RiverPoint Capital Management LLC reduced its stake in shares of FireEye Inc (NASDAQ:FEYE) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,990 shares of the information security company’s stock after selling 9,536 shares during the quarter. RiverPoint Capital Management LLC’s holdings in FireEye were worth $1,264,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in FEYE. Frontier Capital Management Co. LLC acquired a new position in FireEye during the third quarter worth $5,921,000. Neuberger Berman Group LLC raised its stake in FireEye by 9.5% during the third quarter. Neuberger Berman Group LLC now owns 2,726,371 shares of the information security company’s stock worth $45,721,000 after acquiring an additional 237,575 shares in the last quarter. Northern Trust Corp raised its stake in FireEye by 30.8% during the second quarter. Northern Trust Corp now owns 937,251 shares of the information security company’s stock worth $14,256,000 after acquiring an additional 220,537 shares in the last quarter. Russell Investments Group Ltd. raised its stake in FireEye by 28.4% during the third quarter. Russell Investments Group Ltd. now owns 893,117 shares of the information security company’s stock worth $14,977,000 after acquiring an additional 197,348 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in FireEye by 25.3% during the fourth quarter. First Trust Advisors LP now owns 875,170 shares of the information security company’s stock worth $12,427,000 after acquiring an additional 176,659 shares in the last quarter. Hedge funds and other institutional investors own 68.93% of the company’s stock.
FireEye Inc (FEYE) opened at $16.82 on Tuesday. The stock has a market capitalization of $3,153.34, a PE ratio of -9.84 and a beta of 0.57. FireEye Inc has a 1-year low of $10.35 and a 1-year high of $18.00. The company has a quick ratio of 1.98, a current ratio of 1.99 and a debt-to-equity ratio of 1.00.
In other FireEye news, CEO Kevin R. Mandia sold 113,130 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $16.20, for a total transaction of $1,832,706.00. Following the transaction, the chief executive officer now owns 3,119,643 shares in the company, valued at $50,538,216.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Alexa King sold 108,565 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $16.31, for a total value of $1,770,695.15. Following the transaction, the executive vice president now owns 514,800 shares in the company, valued at approximately $8,396,388. The disclosure for this sale can be found here. In the last quarter, insiders sold 378,215 shares of company stock worth $6,139,025. 2.40% of the stock is owned by company insiders.
A number of analysts have recently weighed in on FEYE shares. Stephens restated a “buy” rating and issued a $23.00 target price on shares of FireEye in a research note on Friday, February 9th. UBS Group upgraded FireEye from a “neutral” rating to a “positive” rating in a research note on Friday, February 9th. Evercore ISI set a $20.00 target price on FireEye and gave the company a “buy” rating in a research note on Friday, February 9th. Wedbush restated a “neutral” rating and issued a $15.00 target price (up from $14.00) on shares of FireEye in a research note on Thursday, November 2nd. Finally, Zacks Investment Research upgraded FireEye from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. FireEye currently has an average rating of “Buy” and an average price target of $18.09.
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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).
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