FireEye, Inc. (FEYE) Position Raised by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its position in FireEye, Inc. (NASDAQ:FEYE) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 199,839 shares of the information security company’s stock after purchasing an additional 22,465 shares during the period. King Luther Capital Management Corp owned about 0.11% of FireEye worth $3,351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FEYE. ETF Managers Group LLC acquired a new stake in FireEye in the second quarter valued at about $43,372,000. Balyasny Asset Management LLC lifted its position in shares of FireEye by 213.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company’s stock valued at $44,144,000 after acquiring an additional 1,975,924 shares during the period. Pinnacle Associates Ltd. lifted its position in shares of FireEye by 81.7% during the 2nd quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock valued at $52,385,000 after acquiring an additional 1,548,425 shares during the period. Vanguard Group Inc. lifted its position in shares of FireEye by 7.9% during the 2nd quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock valued at $191,317,000 after acquiring an additional 917,967 shares during the period. Finally, Nationwide Fund Advisors acquired a new stake in shares of FireEye during the 2nd quarter valued at approximately $8,593,000. Hedge funds and other institutional investors own 68.39% of the company’s stock.

A number of equities research analysts have recently issued reports on FEYE shares. Goldman Sachs Group reiterated a “buy” rating and set a $19.00 price target on shares of FireEye in a research report on Wednesday, August 23rd. Evercore ISI set a $20.00 price target on shares of FireEye and gave the company a “buy” rating in a research report on Friday, August 11th. Bank of America lifted their price target on shares of FireEye from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, September 25th. Oppenheimer reiterated a “buy” rating and set a $23.00 price target on shares of FireEye in a research report on Monday, September 18th. Finally, Northland Securities set a $22.00 price target on shares of FireEye and gave the company a “buy” rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. FireEye has a consensus rating of “Hold” and an average target price of $17.22.

FireEye, Inc. (NASDAQ FEYE) opened at $13.81 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.98 and a current ratio of 1.99. FireEye, Inc. has a 12-month low of $10.35 and a 12-month high of $18.00.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Wednesday, November 1st. The information security company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. FireEye had a negative return on equity of 23.71% and a negative net margin of 39.29%. The firm had revenue of $189.60 million during the quarter, compared to the consensus estimate of $186.41 million. During the same period in the previous year, the firm posted ($0.18) EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. sell-side analysts anticipate that FireEye, Inc. will post -1.07 earnings per share for the current fiscal year.

In other FireEye news, Director Ronald E. F. Codd sold 6,767 shares of FireEye stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $13.57, for a total value of $91,828.19. Following the completion of the sale, the director now directly owns 7,099 shares of the company’s stock, valued at approximately $96,333.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alexa King sold 25,000 shares of FireEye stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $18.00, for a total transaction of $450,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 131,767 shares of company stock valued at $2,291,828 over the last 90 days. Insiders own 2.40% of the company’s stock.

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FireEye 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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Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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