Cubist Systematic Strategies LLC grew its holdings in shares of Proofpoint Inc (NASDAQ:PFPT) by 485.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 25,430 shares of the software maker’s stock after purchasing an additional 21,090 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.06% of Proofpoint worth $2,218,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in PFPT. Jane Street Group LLC bought a new stake in shares of Proofpoint during the third quarter valued at approximately $1,061,000. Engineers Gate Manager LP increased its position in shares of Proofpoint by 71.6% during the third quarter. Engineers Gate Manager LP now owns 52,367 shares of the software maker’s stock valued at $4,567,000 after acquiring an additional 21,851 shares in the last quarter. Stifel Financial Corp increased its position in shares of Proofpoint by 4.8% during the third quarter. Stifel Financial Corp now owns 187,430 shares of the software maker’s stock valued at $16,340,000 after acquiring an additional 8,586 shares in the last quarter. Elk Creek Partners LLC bought a new stake in shares of Proofpoint during the third quarter valued at approximately $10,787,000. Finally, Westfield Capital Management Co. LP increased its position in shares of Proofpoint by 0.6% during the third quarter. Westfield Capital Management Co. LP now owns 401,245 shares of the software maker’s stock valued at $34,997,000 after acquiring an additional 2,565 shares in the last quarter.
In other Proofpoint news, EVP David Knight sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $91.19, for a total value of $273,570.00. Following the sale, the executive vice president now owns 16,874 shares in the company, valued at approximately $1,538,740.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Eric Hahn sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $83.71, for a total transaction of $418,550.00. Following the completion of the sale, the chairman now owns 38,201 shares in the company, valued at approximately $3,197,805.71. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,549 shares of company stock worth $15,407,300. Corporate insiders own 5.96% of the company’s stock.
Proofpoint Inc (NASDAQ PFPT) opened at $87.77 on Thursday. The company has a debt-to-equity ratio of 11.57, a quick ratio of 1.51 and a current ratio of 1.51. Proofpoint Inc has a one year low of $69.23 and a one year high of $97.92.
Proofpoint (NASDAQ:PFPT) last released its earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. The company had revenue of $134.30 million for the quarter, compared to analysts’ expectations of $131.48 million. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. Proofpoint’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 EPS. research analysts forecast that Proofpoint Inc will post -0.88 earnings per share for the current year.
Several equities research analysts recently weighed in on PFPT shares. Evercore ISI reissued a “buy” rating and set a $105.00 price target on shares of Proofpoint in a research report on Wednesday, November 22nd. Northland Securities reaffirmed a “buy” rating and issued a $100.00 target price on shares of Proofpoint in a research report on Thursday, September 7th. UBS started coverage on shares of Proofpoint in a research report on Tuesday, October 31st. They issued a “market perform” rating for the company. Piper Jaffray Companies set a $105.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $95.00 target price on shares of Proofpoint in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $102.09.
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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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