New York State Common Retirement Fund Boosts Position in Proofpoint Inc (PFPT)

New York State Common Retirement Fund boosted its holdings in shares of Proofpoint Inc (NASDAQ:PFPT) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 214,496 shares of the software maker’s stock after purchasing an additional 2,810 shares during the period. New York State Common Retirement Fund owned about 0.48% of Proofpoint worth $18,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. raised its position in shares of Proofpoint by 57.9% in the second quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock worth $102,000 after acquiring an additional 431 shares during the period. Fortaleza Asset Management Inc. raised its position in shares of Proofpoint by 22.4% in the second quarter. Fortaleza Asset Management Inc. now owns 1,696 shares of the software maker’s stock worth $147,000 after acquiring an additional 310 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Proofpoint in the second quarter worth about $215,000. Bluestein R H & Co. acquired a new position in shares of Proofpoint in the second quarter worth about $217,000. Finally, Gotham Asset Management LLC acquired a new position in shares of Proofpoint in the second quarter worth about $222,000.

In related news, EVP David Knight sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $91.19, for a total transaction of $273,570.00. Following the completion of the sale, the executive vice president now owns 16,874 shares of the company’s stock, valued at approximately $1,538,740.06. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Tracey Newell sold 8,183 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $90.30, for a total transaction of $738,924.90. Following the sale, the executive vice president now directly owns 20,170 shares of the company’s stock, valued at approximately $1,821,351. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 171,549 shares of company stock valued at $15,407,300. 5.96% of the stock is owned by corporate insiders.

Proofpoint Inc (PFPT) opened at $88.71 on Friday. Proofpoint Inc has a 1 year low of $69.23 and a 1 year 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 announced its quarterly earnings data on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.07. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. The company had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $131.48 million. During the same quarter in the prior year, the company earned $0.19 EPS. Proofpoint’s revenue was up 34.6% compared to the same quarter last year. equities research analysts expect that Proofpoint Inc will post -0.88 earnings per share for the current fiscal year.

A number of research analysts have weighed in on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $103.00 price objective on shares of Proofpoint in a research report on Thursday, August 31st. Wedbush reiterated an “outperform” rating and issued a $104.00 price objective on shares of Proofpoint in a research report on Friday, September 8th. Piper Jaffray Companies set a $100.00 price objective on shares of Proofpoint and gave the stock a “buy” rating in a research report on Sunday, October 15th. Evercore ISI set a $105.00 price objective on shares of Proofpoint and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Proofpoint in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $102.09.

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About Proofpoint

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.

Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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