MetLife Investment Advisors LLC purchased a new stake in Proofpoint Inc (NASDAQ:PFPT) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 19,783 shares of the software maker’s stock, valued at approximately $1,757,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in PFPT. Exane Derivatives grew its stake in shares of Proofpoint by 901.8% in the 4th quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock worth $152,000 after buying an additional 1,542 shares in the last quarter. Sigma Planning Corp purchased a new position in shares of Proofpoint in the 4th quarter worth $238,000. GSA Capital Partners LLP purchased a new position in shares of Proofpoint in the 3rd quarter worth $317,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Proofpoint in the 3rd quarter worth $395,000. Finally, Balter Liquid Alternatives LLC purchased a new position in shares of Proofpoint in the 4th quarter worth $407,000.
In other Proofpoint news, EVP Tracey Newell sold 8,183 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $96.54, for a total value of $789,986.82. Following the completion of the sale, the executive vice president now directly owns 23,376 shares of the company’s stock, valued at approximately $2,256,719.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gary Steele sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $102.40, for a total transaction of $4,096,000.00. Following the completion of the sale, the chief executive officer now directly owns 94,203 shares of the company’s stock, valued at $9,646,387.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,120 shares of company stock valued at $9,775,934. 5.96% of the stock is owned by corporate insiders.
Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.08. The company had revenue of $145.40 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $0.18 EPS. research analysts expect that Proofpoint Inc will post -1.01 earnings per share for the current fiscal year.
PFPT has been the subject of a number of recent research reports. Deutsche Bank reissued a “buy” rating and issued a $114.00 price objective on shares of Proofpoint in a research note on Tuesday, January 30th. BidaskClub raised shares of Proofpoint from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 26th. Piper Jaffray reissued a “buy” rating and issued a $123.00 price objective on shares of Proofpoint in a research note on Friday, March 2nd. Wedbush reissued an “outperform” rating and issued a $108.00 price objective on shares of Proofpoint in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research cut shares of Proofpoint from a “buy” rating to a “hold” rating in a research note on Thursday, December 28th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Proofpoint currently has an average rating of “Buy” and a consensus price target of $113.04.
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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.
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