Crossvault Capital Management LLC reduced its stake in FireEye Inc. (NASDAQ:FEYE) by 26.2% during the second quarter, Holdings Channel reports. The firm owned 21,550 shares of the information security company’s stock after selling 7,650 shares during the period. Crossvault Capital Management LLC’s holdings in FireEye were worth $355,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Architects Inc increased its stake in shares of 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 stake in shares of FireEye during the second quarter valued at approximately $163,000. Fairfield Bush & CO. purchased a new stake in shares of FireEye during the first quarter valued at approximately $180,000. Independent Portfolio Consultants Inc. purchased a new stake in shares of FireEye during the second quarter valued at approximately $191,000. Finally, Baker Avenue Asset Management LP purchased a new stake in shares of FireEye during the first quarter valued at approximately $224,000. 52.39% of the stock is owned by hedge funds and other institutional investors.
FireEye Inc. (NASDAQ:FEYE) traded up 1.66% during mid-day trading on Friday, reaching $14.73. 2,680,772 shares of the company’s stock traded hands. The firm’s market cap is $2.50 billion. FireEye Inc. has a one year low of $11.35 and a one year high of $33.08. The firm’s 50-day moving average price is $14.63 and its 200 day moving average price is $15.97.
FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Thursday, August 4th. The information security company reported ($0.33) earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $175 million for the quarter, compared to the consensus estimate of $181.67 million. During the same period last year, the firm earned ($0.41) earnings per share. The company’s quarterly revenue was up 18.9% on a year-over-year basis. On average, equities analysts forecast that FireEye Inc. will post ($1.30) EPS for the current year.
Several analysts have recently commented on the company. Wunderlich assumed coverage on FireEye in a research note on Tuesday, September 13th. They issued a “hold” rating and a $16.00 target price for the company. Citigroup Inc. downgraded FireEye from a “buy” rating to a “neutral” rating and reduced their target price for the company from $22.00 to $18.00 in a research note on Friday, August 5th. JPMorgan Chase & Co. downgraded FireEye from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $20.00 to $15.00 in a research note on Friday, August 5th. Nomura restated a “buy” rating and issued a $22.50 target price on shares of FireEye in a research note on Thursday, September 8th. Finally, Wells Fargo & Co. restated a “market perform” rating and issued a $15.00 target price (down from $16.50) on shares of FireEye in a research note on Friday, August 5th. Nineteen equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average 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 stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $14.19, for a total value of $34,992.54. Following the transaction, the president now directly owns 388,841 shares in the company, valued at $5,517,653.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John T. Mcgee sold 14,988 shares of the stock in a transaction that occurred on 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 owns 155,905 shares in the company, valued at $2,213,851. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by company insiders.
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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