Brown Advisory Inc. Raises Position in Proofpoint Inc (PFPT)

Brown Advisory Inc. increased its position in shares of Proofpoint Inc (NASDAQ:PFPT) by 17.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 289,731 shares of the software maker’s stock after purchasing an additional 42,577 shares during the quarter. Brown Advisory Inc. owned 0.57% of Proofpoint worth $32,929,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. MetLife Investment Advisors LLC acquired a new position in Proofpoint during the fourth quarter worth $1,757,000. Xact Kapitalforvaltning AB acquired a new position in shares of Proofpoint in the fourth quarter worth $429,000. Highland Capital Management LP raised its holdings in shares of Proofpoint by 3.7% in the fourth quarter. Highland Capital Management LP now owns 58,000 shares of the software maker’s stock worth $5,151,000 after acquiring an additional 2,076 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Proofpoint by 13.9% in the fourth quarter. Two Sigma Advisers LP now owns 401,441 shares of the software maker’s stock worth $35,652,000 after acquiring an additional 49,000 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Proofpoint by 66.5% in the fourth quarter. Renaissance Technologies LLC now owns 291,700 shares of the software maker’s stock worth $25,906,000 after acquiring an additional 116,500 shares during the last quarter.

In other Proofpoint news, SVP Robert Darren Lee sold 4,711 shares of the business’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $122.97, for a total transaction of $579,311.67. Following the completion of the sale, the senior vice president now owns 4,044 shares of the company’s stock, valued at $497,290.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Eric Hahn sold 5,000 shares of the business’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $124.65, for a total value of $623,250.00. Following the sale, the chairman now directly owns 8,001 shares of the company’s stock, valued at approximately $997,324.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,788 shares of company stock valued at $2,869,242. 5.96% of the stock is owned by company insiders.

Shares of NASDAQ:PFPT opened at $115.31 on Friday. The firm has a market capitalization of $5.89 billion, a PE ratio of -88.02 and a beta of 1.15. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.66. Proofpoint Inc has a 52 week low of $82.61 and a 52 week high of $130.27.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Thursday, April 26th. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.15. Proofpoint had a negative return on equity of 21.55% and a negative net margin of 12.58%. The firm had revenue of $162.50 million during the quarter, compared to the consensus estimate of $151.86 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. research analysts anticipate that Proofpoint Inc will post -1.12 earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on the company. Wedbush reissued an “outperform” rating and issued a $136.00 price target (up from $130.00) on shares of Proofpoint in a report on Friday, April 27th. Goldman Sachs Group raised Proofpoint from a “sell” rating to a “neutral” rating and set a $112.00 price target for the company in a report on Tuesday, April 10th. ValuEngine raised Proofpoint from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Evercore ISI reissued a “buy” rating and issued a $135.00 price target on shares of Proofpoint in a report on Friday, April 27th. Finally, Imperial Capital boosted their price target on Proofpoint from $120.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, April 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Proofpoint has a consensus rating of “Buy” and an average target price of $125.05.

Proofpoint Profile

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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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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