Northern Trust Corp Has $16.42 Million Holdings in FireEye Inc (FEYE)

Northern Trust Corp raised its holdings in FireEye Inc (NASDAQ:FEYE) by 7.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,067,071 shares of the information security company’s stock after acquiring an additional 76,407 shares during the quarter. Northern Trust Corp owned about 0.55% of FireEye worth $16,423,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OppenheimerFunds Inc. raised its position in shares of FireEye by 100.0% in the second quarter. OppenheimerFunds Inc. now owns 6,000,378 shares of the information security company’s stock valued at $92,346,000 after purchasing an additional 3,000,051 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of FireEye by 18.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,320,235 shares of the information security company’s stock valued at $35,708,000 after purchasing an additional 363,900 shares during the period. Fisher Asset Management LLC raised its position in shares of FireEye by 8.1% in the second quarter. Fisher Asset Management LLC now owns 2,272,111 shares of the information security company’s stock valued at $34,968,000 after purchasing an additional 170,299 shares during the period. Renaissance Technologies LLC raised its position in shares of FireEye by 20.2% in the second quarter. Renaissance Technologies LLC now owns 2,190,466 shares of the information security company’s stock valued at $33,711,000 after purchasing an additional 368,666 shares during the period. Finally, Millennium Management LLC raised its position in shares of FireEye by 125.8% in the second quarter. Millennium Management LLC now owns 1,509,436 shares of the information security company’s stock valued at $23,230,000 after purchasing an additional 841,080 shares during the period. Hedge funds and other institutional investors own 69.99% of the company’s stock.

In related news, EVP William T. Robbins sold 50,000 shares of the business’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $19.05, for a total transaction of $952,500.00. Following the transaction, the executive vice president now owns 274,444 shares of the company’s stock, valued at $5,228,158.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William T. Robbins sold 6,400 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $14.46, for a total transaction of $92,544.00. Following the transaction, the executive vice president now directly owns 359,444 shares in the company, valued at approximately $5,197,560.24. The disclosure for this sale can be found here. Insiders have sold 105,820 shares of company stock worth $1,883,571 in the last ninety days. 2.40% of the stock is currently owned by insiders.

A number of equities analysts have recently commented on FEYE shares. Zacks Investment Research raised shares of FireEye from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Wednesday, August 8th. Evercore ISI reissued a “buy” rating and issued a $22.00 price target on shares of FireEye in a research report on Thursday, August 23rd. Goldman Sachs Group set a $22.00 price target on shares of FireEye and gave the company a “buy” rating in a research report on Thursday, October 4th. BidaskClub raised shares of FireEye from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Finally, ValuEngine raised shares of FireEye from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $19.75.

Shares of FEYE stock opened at $18.67 on Friday. FireEye Inc has a 1 year low of $13.40 and a 1 year high of $19.56. The company has a quick ratio of 2.02, a current ratio of 2.03 and a debt-to-equity ratio of 1.42.

FireEye (NASDAQ:FEYE) last announced its earnings results on Tuesday, October 30th. The information security company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. FireEye had a negative net margin of 33.32% and a negative return on equity of 22.77%. The business had revenue of $211.65 million for the quarter, compared to analyst estimates of $208.46 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. FireEye’s revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts forecast that FireEye Inc will post -0.79 earnings per share for the current fiscal year.

About FireEye

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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