State of Wisconsin Investment Board Raises Stake in Proofpoint Inc (PFPT)

State of Wisconsin Investment Board increased its position in shares of Proofpoint Inc (NASDAQ:PFPT) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,374 shares of the software maker’s stock after acquiring an additional 9,274 shares during the quarter. State of Wisconsin Investment Board owned about 0.36% of Proofpoint worth $21,375,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Stratos Wealth Partners LTD. lifted its stake in Proofpoint by 4,395.0% in the first quarter. Stratos Wealth Partners LTD. now owns 899 shares of the software maker’s stock valued at $102,000 after buying an additional 879 shares during the period. Cerebellum GP LLC acquired a new position in Proofpoint in the second quarter valued at about $163,000. World Asset Management Inc acquired a new position in Proofpoint in the second quarter valued at about $205,000. Commonwealth Equity Services LLC acquired a new position in Proofpoint in the first quarter valued at about $216,000. Finally, Hartford Investment Management Co. acquired a new position in Proofpoint in the second quarter valued at about $230,000.

Proofpoint opened at $117.16 on Monday, according to Marketbeat. The stock has a market cap of $6.01 billion, a PE ratio of -89.44 and a beta of 1.18. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.69. Proofpoint Inc has a one year low of $82.61 and a one year high of $130.27.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, July 26th. The software maker reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.09. The business had revenue of $171.90 million during the quarter, compared to the consensus estimate of $169.46 million. Proofpoint had a negative return on equity of 16.48% and a negative net margin of 12.93%. Proofpoint’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. research analysts anticipate that Proofpoint Inc will post -1.18 earnings per share for the current fiscal year.

PFPT has been the topic of several analyst reports. Citigroup increased their target price on Proofpoint from $118.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 16th. Evercore ISI reissued a “buy” rating and issued a $135.00 target price on shares of Proofpoint in a research note on Wednesday, May 30th. Wedbush reissued an “outperform” rating and issued a $136.00 target price on shares of Proofpoint in a research note on Tuesday, May 15th. Zacks Investment Research lowered Proofpoint from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Finally, BidaskClub lowered Proofpoint from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 31st. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $128.68.

In related news, SVP Robert Darren Lee sold 4,711 shares of the stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $122.97, for a total transaction of $579,311.67. Following the completion of the transaction, the senior vice president now directly owns 4,044 shares in the company, valued at $497,290.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Paul R. Auvil III sold 40,000 shares of the stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $117.75, for a total value of $4,710,000.00. Following the transaction, the chief financial officer now owns 150,849 shares of the company’s stock, valued at $17,762,469.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 207,711 shares of company stock valued at $24,788,952. 3.37% of the stock is owned by corporate insiders.

Proofpoint Profile

Proofpoint, Inc operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ?drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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