Driehaus Capital Management LLC Has $5.46 Million Holdings in Proofpoint Inc (PFPT)

Driehaus Capital Management LLC decreased its position in shares of Proofpoint Inc (NASDAQ:PFPT) by 2.6% in the 4th quarter, Holdings Channel reports. The firm owned 61,517 shares of the software maker’s stock after selling 1,655 shares during the quarter. Driehaus Capital Management LLC’s holdings in Proofpoint were worth $5,463,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Proofpoint in the 2nd quarter valued at $253,000. JPMorgan Chase & Co. increased its stake in shares of Proofpoint by 133.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 870,784 shares of the software maker’s stock valued at $76,551,000 after acquiring an additional 498,462 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Proofpoint by 13.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,870 shares of the software maker’s stock valued at $1,995,000 after acquiring an additional 2,728 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its stake in shares of Proofpoint by 126.4% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 8,328 shares of the software maker’s stock valued at $726,000 after acquiring an additional 4,650 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in shares of Proofpoint by 8.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,012,092 shares of the software maker’s stock valued at $262,715,000 after acquiring an additional 225,970 shares in the last quarter.

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Proofpoint Inc (NASDAQ:PFPT) opened at $118.85 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.07. The stock has a market cap of $5,360.00, a price-to-earnings ratio of -60.64 and a beta of 1.31. Proofpoint Inc has a fifty-two week low of $70.30 and a fifty-two week high of $122.28.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.08. The firm had revenue of $145.40 million for the quarter, compared to the consensus estimate of $139.61 million. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 54.09%. The business’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. sell-side analysts anticipate that Proofpoint Inc will post -0.91 earnings per share for the current fiscal year.

Several research firms have recently weighed in on PFPT. Piper Jaffray Companies reiterated an “overweight” rating and issued a $134.00 price objective on shares of Proofpoint in a research note on Friday. Dougherty & Co restated a “buy” rating and set a $125.00 price target (up previously from $118.00) on shares of Proofpoint in a research note on Tuesday. Wedbush restated an “outperform” rating and set a $114.00 price target (down previously from $130.00) on shares of Proofpoint in a research note on Wednesday. BTIG Research boosted their price target on shares of Proofpoint from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, March 5th. Finally, Zacks Investment Research upgraded shares of Proofpoint from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $109.67.

In related news, SVP Robert Darren Lee sold 18,139 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $97.73, for a total value of $1,772,724.47. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Eric Hahn sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $105.93, for a total transaction of $529,650.00. Following the completion of the transaction, the chairman now directly owns 28,001 shares in the company, valued at $2,966,145.93. The disclosure for this sale can be found here. Insiders have sold a total of 139,303 shares of company stock worth $13,511,751 over the last ninety days. Insiders own 5.96% of the company’s stock.

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Proofpoint Profile

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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