Proofpoint Inc. (NASDAQ:PFPT) reached a new 52-week high on Thursday . The company traded as high as $76.45 and last traded at $76.04, with a volume of 341,968 shares traded. The stock had previously closed at $74.54.

A number of equities research analysts recently weighed in on the company. Deutsche Bank AG set a $80.00 price target on Proofpoint and gave the stock a “buy” rating in a report on Sunday. Piper Jaffray Cos. restated a “buy” rating on shares of Proofpoint in a report on Saturday, April 23rd. Pacific Crest restated a “buy” rating on shares of Proofpoint in a report on Sunday, May 22nd. Wedbush restated a “buy” rating and issued a $78.00 price target (up previously from $77.00) on shares of Proofpoint in a report on Saturday, April 23rd. Finally, Royal Bank Of Canada upped their price target on Proofpoint from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, July 22nd. One research analyst has rated the stock with a hold rating and twenty-three have given a buy rating to the company. Proofpoint has a consensus rating of “Buy” and a consensus target price of $77.09.

The stock’s 50 day moving average is $65.02 and its 200 day moving average is $55.69. The company’s market capitalization is $3.21 billion.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.13. The business earned $89.90 million during the quarter, compared to analyst estimates of $84.22 million. Analysts anticipate that Proofpoint Inc. will post $0.01 earnings per share for the current year.

In other Proofpoint news, EVP David Knight sold 10,000 shares of Proofpoint stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $70.20, for a total transaction of $702,000.00. Following the transaction, the executive vice president now directly owns 15,889 shares in the company, valued at approximately $1,115,407.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tracey Newell sold 20,000 shares of Proofpoint stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $58.33, for a total transaction of $1,166,600.00. Following the transaction, the executive vice president now owns 36,631 shares in the company, valued at $2,136,686.23. The disclosure for this sale can be found here.

Other institutional investors have recently bought and sold shares of the company. Jennison Associates LLC boosted its position in Proofpoint by 12.4% in the fourth quarter. Jennison Associates LLC now owns 422,129 shares of the company’s stock valued at $27,443,000 after buying an additional 46,580 shares during the last quarter. Zweig DiMenna Associates LLC purchased a new position in Proofpoint during the fourth quarter valued at $21,434,000. State of Wisconsin Investment Board boosted its position in Proofpoint by 51.4% in the fourth quarter. State of Wisconsin Investment Board now owns 147,322 shares of the company’s stock valued at $9,577,000 after buying an additional 50,000 shares during the last quarter. New York State Common Retirement Fund boosted its position in Proofpoint by 45.8% in the fourth quarter. New York State Common Retirement Fund now owns 144,025 shares of the company’s stock valued at $9,363,000 after buying an additional 45,217 shares during the last quarter. Finally, Turner Investments L.P. boosted its position in Proofpoint by 25.6% in the fourth quarter. Turner Investments L.P. now owns 93,950 shares of the company’s stock valued at $6,108,000 after buying an additional 19,160 shares during the last quarter.

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations around the world. The Company’s security-as-a-service platform consists of a suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

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