Creative Planning Boosts Stake in Proofpoint, Inc. (NASDAQ:PFPT)

Creative Planning boosted its position in Proofpoint, Inc. (NASDAQ:PFPT) by 7.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,232 shares of the software maker’s stock after buying an additional 154 shares during the period. Creative Planning’s holdings in Proofpoint were worth $194,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PFPT. Handelsinvest Investeringsforvaltning boosted its stake in shares of Proofpoint by 79.2% in the second quarter. Handelsinvest Investeringsforvaltning now owns 34,400 shares of the software maker’s stock worth $2,987,000 after buying an additional 15,200 shares in the last quarter. GW&K Investment Management LLC boosted its stake in shares of Proofpoint by 20.0% in the second quarter. GW&K Investment Management LLC now owns 295,465 shares of the software maker’s stock worth $25,655,000 after buying an additional 49,314 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Proofpoint by 910.1% in the second quarter. Bank of Montreal Can now owns 13,657 shares of the software maker’s stock worth $1,186,000 after buying an additional 12,305 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Proofpoint by 2.4% in the second quarter. Handelsbanken Fonder AB now owns 85,000 shares of the software maker’s stock worth $7,381,000 after buying an additional 2,000 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its stake in shares of Proofpoint by 1.1% in the first quarter. Driehaus Capital Management LLC now owns 79,569 shares of the software maker’s stock worth $5,917,000 after buying an additional 871 shares in the last quarter.

Proofpoint, Inc. (NASDAQ PFPT) traded down 0.21% during trading on Wednesday, reaching $86.70. The company had a trading volume of 98,512 shares. Proofpoint, Inc. has a 1-year low of $68.04 and a 1-year high of $94.33. The stock’s market capitalization is $3.85 billion. The firm has a 50-day moving average of $87.58 and a 200-day moving average of $82.26.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. The firm had revenue of $122.30 million during the quarter, compared to the consensus estimate of $119.58 million. Proofpoint had a negative net margin of 20.96% and a negative return on equity of 140.24%. The firm’s revenue was up 36.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. On average, analysts anticipate that Proofpoint, Inc. will post $0.65 EPS for the current fiscal year.

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A number of brokerages have commented on PFPT. Northland Securities set a $100.00 price target on Proofpoint and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Imperial Capital reaffirmed an “outperform” rating and set a $102.00 price target (up previously from $100.00) on shares of Proofpoint in a research report on Wednesday, August 2nd. Zacks Investment Research raised Proofpoint from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Tuesday, August 1st. BidaskClub cut Proofpoint from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, ValuEngine cut Proofpoint from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $92.78.

In other news, SVP Robert Darren Lee sold 2,750 shares of Proofpoint stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $87.75, for a total transaction of $241,312.50. Following the completion of the sale, the senior vice president now directly owns 7,619 shares in the company, valued at approximately $668,567.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David Knight sold 3,000 shares of Proofpoint stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $92.45, for a total transaction of $277,350.00. Following the sale, the executive vice president now owns 16,874 shares of the company’s stock, valued at $1,560,001.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 186,299 shares of company stock valued at $15,989,869. 6.80% of the stock is owned by insiders.

About Proofpoint

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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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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