Moody Aldrich Partners LLC acquired a new stake in FireEye Inc. (NASDAQ:FEYE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 38,515 shares of the information security company’s stock, valued at approximately $634,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Architects Inc raised its position in FireEye by 30.0% in the second quarter. Financial Architects Inc now owns 9,030 shares of the information security company’s stock valued at $148,000 after buying an additional 2,083 shares in the last quarter. Bank of Montreal Can purchased a new position in FireEye during the second quarter valued at approximately $163,000. Fairfield Bush & CO. purchased a new position in FireEye during the first quarter valued at approximately $180,000. Independent Portfolio Consultants Inc. purchased a new position in FireEye during the second quarter valued at approximately $191,000. Finally, Baker Avenue Asset Management LP purchased a new position in FireEye during the first quarter valued at approximately $224,000. Institutional investors own 52.39% of the company’s stock.
Shares of FireEye Inc. (NASDAQ:FEYE) traded up 0.77% on Monday, hitting $14.48. The company had a trading volume of 3,328,878 shares. FireEye Inc. has a 12 month low of $11.35 and a 12 month high of $33.15. The company has a 50-day moving average of $14.60 and a 200 day moving average of $16.03. The stock’s market cap is $2.46 billion.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Thursday, August 4th. The information security company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.06. FireEye had a negative net margin of 81.76% and a negative return on equity of 46.11%. The firm earned $175 million during the quarter, compared to the consensus estimate of $181.67 million. During the same period last year, the firm posted ($0.41) EPS. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. Analysts anticipate that FireEye Inc. will post ($1.30) EPS for the current fiscal year.
A number of research analysts recently issued reports on FEYE shares. Piper Jaffray Cos. reiterated a “buy” rating and issued a $17.00 target price (down from $20.00) on shares of FireEye in a report on Friday, August 5th. Zacks Investment Research upgraded FireEye from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, August 10th. Nomura reiterated a “buy” rating and issued a $22.50 target price on shares of FireEye in a report on Thursday, September 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $15.00 target price (down from $16.00) on shares of FireEye in a report on Friday, August 5th. Finally, Wunderlich lowered FireEye from a “buy” rating to a “hold” rating and decreased their target price for the company from $21.00 to $15.00 in a report on Friday, August 5th. Nineteen equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. FireEye has a consensus rating of “Hold” and a consensus price target of $24.84.
In other FireEye news, President Travis M. Reese sold 2,466 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $14.19, for a total value of $34,992.54. Following the completion of the transaction, the president now directly owns 388,841 shares of the company’s stock, valued at $5,517,653.79. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John T. Mcgee sold 14,988 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $14.20, for a total transaction of $212,829.60. Following the completion of the transaction, the executive vice president now directly owns 155,905 shares of the company’s stock, valued at $2,213,851. The disclosure for this sale can be found here. Corporate insiders own 9.60% of the company’s stock.
FireEye, Inc provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The Company’s cybersecurity solutions combine its purpose-built virtual-machine technology, threat intelligence and security in a suite of products and services. The Company’s cybersecurity platform includes a family of software-based appliances, endpoint agents, cloud-based subscription services, support and maintenance and other services.
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