Thrivent Financial For Lutherans raised its holdings in shares of Proofpoint Inc (NASDAQ:PFPT) by 15.4% during the 4th quarter, HoldingsChannel reports. The fund owned 312,458 shares of the software maker’s stock after purchasing an additional 41,770 shares during the period. Thrivent Financial For Lutherans’ holdings in Proofpoint were worth $27,749,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in PFPT. Dimensional Fund Advisors LP grew its stake in Proofpoint by 433.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,440 shares of the software maker’s stock valued at $2,556,000 after acquiring an additional 23,917 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Proofpoint during the 2nd quarter valued at about $253,000. Nationwide Fund Advisors grew its stake in Proofpoint by 5.2% during the 3rd quarter. Nationwide Fund Advisors now owns 184,197 shares of the software maker’s stock valued at $16,066,000 after acquiring an additional 9,109 shares in the last quarter. Aperio Group LLC grew its stake in Proofpoint by 24.2% during the 3rd quarter. Aperio Group LLC now owns 4,461 shares of the software maker’s stock valued at $389,000 after acquiring an additional 870 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new position in Proofpoint during the 3rd quarter valued at about $2,867,000.
Shares of Proofpoint Inc (PFPT) opened at $118.85 on Friday. Proofpoint Inc has a 1-year low of $70.30 and a 1-year high of $122.28. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $6,108.02, a P/E ratio of -62.23 and a beta of 1.31.
PFPT has been the subject of several research reports. Zacks Investment Research upgraded Proofpoint from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Wednesday, December 27th. KeyCorp reiterated a “neutral” rating on shares of Proofpoint in a report on Friday, November 24th. Evercore ISI reiterated a “buy” rating and set a $105.00 price target on shares of Proofpoint in a report on Wednesday, November 22nd. Wedbush reiterated an “outperform” rating and set a $108.00 price target on shares of Proofpoint in a report on Wednesday, January 3rd. Finally, Cowen reiterated a “buy” rating on shares of Proofpoint in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $109.67.
In other Proofpoint news, CEO Gary Steele sold 40,000 shares of Proofpoint stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $92.06, for a total value of $3,682,400.00. Following the transaction, the chief executive officer now directly owns 88,551 shares of the company’s stock, valued at approximately $8,152,005.06. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Tracey Newell sold 8,187 shares of Proofpoint stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $106.35, for a total value of $870,687.45. Following the completion of the transaction, the executive vice president now directly owns 24,723 shares in the company, valued at $2,629,291.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,303 shares of company stock valued at $13,511,751. Corporate insiders own 5.96% of the company’s stock.
Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.
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