Crawford Lake Capital Management LLC Takes $7.23 Million Position in FireEye, Inc. (FEYE)

Crawford Lake Capital Management LLC acquired a new position in FireEye, Inc. (NASDAQ:FEYE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 475,288 shares of the information security company’s stock, valued at approximately $7,229,000. FireEye comprises approximately 1.6% of Crawford Lake Capital Management LLC’s portfolio, making the stock its 19th biggest holding. Crawford Lake Capital Management LLC owned 0.27% of FireEye as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in FEYE. Shapiro Capital Management LLC increased its stake in FireEye by 17.9% in the 1st quarter. Shapiro Capital Management LLC now owns 18,840,343 shares of the information security company’s stock worth $237,577,000 after acquiring an additional 2,859,910 shares during the last quarter. Pinnacle Associates Ltd. increased its stake in FireEye by 81.7% in the 2nd quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock worth $52,385,000 after acquiring an additional 1,548,425 shares during the last quarter. Boston Advisors LLC bought a new stake in FireEye in the 2nd quarter worth approximately $10,591,000. Neuberger Berman Group LLC increased its stake in FireEye by 32.8% in the 1st quarter. Neuberger Berman Group LLC now owns 2,259,551 shares of the information security company’s stock worth $28,493,000 after acquiring an additional 557,832 shares during the last quarter. Finally, Penserra Capital Management LLC increased its stake in FireEye by 16.4% in the 1st quarter. Penserra Capital Management LLC now owns 3,236,242 shares of the information security company’s stock worth $40,809,000 after acquiring an additional 456,661 shares during the last quarter. 67.65% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on FEYE shares. Vetr raised FireEye from a “buy” rating to a “strong-buy” rating and set a $16.36 price objective on the stock in a research note on Monday, May 15th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $19.00 price objective on shares of FireEye in a research note on Wednesday, August 23rd. Stifel Nicolaus reaffirmed a “buy” rating on shares of FireEye in a research note on Wednesday, July 19th. Evercore ISI set a $20.00 price objective on FireEye and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, Morgan Stanley raised FireEye from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $13.00 to $19.00 in a research note on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.44.

In related news, EVP Alexa King sold 69,884 shares of FireEye stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total value of $1,010,522.64. Following the completion of the transaction, the executive vice president now directly owns 428,733 shares in the company, valued at $6,199,479.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.

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Shares of FireEye, Inc. (NASDAQ:FEYE) traded up 0.701% during midday trading on Tuesday, reaching $16.525. The company’s stock had a trading volume of 2,013,302 shares. The company’s market capitalization is $3.01 billion. FireEye, Inc. has a one year low of $10.35 and a one year high of $16.59. The stock’s 50-day moving average is $14.66 and its 200-day moving average is $13.91.

FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.13. The firm had revenue of $185.50 million during the quarter, compared to analyst estimates of $176.39 million. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. FireEye’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted ($0.33) earnings per share. On average, equities analysts expect that FireEye, Inc. will post ($0.21) earnings per share for the current fiscal year.

FireEye Company Profile

FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).

Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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