Shares of Proofpoint Inc. (NASDAQ:PFPT) reached a new 52-week high during trading on Monday . The stock traded as high as $77.16 and last traded at $76.71, with a volume of 234,249 shares traded. The stock had previously closed at $74.88.

PFPT has been the subject of several recent analyst reports. BTIG Research restated a “buy” rating and issued a $82.00 target price on shares of Proofpoint in a research note on Sunday, April 24th. Morgan Stanley restated an “overweight” rating on shares of Proofpoint in a research note on Wednesday, June 29th. Credit Suisse Group AG restated a “buy” rating and issued a $85.00 target price on shares of Proofpoint in a research note on Thursday, June 9th. Dougherty & Co raised their target price on shares of Proofpoint from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, July 22nd. Finally, Needham & Company LLC started coverage on shares of Proofpoint in a research note on Monday, August 1st. They issued a “buy” rating and a $88.00 target price for the company. One analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $78.29.

The stock has a 50 day moving average of $69.26 and a 200-day moving average of $57.19. The company’s market cap is $3.20 billion.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data 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 company had revenue of $89.90 million for the quarter, compared to analyst estimates of $84.22 million. Equities analysts anticipate that Proofpoint Inc. will post $0.09 EPS for the current fiscal year.

In other news, Chairman Eric Hahn sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $54.46, for a total value of $272,300.00. Following the transaction, the chairman now owns 118,164 shares in the company, valued at approximately $6,435,211.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Knight sold 20,300 shares of the company’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $60.14, for a total value of $1,220,842.00. Following the completion of the transaction, the executive vice president now owns 15,592 shares in the company, valued at approximately $937,702.88. The disclosure for this sale can be found here.

Several institutional investors have modified their holdings of PFPT. Advisors Asset Management Inc. increased its position in shares of Proofpoint by 812.3% in the fourth quarter. Advisors Asset Management Inc. now owns 33,227 shares of the company’s stock worth $2,160,000 after buying an additional 29,585 shares in the last quarter. Rhumbline Advisers increased its position in shares of Proofpoint by 8.7% in the fourth quarter. Rhumbline Advisers now owns 40,390 shares of the company’s stock worth $2,626,000 after buying an additional 3,240 shares in the last quarter. Alta Park Capital LP acquired a new position in shares of Proofpoint during the fourth quarter worth $3,313,000. Airain ltd acquired a new position in shares of Proofpoint during the fourth quarter worth $3,451,000. Finally, New York State Common Retirement Fund increased its position in shares of Proofpoint by 45.8% in the fourth quarter. New York State Common Retirement Fund now owns 144,025 shares of the company’s stock worth $9,363,000 after buying an additional 45,217 shares in 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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