Amundi Pioneer Asset Management Inc. Takes $5.74 Million Position in Proofpoint Inc (PFPT)

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.

How to Become a New Pot Stock Millionaire

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.

TRADEMARK VIOLATION NOTICE: “Amundi Pioneer Asset Management Inc. Takes $5.74 Million Position in Proofpoint Inc (PFPT)” was first posted by Stock Observer and is owned by of Stock Observer. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.thestockobserver.com/2018/03/21/amundi-pioneer-asset-management-inc-takes-5-74-million-position-in-proofpoint-inc-pfpt.html.

Proofpoint Profile

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.

Want to see what other hedge funds are holding PFPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Proofpoint Inc (NASDAQ:PFPT).

Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

Receive News & Ratings for Proofpoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply