Strs Ohio purchased a new position in FireEye Inc (NASDAQ:FEYE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,494 shares of the information security company’s stock, valued at approximately $223,000.
Several other institutional investors and hedge funds also recently modified their holdings of FEYE. Point72 Asia Hong Kong Ltd boosted its position in shares of FireEye by 946.5% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 7,336 shares of the information security company’s stock worth $124,000 after purchasing an additional 6,635 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of FireEye by 56.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 7,800 shares of the information security company’s stock worth $132,000 after purchasing an additional 2,830 shares in the last quarter. Natixis Advisors L.P. bought a new stake in shares of FireEye in the 1st quarter worth approximately $201,000. Seven Eight Capital LP bought a new stake in shares of FireEye in the 1st quarter worth approximately $236,000. Finally, Alps Advisors Inc. bought a new stake in shares of FireEye in the 2nd quarter worth approximately $268,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.
FEYE has been the topic of a number of analyst reports. BidaskClub cut FireEye from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. UBS Group boosted their price target on FireEye from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 29th. ValuEngine raised FireEye from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Piper Jaffray Companies raised FireEye from a “neutral” rating to an “overweight” rating and set a $24.00 price target on the stock in a research report on Monday, July 9th. Finally, BMO Capital Markets dropped their price target on FireEye from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. FireEye presently has an average rating of “Hold” and an average price target of $19.62.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Wednesday, August 1st. The information security company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.01. FireEye had a negative net margin of 37.13% and a negative return on equity of 25.26%. The company had revenue of $203.00 million during the quarter, compared to analyst estimates of $201.54 million. During the same period in the previous year, the business earned ($0.04) EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. analysts anticipate that FireEye Inc will post -0.79 EPS for the current year.
In other FireEye news, President Travis M. Reese sold 3,201 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $14.46, for a total transaction of $46,286.46. Following the completion of the sale, the president now directly owns 715,060 shares in the company, valued at approximately $10,339,767.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Kevin R. Mandia sold 15,701 shares of the business’s stock in a transaction on Monday, June 18th. The shares were sold at an average price of $16.95, for a total transaction of $266,131.95. Following the sale, the chief executive officer now owns 3,103,942 shares of the company’s stock, valued at $52,611,816.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,521 shares of company stock valued at $567,189. 2.40% of the stock is owned by company insiders.
FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.
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