Proofpoint (PFPT) PT Raised to $135.00

Proofpoint (NASDAQ:PFPT) had its price objective raised by Morgan Stanley from $124.00 to $135.00 in a research note published on Thursday. Morgan Stanley currently has an overweight rating on the software maker’s stock.

Other research analysts have also issued research reports about the stock. Dougherty & Co raised their price objective on shares of Proofpoint from $108.00 to $118.00 and gave the company a buy rating in a report on Wednesday, February 7th. Stifel Nicolaus raised their price objective on shares of Proofpoint from $100.00 to $115.00 and gave the company a buy rating in a report on Wednesday, February 7th. TheStreet upgraded shares of Proofpoint from a d rating to a c- rating in a report on Wednesday, February 7th. Monness Crespi & Hardt restated a buy rating and set a $120.00 price target (up previously from $115.00) on shares of Proofpoint in a report on Friday, March 2nd. Finally, Wedbush restated an outperform rating and set a $106.00 price target (down previously from $108.00) on shares of Proofpoint in a report on Tuesday, December 5th. Six investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $113.04.

Proofpoint stock opened at $115.75 on Thursday. Proofpoint has a fifty-two week low of $70.30 and a fifty-two week high of $123.87. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.06.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.08. The business had revenue of $145.40 million during the quarter, compared to analyst estimates of $139.61 million. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 54.09%. The firm’s quarterly revenue was up 36.1% on a year-over-year basis. During the same quarter last year, the business earned $0.18 EPS. equities analysts expect that Proofpoint will post -1.01 EPS for the current fiscal year.

In other news, CEO Gary Steele sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $92.06, for a total transaction of $3,682,400.00. Following the completion of the sale, the chief executive officer now owns 88,551 shares of the company’s stock, valued at approximately $8,152,005.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bhagwat Swaroop sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $98.86, for a total transaction of $88,974.00. Following the sale, the executive vice president now directly owns 4,077 shares of the company’s stock, valued at approximately $403,052.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 136,120 shares of company stock valued at $13,359,684. Insiders own 5.96% of the company’s stock.

Several hedge funds have recently made changes to their positions in PFPT. Carillon Tower Advisers Inc. acquired a new stake in shares of Proofpoint during the 4th quarter worth approximately $56,177,000. JPMorgan Chase & Co. grew its position in shares of Proofpoint by 133.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 870,784 shares of the software maker’s stock worth $76,551,000 after buying an additional 498,462 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of Proofpoint by 25.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 1,348,936 shares of the software maker’s stock worth $119,799,000 after buying an additional 271,581 shares during the period. Artisan Partners Limited Partnership grew its position in shares of Proofpoint by 8.1% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,012,092 shares of the software maker’s stock worth $262,715,000 after buying an additional 225,970 shares during the period. Finally, Elk Creek Partners LLC acquired a new stake in Proofpoint in the 3rd quarter valued at $10,787,000.

TRADEMARK VIOLATION WARNING: This story was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/3299568/proofpoint-pfpt-pt-raised-to-135-00.html.

Proofpoint Company Profile

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.

Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

Receive News & Ratings for Proofpoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Credicorp  Earns News Sentiment Score of 0.14
Credicorp Earns News Sentiment Score of 0.14
Analysts Expect Lumentum Holdings  Will Post Earnings of $0.71 Per Share
Analysts Expect Lumentum Holdings Will Post Earnings of $0.71 Per Share
Evine   Shares Down 6.4%
Evine Shares Down 6.4%
Rite Aid  Shares Up 5%
Rite Aid Shares Up 5%
Pennsylvania R.E.I.T.  Trading 5.7% Higher
Pennsylvania R.E.I.T. Trading 5.7% Higher
Slothcoin  One Day Volume Hits $4,181.00
Slothcoin One Day Volume Hits $4,181.00


© 2006-2018 Ticker Report. Google+.