California State Teachers Retirement System lifted its stake in FireEye, Inc. (NASDAQ:FEYE) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 323,171 shares of the information security company’s stock after purchasing an additional 15,552 shares during the quarter. California State Teachers Retirement System owned about 0.18% of FireEye worth $4,915,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of FireEye by 30.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock worth $101,000 after purchasing an additional 1,528 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of FireEye by 15.9% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock worth $141,000 after purchasing an additional 1,252 shares during the period. Moors & Cabot Inc. boosted its holdings in shares of FireEye by 8.4% in the 2nd quarter. Moors & Cabot Inc. now owns 13,490 shares of the information security company’s stock worth $208,000 after purchasing an additional 1,050 shares during the period. State Street Corp boosted its holdings in shares of FireEye by 1.5% in the 2nd quarter. State Street Corp now owns 2,050,241 shares of the information security company’s stock worth $31,188,000 after purchasing an additional 30,285 shares during the period. Finally, ETF Managers Group LLC purchased a new position in shares of FireEye in the 2nd quarter worth approximately $43,372,000. Hedge funds and other institutional investors own 68.16% of the company’s stock.
A number of equities analysts have recently commented on the company. BMO Capital Markets lifted their target price on FireEye from $15.00 to $17.00 and gave the stock a “market perform” rating in a report on Wednesday, August 2nd. BidaskClub upgraded FireEye from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. KeyCorp reiterated a “hold” rating on shares of FireEye in a report on Friday, October 27th. Stifel Nicolaus reiterated a “buy” rating on shares of FireEye in a report on Wednesday, July 19th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $16.00 target price (up previously from $14.00) on shares of FireEye in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. FireEye currently has a consensus rating of “Hold” and an average target price of $17.13.
In other FireEye news, President Travis M. Reese sold 11,555 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $17.50, for a total value of $202,212.50. Following the sale, the president now directly owns 508,210 shares in the company, valued at $8,893,675. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Travis M. Reese sold 88,445 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $17.50, for a total value of $1,547,787.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,000 shares of company stock worth $2,200,000. 2.40% of the stock is owned by insiders.
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FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Wednesday, November 1st. The information security company reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.03. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The company had revenue of $189.60 million for the quarter, compared to analysts’ expectations of $186.41 million. During the same period last year, the firm earned ($0.18) earnings per share. FireEye’s quarterly revenue was up 1.7% on a year-over-year basis.
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).
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