Crosslink Capital Inc. Makes New Investment in FireEye Inc (NASDAQ:FEYE)

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Crosslink Capital Inc. bought a new position in shares of FireEye Inc (NASDAQ:FEYE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 804,496 shares of the information security company’s stock, valued at approximately $10,844,000. FireEye accounts for 2.5% of Crosslink Capital Inc.’s portfolio, making the stock its 14th largest position. Crosslink Capital Inc. owned about 0.37% of FireEye at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Cerebellum GP LLC grew its holdings in shares of FireEye by 5.4% during the 1st quarter. Cerebellum GP LLC now owns 15,961 shares of the information security company’s stock worth $268,000 after acquiring an additional 818 shares during the period. Berkeley Capital Partners LLC grew its stake in shares of FireEye by 3.7% in the 2nd quarter. Berkeley Capital Partners LLC now owns 30,357 shares of the information security company’s stock worth $450,000 after buying an additional 1,084 shares during the last quarter. Sigma Planning Corp grew its stake in shares of FireEye by 10.5% in the 1st quarter. Sigma Planning Corp now owns 13,717 shares of the information security company’s stock worth $230,000 after buying an additional 1,298 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of FireEye by 7.0% in the 2nd quarter. Advisory Services Network LLC now owns 20,268 shares of the information security company’s stock worth $300,000 after buying an additional 1,318 shares during the last quarter. Finally, OLD National Bancorp IN grew its stake in shares of FireEye by 11.8% in the 1st quarter. OLD National Bancorp IN now owns 13,681 shares of the information security company’s stock worth $230,000 after buying an additional 1,449 shares during the last quarter. Hedge funds and other institutional investors own 74.10% of the company’s stock.

In related news, EVP William T. Robbins sold 6,316 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $13.29, for a total value of $83,939.64. Following the transaction, the executive vice president now directly owns 411,357 shares of the company’s stock, valued at approximately $5,466,934.53. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Frank Verdecanna sold 10,525 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $13.29, for a total value of $139,877.25. The disclosure for this sale can be found here. Insiders have sold a total of 32,457 shares of company stock worth $453,216 over the last three months. Insiders own 2.40% of the company’s stock.

FEYE has been the topic of several recent research reports. Bank of America set a $20.00 price target on FireEye and gave the stock a “buy” rating in a research note on Wednesday, July 31st. BidaskClub upgraded FireEye from a “strong sell” rating to a “sell” rating in a research note on Friday. Evercore ISI restated a “buy” rating and issued a $25.00 price target on shares of FireEye in a research note on Sunday, June 2nd. Nomura began coverage on FireEye in a research report on Tuesday, August 6th. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 price objective on shares of FireEye in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.27.

Shares of NASDAQ FEYE traded down $0.02 during midday trading on Friday, hitting $13.99. 190,817 shares of the stock traded hands, compared to its average volume of 3,369,711. The firm has a 50-day moving average of $13.81 and a two-hundred day moving average of $15.19. The firm has a market capitalization of $2.98 billion, a P/E ratio of -19.43 and a beta of 0.96. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.55 and a current ratio of 1.56. FireEye Inc has a one year low of $12.66 and a one year high of $20.61.

FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Tuesday, July 30th. The information security company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.16. The firm had revenue of $218.00 million for the quarter, compared to analysts’ expectations of $215.45 million. FireEye had a negative return on equity of 19.56% and a negative net margin of 28.13%. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities analysts forecast that FireEye Inc will post -0.71 earnings per share for the current fiscal year.

FireEye Company Profile

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.

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Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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