Stephens Investment Management Group LLC lessened its stake in shares of Proofpoint, Inc. (NASDAQ:PFPT) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 707,288 shares of the software maker’s stock after selling 7,846 shares during the period. Proofpoint accounts for approximately 1.4% of Stephens Investment Management Group LLC’s holdings, making the stock its 9th biggest position. Stephens Investment Management Group LLC owned 1.58% of Proofpoint worth $61,690,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Proofpoint by 444.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 13,529 shares of the software maker’s stock valued at $1,180,000 after acquiring an additional 11,045 shares during the last quarter. Cipher Capital LP lifted its holdings in shares of Proofpoint by 106.6% in the 3rd quarter. Cipher Capital LP now owns 14,247 shares of the software maker’s stock valued at $1,243,000 after acquiring an additional 7,351 shares during the last quarter. Columbia Partners L L C Investment Management lifted its holdings in shares of Proofpoint by 11.5% in the 3rd quarter. Columbia Partners L L C Investment Management now owns 22,469 shares of the software maker’s stock valued at $1,959,000 after acquiring an additional 2,319 shares during the last quarter. 361 Capital LLC bought a new position in shares of Proofpoint in the 3rd quarter valued at about $2,041,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Proofpoint by 386.1% in the 3rd quarter. SG Americas Securities LLC now owns 11,954 shares of the software maker’s stock valued at $1,043,000 after acquiring an additional 9,495 shares during the last quarter.
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Shares of Proofpoint, Inc. (NASDAQ:PFPT) traded down $1.07 during trading hours on Monday, hitting $90.00. 427,200 shares of the stock were exchanged, compared to its average volume of 642,391. Proofpoint, Inc. has a fifty-two week low of $69.19 and a fifty-two week high of $97.92. The company has a debt-to-equity ratio of 11.57, a quick ratio of 1.51 and a current ratio of 1.51.
Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.07. The company had revenue of $134.30 million for the quarter, compared to analyst estimates of $131.48 million. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. Proofpoint’s revenue was up 34.6% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. sell-side analysts anticipate that Proofpoint, Inc. will post -0.88 earnings per share for the current year.
In related news, CEO Gary Steele sold 40,000 shares of Proofpoint stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $89.54, for a total transaction of $3,581,600.00. Following the transaction, the chief executive officer now directly owns 88,551 shares of the company’s stock, valued at $7,928,856.54. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David Knight sold 3,000 shares of Proofpoint stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $90.76, for a total transaction of $272,280.00. Following the transaction, the executive vice president now directly owns 16,874 shares in the company, valued at $1,531,484.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,366 shares of company stock worth $15,215,777. 5.96% of the stock is currently owned by corporate insiders.
A number of research analysts recently commented on PFPT shares. FBN Securities reaffirmed an “outperform” rating and issued a $105.00 price target (up previously from $100.00) on shares of Proofpoint in a report on Saturday, September 9th. Robert W. Baird reaffirmed a “hold” rating and issued a $100.00 price target on shares of Proofpoint in a report on Tuesday, November 7th. Cowen and Company started coverage on shares of Proofpoint in a report on Thursday, August 17th. They issued an “outperform” rating and a $105.00 price target for the company. Deutsche Bank AG reaffirmed a “buy” rating and issued a $114.00 price target (up previously from $100.00) on shares of Proofpoint in a report on Wednesday, October 18th. Finally, Monness Crespi & Hardt started coverage on shares of Proofpoint in a report on Monday, October 16th. They issued a “buy” rating and a $110.00 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company. Proofpoint currently has an average rating of “Buy” and a consensus price target of $101.70.
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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