Westside Investment Management Inc. Acquires Shares of 33,382 FireEye Inc (NASDAQ:FEYE)

Westside Investment Management Inc. acquired a new stake in FireEye Inc (NASDAQ:FEYE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 33,382 shares of the information security company’s stock, valued at approximately $32,624,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. ETF Managers Group LLC lifted its stake in FireEye by 14.6% in the first quarter. ETF Managers Group LLC now owns 3,348,914 shares of the information security company’s stock valued at $56,228,000 after buying an additional 426,289 shares during the last quarter. First Trust Advisors LP lifted its stake in FireEye by 114.8% in the first quarter. First Trust Advisors LP now owns 3,301,854 shares of the information security company’s stock valued at $55,438,000 after buying an additional 1,764,847 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in FireEye by 13.3% in the first quarter. Neuberger Berman Group LLC now owns 2,489,373 shares of the information security company’s stock valued at $41,788,000 after buying an additional 292,381 shares during the last quarter. Norges Bank purchased a new stake in FireEye in the fourth quarter valued at approximately $40,018,000. Finally, Pictet Asset Management Ltd. lifted its stake in FireEye by 15.0% in the first quarter. Pictet Asset Management Ltd. now owns 2,385,000 shares of the information security company’s stock valued at $40,044,000 after buying an additional 311,983 shares during the last quarter. Institutional investors own 79.61% of the company’s stock.

In related news, President Travis M. Reese sold 15,616 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $14.69, for a total transaction of $229,399.04. Following the transaction, the president now owns 885,325 shares of the company’s stock, valued at $13,005,424.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alexa King sold 3,156 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $15.37, for a total value of $48,507.72. Following the transaction, the executive vice president now directly owns 505,060 shares in the company, valued at approximately $7,762,772.20. The disclosure for this sale can be found here. Insiders have sold 20,229 shares of company stock worth $298,938 in the last ninety days. 2.40% of the stock is currently owned by corporate insiders.

A number of research analysts have recently issued reports on FEYE shares. BidaskClub raised FireEye from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. JPMorgan Chase & Co. set a $20.00 target price on FireEye and gave the company a “buy” rating in a report on Wednesday. Evercore ISI reissued a “buy” rating and issued a $25.00 target price on shares of FireEye in a report on Sunday, June 2nd. Bank of America set a $20.00 target price on FireEye and gave the company a “buy” rating in a report on Wednesday. Finally, Robert W. Baird reissued a “buy” rating and issued a $23.00 target price on shares of FireEye in a report on Wednesday, May 29th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. FireEye currently has an average rating of “Hold” and a consensus price target of $19.49.

Shares of NASDAQ:FEYE traded down $0.50 during trading on Friday, reaching $13.76. The company had a trading volume of 4,946,674 shares, compared to its average volume of 3,699,301. The firm’s fifty day moving average price is $15.15. FireEye Inc has a fifty-two week low of $13.69 and a fifty-two week high of $20.61. The company has a market cap of $2.90 billion, a price-to-earnings ratio of -19.11 and a beta of 0.87. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.00 and a quick ratio of 1.99.

FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Tuesday, July 30th. The information security company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.16. FireEye had a negative return on equity of 20.23% and a negative net margin of 28.13%. The firm had revenue of $218.00 million for the quarter, compared to analyst estimates of $215.45 million. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts expect that FireEye Inc will post -0.71 EPS for the current fiscal year.

About FireEye

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.

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Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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