Northern Trust Corp Increases Holdings in FireEye Inc (FEYE)

Northern Trust Corp raised its stake in shares of FireEye Inc (NASDAQ:FEYE) by 1.6% in the first quarter, Holdings Channel reports. The institutional investor owned 990,664 shares of the information security company’s stock after buying an additional 15,355 shares during the quarter. Northern Trust Corp’s holdings in FireEye were worth $16,772,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in FireEye by 4.1% during the 4th quarter. California State Teachers Retirement System now owns 305,125 shares of the information security company’s stock valued at $4,333,000 after buying an additional 11,998 shares during the last quarter. Amalgamated Bank raised its stake in FireEye by 10.0% during the 4th quarter. Amalgamated Bank now owns 34,853 shares of the information security company’s stock valued at $495,000 after buying an additional 3,179 shares during the last quarter. Clearbridge Investments LLC raised its stake in FireEye by 14.7% during the 4th quarter. Clearbridge Investments LLC now owns 44,713 shares of the information security company’s stock valued at $635,000 after buying an additional 5,725 shares during the last quarter. Caption Management LLC purchased a new stake in FireEye during the 4th quarter valued at $2,237,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in FireEye by 8.2% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 49,382 shares of the information security company’s stock valued at $701,000 after buying an additional 3,760 shares during the last quarter. Institutional investors and hedge funds own 65.16% of the company’s stock.

A number of brokerages have weighed in on FEYE. BidaskClub upgraded shares of FireEye from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. ValuEngine upgraded shares of FireEye from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. BMO Capital Markets boosted their target price on shares of FireEye from $17.00 to $18.00 and gave the company a “market perform” rating in a research note on Thursday, May 3rd. Wedbush reiterated a “neutral” rating and set a $15.00 target price (down from $16.00) on shares of FireEye in a research note on Thursday, May 3rd. Finally, Citigroup boosted their target price on shares of FireEye from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, May 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. FireEye presently has a consensus rating of “Hold” and a consensus target price of $19.30.

Shares of FireEye stock opened at $15.39 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.70 and a current ratio of 1.71. FireEye Inc has a fifty-two week low of $13.40 and a fifty-two week high of $19.36.

FireEye (NASDAQ:FEYE) last issued its earnings results on Wednesday, May 2nd. The information security company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). The company had revenue of $199.07 million during the quarter, compared to the consensus estimate of $193.91 million. FireEye had a negative net margin of 37.68% and a negative return on equity of 25.25%. FireEye’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) EPS. equities analysts predict that FireEye Inc will post -0.81 EPS for the current fiscal year.

In related news, CEO Kevin R. Mandia sold 15,701 shares of the company’s stock in a transaction on Monday, June 18th. The shares were sold at an average price of $16.95, for a total value of $266,131.95. Following the completion of the transaction, the chief executive officer now owns 3,103,942 shares of the company’s stock, valued at approximately $52,611,816.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Alexa King sold 3,190 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly 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 a total of 19,824 shares of company stock valued at $337,666 in the last ninety days. 2.40% of the stock is currently 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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Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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