Summit Trail Advisors LLC grew its holdings in shares of FireEye Inc (NASDAQ:FEYE) by 1,553.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 275,096 shares of the information security company’s stock after purchasing an additional 258,459 shares during the period. Summit Trail Advisors LLC owned approximately 0.14% of FireEye worth $275,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asia Hong Kong Ltd increased its holdings in shares of FireEye by 946.5% during the first quarter. Point72 Asia Hong Kong Ltd now owns 7,336 shares of the information security company’s stock valued at $124,000 after purchasing an additional 6,635 shares during the period. Asset Management One Co. Ltd. grew its holdings in FireEye by 56.9% during the first quarter. Asset Management One Co. Ltd. now owns 7,800 shares of the information security company’s stock worth $132,000 after acquiring an additional 2,830 shares during the period. Natixis Advisors L.P. acquired a new position in FireEye during the first quarter worth about $201,000. Thompson Davis & CO. Inc. acquired a new position in FireEye during the first quarter worth about $229,000. Finally, Seven Eight Capital LP acquired a new position in FireEye during the first quarter worth about $236,000. 65.16% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on FEYE shares. ValuEngine lowered FireEye from a “hold” rating to a “sell” rating in a report on Monday, May 14th. BidaskClub lowered FireEye from a “buy” rating to a “hold” rating in a research report on Saturday, April 28th. Morgan Stanley increased their price target on FireEye from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, March 28th. UBS Group increased their price target on FireEye from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, May 29th. Finally, Barclays increased their price target on FireEye from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, May 3rd. Fourteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.30.
Shares of FireEye opened at $16.37 on Monday, MarketBeat reports. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.71 and a quick ratio of 1.70. FireEye Inc has a 52-week low of $13.40 and a 52-week high of $19.36. The stock has a market cap of $3.14 billion, a PE ratio of -15.02 and a beta of 0.35.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Wednesday, May 2nd. The information security company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). FireEye had a negative net margin of 37.68% and a negative return on equity of 25.25%. The company had revenue of $199.07 million during the quarter, compared to the consensus estimate of $193.91 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. equities analysts expect that FireEye Inc will post -0.81 earnings per share for the current fiscal year.
In other news, CEO Kevin R. Mandia sold 15,701 shares of the business’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $16.95, for a total transaction of $266,131.95. Following the completion of the sale, the chief executive officer now owns 3,103,942 shares in the company, valued at approximately $52,611,816.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alexa King sold 3,190 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $17.35, for a total transaction of $55,346.50. Following the sale, the executive vice president now owns 450,725 shares of the company’s stock, valued at approximately $7,820,078.75. The disclosure for this sale can be found here. Insiders sold 19,824 shares of company stock valued at $337,666 in the last quarter. 2.40% of the stock is owned by insiders.
FireEye Company Profile
FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.
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