Quantbot Technologies LP Acquires 65,686 Shares of FireEye, Inc. (FEYE)

Quantbot Technologies LP grew its stake in FireEye, Inc. (NASDAQ:FEYE) by 1,373.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,470 shares of the information security company’s stock after purchasing an additional 65,686 shares during the period. Quantbot Technologies LP’s holdings in FireEye were worth $1,181,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in FireEye by 7.9% during the 2nd quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock worth $191,317,000 after purchasing an additional 917,967 shares during the period. Pinnacle Associates Ltd. increased its holdings in shares of FireEye by 81.7% in the 2nd quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock valued at $52,385,000 after acquiring an additional 1,548,425 shares during the period. Balyasny Asset Management LLC increased its holdings in shares of FireEye by 213.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company’s stock valued at $44,144,000 after acquiring an additional 1,975,924 shares during the period. ETF Managers Group LLC purchased a new position in shares of FireEye in the 2nd quarter valued at $43,372,000. Finally, Neuberger Berman Group LLC increased its holdings in shares of FireEye by 10.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,488,796 shares of the information security company’s stock valued at $37,855,000 after acquiring an additional 229,245 shares during the period. 68.39% of the stock is owned by institutional investors and hedge funds.

Shares of FireEye, Inc. (NASDAQ FEYE) traded down $0.09 during midday trading on Wednesday, hitting $13.67. The stock had a trading volume of 2,834,596 shares, compared to its average volume of 5,402,083. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.98 and a current ratio of 1.99. FireEye, Inc. has a twelve month low of $10.35 and a twelve month high of $18.00.

FireEye (NASDAQ:FEYE) last posted its earnings results on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. The firm had revenue of $189.60 million for the quarter, compared to analyst estimates of $186.41 million. FireEye had a negative return on equity of 23.71% and a negative net margin of 39.29%. FireEye’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.18) earnings per share. analysts anticipate that FireEye, Inc. will post -1.07 earnings per share for the current year.

FEYE has been the topic of several research analyst reports. BidaskClub upgraded FireEye from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Evercore ISI set a $20.00 price target on FireEye and gave the stock a “buy” rating in a research report on Sunday, October 15th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $18.50 price target on shares of FireEye in a research report on Tuesday, September 26th. Deutsche Bank reissued a “hold” rating and issued a $15.00 price objective on shares of FireEye in a report on Tuesday, August 8th. Finally, BMO Capital Markets decreased their price objective on FireEye from $17.00 to $16.00 and set a “market perform” rating for the company in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $17.22.

In related news, EVP Alexa King sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $18.00, for a total transaction of $450,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ronald E. F. Codd sold 6,767 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $13.57, for a total value of $91,828.19. Following the transaction, the director now directly owns 7,099 shares in the company, valued at approximately $96,333.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,767 shares of company stock worth $2,291,828. Corporate insiders own 2.40% of the company’s stock.

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FireEye Company Profile

FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).

Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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