Amundi Pioneer Asset Management Inc. acquired a new stake in Proofpoint Inc (NASDAQ:PFPT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 64,600 shares of the software maker’s stock, valued at approximately $5,737,000.
Several other hedge funds have also made changes to their positions in PFPT. Exane Derivatives increased its position in shares of Proofpoint by 901.8% during the 4th quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock worth $152,000 after purchasing an additional 1,542 shares in the last quarter. Sigma Planning Corp acquired a new stake in shares of Proofpoint during the 4th quarter worth about $238,000. GSA Capital Partners LLP acquired a new stake in shares of Proofpoint during the 3rd quarter worth about $317,000. Aperio Group LLC increased its position in shares of Proofpoint by 24.2% during the 3rd quarter. Aperio Group LLC now owns 4,461 shares of the software maker’s stock worth $389,000 after purchasing an additional 870 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Proofpoint during the 3rd quarter worth about $395,000.
In other news, SVP Robert Darren Lee sold 5,711 shares of the firm’s stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of $81.45, for a total value of $465,160.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bhagwat Swaroop sold 900 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $98.86, for a total transaction of $88,974.00. Following the completion of the transaction, the executive vice president now directly owns 4,077 shares in the company, valued at approximately $403,052.22. The disclosure for this sale can be found here. Insiders sold a total of 136,120 shares of company stock worth $13,359,684 in the last ninety days. Insiders own 5.96% of the company’s stock.
A number of brokerages recently issued reports on PFPT. Dougherty & Co increased their target price on shares of Proofpoint from $108.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Stifel Nicolaus increased their price objective on shares of Proofpoint from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. TheStreet raised shares of Proofpoint from a “d” rating to a “c-” rating in a report on Wednesday, February 7th. Monness Crespi & Hardt reissued a “buy” rating and set a $120.00 price objective (up previously from $115.00) on shares of Proofpoint in a report on Friday, March 2nd. Finally, Wedbush reissued an “outperform” rating and set a $106.00 price objective (down previously from $108.00) on shares of Proofpoint in a report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $110.75.
PFPT stock opened at $120.41 on Wednesday. The stock has a market cap of $5,999.34, a PE ratio of -63.04 and a beta of 1.31. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.06. Proofpoint Inc has a one year low of $70.30 and a one year high of $123.87.
Proofpoint (NASDAQ:PFPT) last issued its earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.08. The company had revenue of $145.40 million for the quarter, compared to analyst estimates of $139.61 million. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 54.09%. The company’s revenue for the quarter was up 36.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. sell-side analysts expect that Proofpoint Inc will post -1.01 earnings per share for the current fiscal year.
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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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