Laurion Capital Management LP bought a new position in shares of Proofpoint Inc (NASDAQ:PFPT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,184 shares of the software maker’s stock, valued at approximately $1,946,000.
A number of other large investors also recently added to or reduced their stakes in PFPT. Manchester Capital Management LLC purchased a new stake in Proofpoint during the 1st quarter worth approximately $56,000. Ashburton Jersey Ltd purchased a new stake in Proofpoint during the 2nd quarter worth approximately $60,000. AlphaOne Investment Services LLC purchased a new stake in Proofpoint during the 2nd quarter worth approximately $72,000. Shine Investment Advisory Services Inc. grew its position in Proofpoint by 82.8% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 607 shares of the software maker’s stock worth $73,000 after purchasing an additional 275 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its position in Proofpoint by 72.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 786 shares of the software maker’s stock worth $95,000 after purchasing an additional 329 shares during the last quarter. 94.16% of the stock is currently owned by institutional investors.
Shares of PFPT traded up $1.45 during trading hours on Friday, hitting $125.75. The stock had a trading volume of 395,456 shares, compared to its average volume of 748,384. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.66 and a current ratio of 0.67. The firm has a 50-day moving average price of $119.88 and a 200 day moving average price of $119.35. Proofpoint Inc has a fifty-two week low of $75.92 and a fifty-two week high of $132.85. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of -109.35 and a beta of 1.67.
Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, July 25th. The software maker reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.07). The company had revenue of $214.40 million for the quarter, compared to analyst estimates of $211.33 million. Proofpoint had a negative return on equity of 11.24% and a negative net margin of 14.31%. The business’s revenue was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 earnings per share. As a group, analysts predict that Proofpoint Inc will post -0.79 EPS for the current fiscal year.
Several analysts have weighed in on PFPT shares. Royal Bank of Canada set a $150.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a research report on Friday, July 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Proofpoint in a report on Friday. Piper Jaffray Companies upped their price objective on shares of Proofpoint from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Cowen started coverage on shares of Proofpoint in a report on Thursday, May 23rd. They issued an “outperform” rating and a $140.00 price objective on the stock. Finally, BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $139.26.
In other Proofpoint news, Director Richard Scott Herren sold 2,083 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $121.13, for a total transaction of $252,313.79. Following the completion of the transaction, the director now owns 12,145 shares of the company’s stock, valued at $1,471,123.85. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael M. Johnson sold 843 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $123.18, for a total transaction of $103,840.74. Following the transaction, the director now directly owns 3,688 shares of the company’s stock, valued at approximately $454,287.84. The disclosure for this sale can be found here. Insiders sold 85,470 shares of company stock valued at $10,425,432 in the last three months. 2.93% of the stock is currently owned by insiders.
Proofpoint, Inc operates as a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ‘drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.
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