by 24.5% during the second quarter, Holdings Channel reports. The firm owned 31,975 shares of the information security company’s stock after purchasing an additional 6,300 shares during the period. Tocqueville Asset Management L.P.’s holdings in FireEye were worth $474,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FEYE. First Trust Advisors LP raised its holdings in shares of FireEye by 114.8% during the 1st quarter. First Trust Advisors LP now owns 3,301,854 shares of the information security company’s stock valued at $55,438,000 after purchasing an additional 1,764,847 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of FireEye by 190.2% during the 1st quarter. Clearbridge Investments LLC now owns 905,980 shares of the information security company’s stock valued at $15,211,000 after purchasing an additional 593,765 shares in the last quarter. ETF Managers Group LLC raised its holdings in shares of FireEye by 14.6% during the 1st quarter. ETF Managers Group LLC now owns 3,348,914 shares of the information security company’s stock valued at $56,228,000 after purchasing an additional 426,289 shares in the last quarter. Pictet Asset Management Ltd. raised its holdings in shares of FireEye by 15.0% during the 1st quarter. Pictet Asset Management Ltd. now owns 2,385,000 shares of the information security company’s stock valued at $40,044,000 after purchasing an additional 311,983 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of FireEye by 13.3% during the 1st quarter. Neuberger Berman Group LLC now owns 2,489,373 shares of the information security company’s stock valued at $41,788,000 after purchasing an additional 292,381 shares in the last quarter. Institutional investors and hedge funds own 74.47% of the company’s stock.

A number of research analysts have recently weighed in on FEYE shares. Oppenheimer set a $19.00 price target on shares of FireEye and gave the company a “buy” rating in a report on Wednesday, July 31st. Zacks Investment Research lowered shares of FireEye from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Nomura assumed coverage on shares of FireEye in a research note on Tuesday, August 6th. They issued a “buy” rating and a $16.00 target price on the stock. Bank of America set a $20.00 target price on shares of FireEye and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $16.00 target price (down from $17.00) on shares of FireEye in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.27.

In other news, President Travis M. Reese sold 15,616 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $14.69, for a total transaction of $229,399.04. Following the completion of the transaction, the president now directly owns 885,325 shares of the company’s stock, valued at approximately $13,005,424.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is currently owned by company insiders.

NASDAQ FEYE opened at $13.28 on Friday. The company’s fifty day moving average is $14.80 and its two-hundred day moving average is $15.67. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of -18.44 and a beta of 0.87. FireEye Inc has a 52-week low of $12.66 and a 52-week high of $20.61. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.56 and a quick ratio of 1.55.

FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Tuesday, July 30th. The information security company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.16. The company had revenue of $218.00 million during the quarter, compared to the consensus estimate of $215.45 million. FireEye had a negative net margin of 28.13% and a negative return on equity of 19.56%. FireEye’s revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts expect that FireEye Inc will post -0.71 earnings per share for the current fiscal year.

FireEye Company Profile

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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