State of Wisconsin Investment Board cut its stake in shares of FireEye, Inc. (NASDAQ:FEYE) by 13.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,947 shares of the information security company’s stock after selling 5,260 shares during the period. State of Wisconsin Investment Board’s holdings in FireEye were worth $532,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Shapiro Capital Management LLC raised its holdings in FireEye by 17.9% during the first quarter. Shapiro Capital Management LLC now owns 18,840,343 shares of the information security company’s stock valued at $237,577,000 after acquiring an additional 2,859,910 shares during the period. Boston Advisors LLC bought a new stake in FireEye during the second quarter valued at about $10,591,000. Neuberger Berman Group LLC raised its holdings in FireEye by 32.8% during the first quarter. Neuberger Berman Group LLC now owns 2,259,551 shares of the information security company’s stock valued at $28,493,000 after acquiring an additional 557,832 shares during the period. Penserra Capital Management LLC raised its holdings in FireEye by 16.4% during the first quarter. Penserra Capital Management LLC now owns 3,236,242 shares of the information security company’s stock valued at $40,809,000 after acquiring an additional 456,661 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in FireEye by 155.8% during the first quarter. Renaissance Technologies LLC now owns 734,900 shares of the information security company’s stock valued at $9,267,000 after acquiring an additional 447,600 shares during the period. Institutional investors own 67.65% of the company’s stock.
In other news, EVP Alexa King sold 69,884 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the completion of the sale, the executive vice president now owns 428,733 shares in the company, valued at approximately $6,199,479.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is owned by company insiders.
FireEye, Inc. (FEYE) opened at 16.51 on Wednesday. The stock’s market cap is $3.01 billion. FireEye, Inc. has a 12 month low of $10.35 and a 12 month high of $16.68. The firm’s 50 day moving average price is $14.71 and its 200 day moving average price is $13.92.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.13. The business had revenue of $185.50 million during the quarter, compared to the consensus estimate of $176.39 million. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.33) EPS. On average, equities research analysts predict that FireEye, Inc. will post ($0.21) EPS for the current fiscal year.
A number of equities research analysts have commented on the company. BMO Capital Markets raised their price target on FireEye from $15.00 to $17.00 and gave the company a “market perform” rating in a report on Wednesday, August 2nd. BidaskClub raised FireEye from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Stifel Nicolaus reissued a “buy” rating on shares of FireEye in a report on Wednesday, July 19th. Barclays PLC reissued an “equal weight” rating and set a $16.00 price target (up from $14.00) on shares of FireEye in a report on Wednesday, August 2nd. Finally, Vetr raised FireEye from a “buy” rating to a “strong-buy” rating and set a $17.31 price target on the stock in a report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. FireEye has a consensus rating of “Hold” and an average target price of $16.44.
FireEye Company Profile
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).
Receive News & Ratings for FireEye Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FireEye Inc. and related companies with MarketBeat.com's FREE daily email newsletter.