BidaskClub upgraded shares of FireEye (NASDAQ:FEYE) from a hold rating to a buy rating in a research report report published on Wednesday.
Other equities research analysts have also recently issued reports about the company. Stephens reiterated a buy rating and issued a $23.00 target price on shares of FireEye in a research note on Friday, February 9th. BMO Capital Markets raised their target price on FireEye from $16.00 to $17.00 and gave the company a market perform rating in a research note on Friday, February 9th. Wedbush reiterated a positive rating and issued a $14.12 target price (down from $16.00) 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. Finally, Evercore ISI reiterated a buy rating and issued a $20.00 target price on shares of FireEye in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $18.17.
FireEye (NASDAQ:FEYE) traded up $0.22 during mid-day trading on Wednesday, reaching $17.98. The company’s stock had a trading volume of 3,282,367 shares, compared to its average volume of 4,710,000. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.93 and a quick ratio of 1.92. The company has a market capitalization of $3,320.00, a PE ratio of -10.51 and a beta of 0.42. FireEye has a 12 month low of $10.38 and a 12 month high of $18.29.
In related news, CFO Frank Verdecanna sold 33,878 shares of FireEye stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $16.20, for a total transaction of $548,823.60. Following the transaction, the chief financial officer now directly owns 383,057 shares of the company’s stock, valued at $6,205,523.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kevin R. Mandia sold 113,130 shares of FireEye stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $16.20, for a total value of $1,832,706.00. Following the transaction, the chief executive officer now directly owns 3,119,643 shares in the company, valued at $50,538,216.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 478,215 shares of company stock worth $7,889,025. Company insiders own 2.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in FEYE. Alliancebernstein L.P. grew its holdings in FireEye by 1,158.3% during the fourth quarter. Alliancebernstein L.P. now owns 2,913,038 shares of the information security company’s stock worth $41,365,000 after acquiring an additional 2,681,525 shares during the period. Tocqueville Asset Management L.P. grew its holdings in FireEye by 390.7% during the fourth quarter. Tocqueville Asset Management L.P. now owns 773,925 shares of the information security company’s stock worth $10,990,000 after acquiring an additional 616,200 shares during the period. Frontier Capital Management Co. LLC acquired a new position in FireEye during the third quarter worth about $5,921,000. ArrowMark Colorado Holdings LLC grew its holdings in FireEye by 52.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 731,049 shares of the information security company’s stock worth $10,381,000 after acquiring an additional 250,000 shares during the period. Finally, Neuberger Berman Group LLC grew its holdings 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 during the period. 64.83% of the stock is currently owned by hedge funds and other institutional investors.
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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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