Kornitzer Capital Management Inc. KS bought a new position in Proofpoint Inc (NASDAQ:PFPT) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 35,370 shares of the software maker’s stock, valued at approximately $3,141,000.
Several other institutional investors have also bought and sold shares of PFPT. D.A. Davidson & CO. increased its holdings in shares of Proofpoint by 57.9% in the 2nd quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock worth $102,000 after buying an additional 431 shares during the last quarter. Exane Derivatives increased its holdings in shares of Proofpoint by 901.8% in the 4th quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock worth $152,000 after buying an additional 1,542 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Proofpoint in the 2nd quarter worth about $215,000. Gotham Asset Management LLC bought a new stake in shares of Proofpoint in the 2nd quarter worth about $222,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Proofpoint by 17.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,724 shares of the software maker’s stock worth $235,000 after buying an additional 409 shares during the last quarter.
PFPT has been the topic of a number of research reports. Evercore ISI restated a “buy” rating and issued a $105.00 target price on shares of Proofpoint in a report on Wednesday, November 22nd. UBS Group initiated coverage on shares of Proofpoint in a report on Tuesday, October 31st. They issued a “market perform” rating on the stock. Piper Jaffray Companies set a $105.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a report on Friday, October 20th. Robert W. Baird reaffirmed a “hold” rating and set a $100.00 price target on shares of Proofpoint in a research note on Tuesday, November 7th. Finally, Zacks Investment Research cut shares of Proofpoint from a “buy” rating to a “hold” rating in a research note on Thursday, December 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $104.58.
Shares of Proofpoint Inc (NASDAQ:PFPT) opened at $101.55 on Monday. The company has a debt-to-equity ratio of 11.57, a current ratio of 1.51 and a quick ratio of 1.51. Proofpoint Inc has a 52-week low of $70.30 and a 52-week high of $104.62.
In other Proofpoint news, CEO Gary Steele sold 40,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $90.88, for a total value of $3,635,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Knight sold 3,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $88.99, for a total transaction of $266,970.00. Following the completion of the sale, the executive vice president now directly owns 16,874 shares of the company’s stock, valued at $1,501,617.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 165,549 shares of company stock valued at $14,900,426. 5.96% of the stock is owned by corporate insiders.
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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