BidaskClub upgraded shares of FireEye (NASDAQ:FEYE) from a strong sell rating to a sell rating in a report issued on Friday morning.
Several other equities research analysts have also recently weighed in on FEYE. Piper Jaffray Companies reaffirmed a hold rating and issued a $18.50 price target on shares of FireEye in a research report on Tuesday, September 26th. Zacks Investment Research cut shares of FireEye from a hold rating to a sell rating in a research report on Tuesday. Evercore ISI set a $20.00 price target on shares of FireEye and gave the stock a buy rating in a research report on Sunday, October 15th. Vetr raised shares of FireEye from a hold rating to a strong-buy rating and set a $22.32 price target for the company in a research report on Monday, September 18th. Finally, Standpoint Research cut shares of FireEye from a buy rating to a hold rating and set a $18.00 price target for the company. in a research report on Monday, September 18th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $17.22.
Shares of FireEye (NASDAQ:FEYE) traded up $0.03 on Friday, hitting $15.11. 2,945,795 shares of the stock traded hands, compared to its average volume of 2,740,000. FireEye has a 52-week low of $10.35 and a 52-week high of $18.00. The stock has a market cap of $2,790.00, a PE ratio of -9.10 and a beta of 0.52. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98.
In other news, EVP Alexa King sold 25,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $18.00, for a total value of $450,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald E. F. Codd sold 6,767 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $13.57, for a total transaction of $91,828.19. Following the completion of the sale, the director now directly owns 7,099 shares in the company, valued at $96,333.43. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in shares of FireEye in the 3rd quarter valued at $513,000. Wealthcare Advisory Partners LLC purchased a new stake in FireEye during the third quarter worth $129,000. Neuberger Berman Group LLC boosted its holdings in FireEye by 9.5% during the third quarter. Neuberger Berman Group LLC now owns 2,726,371 shares of the information security company’s stock worth $45,721,000 after buying an additional 237,575 shares in the last quarter. California Public Employees Retirement System boosted its holdings in FireEye by 1.5% during the third quarter. California Public Employees Retirement System now owns 352,800 shares of the information security company’s stock worth $5,916,000 after buying an additional 5,200 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in FireEye by 9.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,622 shares of the information security company’s stock worth $766,000 after buying an additional 4,072 shares in the last quarter. 68.33% of the stock is currently owned by institutional investors and hedge funds.
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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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