Traders Buy Large Volume of FireEye Put Options (NASDAQ:FEYE)

FireEye, Inc. (NASDAQ:FEYE) saw some unusual options trading activity on Wednesday. Traders purchased 1,048 put options on the company. This represents an increase of 482% compared to the typical volume of 180 put options.

A number of brokerages have weighed in on FEYE. Goldman Sachs Group, Inc. (The) upgraded shares of FireEye from a “sell” rating to a “buy” rating and upped their price objective for the stock from $10.00 to $15.00 in a research report on Thursday, March 23rd. Bank of America Corporation upgraded shares of FireEye from a “neutral” rating to a “buy” rating and upped their price target for the stock from $13.50 to $18.00 in a research report on Monday, March 20th. Vetr downgraded shares of FireEye from a “strong-buy” rating to a “buy” rating and set a $14.28 price target for the company. in a research report on Wednesday, March 29th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $23.00 price objective on shares of FireEye in a research note on Thursday, May 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price objective (up previously from $17.00) on shares of FireEye in a research note on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. FireEye presently has a consensus rating of “Hold” and an average price target of $15.54.

Shares of FireEye (FEYE) opened at 15.50 on Tuesday. FireEye has a one year low of $10.35 and a one year high of $18.42. The stock’s market cap is $2.76 billion. The stock has a 50 day moving average of $15.25 and a 200 day moving average of $13.02.

Several institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised its position in FireEye by 37.4% in the first quarter. Bank of Montreal Can now owns 7,887 shares of the information security company’s stock valued at $100,000 after buying an additional 2,147 shares during the last quarter. Searle & CO. acquired a new position in FireEye during the fourth quarter valued at $129,000. Patriot Financial Group Insurance Agency LLC acquired a new position in FireEye during the fourth quarter valued at $131,000. Sigma Planning Corp acquired a new position in FireEye during the first quarter valued at $132,000. Finally, US Bancorp DE boosted its position in FireEye by 271.0% in the first quarter. US Bancorp DE now owns 10,662 shares of the information security company’s stock valued at $135,000 after buying an additional 7,788 shares during the period. Institutional investors own 67.37% of the company’s stock.

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FireEye Company Profile

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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