Proofpoint Inc (PFPT) Position Increased by Brown Advisory Inc.

Brown Advisory Inc. boosted its stake in Proofpoint Inc (NASDAQ:PFPT) by 41.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,154 shares of the software maker’s stock after acquiring an additional 72,742 shares during the period. Brown Advisory Inc. owned 0.57% of Proofpoint worth $21,951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PFPT. Dimensional Fund Advisors LP increased its stake in Proofpoint by 433.0% during the second quarter. Dimensional Fund Advisors LP now owns 29,440 shares of the software maker’s stock valued at $2,556,000 after purchasing an additional 23,917 shares during the last quarter. State Street Corp increased its stake in Proofpoint by 7.6% during the second quarter. State Street Corp now owns 851,530 shares of the software maker’s stock valued at $73,938,000 after purchasing an additional 60,236 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Proofpoint by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 32,960 shares of the software maker’s stock valued at $2,862,000 after purchasing an additional 1,554 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Proofpoint during the second quarter valued at $253,000. Finally, Ameritas Investment Partners Inc. increased its stake in Proofpoint by 6.9% during the second quarter. Ameritas Investment Partners Inc. now owns 3,771 shares of the software maker’s stock valued at $327,000 after purchasing an additional 245 shares during the last quarter.

Several research firms have weighed in on PFPT. TheStreet upgraded shares of Proofpoint from a “d” rating to a “c-” rating in a research note on Wednesday, February 7th. Imperial Capital boosted their target price on shares of Proofpoint from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Monness Crespi & Hardt boosted their target price on shares of Proofpoint from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Dougherty & Co boosted their target price on shares of Proofpoint from $108.00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley boosted their target price on shares of Proofpoint from $116.00 to $124.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $107.63.

In related news, CEO Gary Steele sold 40,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $86.28, for a total value of $3,451,200.00. Following the completion of the sale, the chief executive officer now owns 88,551 shares of the company’s stock, valued at $7,640,180.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Eric Hahn sold 5,000 shares of the company’s stock in a transaction dated 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 directly owns 38,201 shares of the company’s stock, valued at approximately $3,197,805.71. The disclosure for this sale can be found here. Insiders sold 187,303 shares of company stock valued at $17,637,911 in the last ninety days. Corporate insiders own 5.96% of the company’s stock.

Proofpoint Inc (NASDAQ:PFPT) opened at $106.11 on Friday. The company has a market cap of $4,820.00, a PE ratio of -54.14 and a beta of 1.39. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 11.57. Proofpoint Inc has a 12-month low of $70.30 and a 12-month high of $107.76.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.21 by $0.08. The business had revenue of $145.40 million during the quarter, compared to analyst estimates of $139.61 million. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 131.99%. The company’s quarterly revenue was up 36.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 earnings per share. research analysts expect that Proofpoint Inc will post -0.91 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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