Brown Advisory Inc. increased its holdings in Proofpoint Inc (NASDAQ:PFPT) by 17.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 289,731 shares of the software maker’s stock after acquiring an additional 42,577 shares during the quarter. Brown Advisory Inc.’s holdings in Proofpoint were worth $32,929,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. lifted its stake in shares of Proofpoint by 4,395.0% in the first quarter. Stratos Wealth Partners LTD. now owns 899 shares of the software maker’s stock worth $102,000 after acquiring an additional 879 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Proofpoint in the first quarter worth about $216,000. Optimum Investment Advisors acquired a new position in shares of Proofpoint in the first quarter worth about $227,000. Lido Advisors LLC acquired a new position in shares of Proofpoint in the first quarter worth about $244,000. Finally, Brinker Capital Inc. acquired a new position in shares of Proofpoint in the first quarter worth about $260,000.
PFPT has been the topic of several recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $136.00 price target (up previously from $130.00) on shares of Proofpoint in a research note on Friday, April 27th. Evercore ISI reiterated a “buy” rating and issued a $135.00 price target on shares of Proofpoint in a research note on Wednesday, May 30th. ValuEngine upgraded Proofpoint from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Cowen reiterated a “buy” rating and issued a $125.00 price target on shares of Proofpoint in a research note on Friday, April 20th. Finally, Monness Crespi & Hardt boosted their price target on Proofpoint from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $125.05.
In other news, EVP Bhagwat Swaroop sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $125.61, for a total transaction of $125,610.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Eric Hahn sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $113.64, for a total value of $568,200.00. Following the transaction, the chairman now directly owns 18,401 shares of the company’s stock, valued at $2,091,089.64. The disclosure for this sale can be found here. Insiders have sold 23,788 shares of company stock valued at $2,869,242 over the last ninety days. Corporate insiders own 5.96% of the company’s stock.
Proofpoint opened at $115.31 on Friday, MarketBeat.com reports. The company has a market cap of $5.89 billion, a PE ratio of -88.02 and a beta of 1.15. Proofpoint Inc has a 52 week low of $82.61 and a 52 week high of $130.27. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.60 and a quick ratio of 0.60.
Proofpoint (NASDAQ:PFPT) last posted its earnings results on Thursday, April 26th. The software maker reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.15. The company had revenue of $162.50 million during the quarter, compared to analyst estimates of $151.86 million. Proofpoint had a negative return on equity of 21.55% and a negative net margin of 12.58%. The business’s revenue was up 40.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 earnings per share. equities research analysts anticipate that Proofpoint Inc will post -1.12 EPS for the current year.
Proofpoint, Inc operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ?drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.
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