FireEye, Inc. (NASDAQ:FEYE)‘s stock had its “market perform” rating reissued by BMO Capital Markets in a research note issued to investors on Tuesday. They presently have a $17.00 price target on the information security company’s stock, up from their previous price target of $15.00. BMO Capital Markets’ target price indicates a potential upside of 20.33% from the stock’s current price.

Several other analysts have also weighed in on the stock. BTIG Research reiterated a “buy” rating and set a $18.00 target price (up from $17.00) on shares of FireEye in a research report on Tuesday. Zacks Investment Research upgraded shares of FireEye from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Monday. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $23.00 target price on shares of FireEye in a research report on Wednesday, August 2nd. BidaskClub lowered shares of FireEye from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, Barclays PLC reiterated an “equal weight” rating and set a $16.00 target price (up from $14.00) on shares of FireEye in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. FireEye currently has a consensus rating of “Hold” and an average target price of $15.97.

FireEye (NASDAQ:FEYE) traded down 1.74% during midday trading on Tuesday, reaching $14.14. 4,720,388 shares of the company traded hands. The firm’s market capitalization is $2.50 billion. The firm’s 50 day moving average price is $15.34 and its 200 day moving average price is $13.48. FireEye has a 12 month low of $10.35 and a 12 month high of $16.40.

FireEye (NASDAQ:FEYE) last issued its earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.13. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The business had revenue of $185.50 million for the quarter, compared to analyst estimates of $176.39 million. During the same period in the previous year, the business earned ($0.33) EPS. The firm’s revenue was up 6.0% on a year-over-year basis. On average, analysts expect that FireEye will post ($0.22) earnings per share for the current year.

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In other news, EVP Alexa King sold 69,884 shares of FireEye stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the completion of the sale, the executive vice president now owns 428,733 shares in the company, valued at approximately $6,199,479.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.40% of the stock is owned by insiders.

Several large investors have recently modified their holdings of FEYE. Shapiro Capital Management LLC boosted its stake in shares of FireEye by 17.9% in the first quarter. Shapiro Capital Management LLC now owns 18,840,343 shares of the information security company’s stock valued at $237,577,000 after buying an additional 2,859,910 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of FireEye by 2.3% in the first quarter. Vanguard Group Inc. now owns 11,660,394 shares of the information security company’s stock valued at $147,038,000 after buying an additional 257,120 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of FireEye by 16.4% in the first quarter. Penserra Capital Management LLC now owns 3,236,242 shares of the information security company’s stock valued at $40,809,000 after buying an additional 456,661 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of FireEye by 66.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,532,435 shares of the information security company’s stock valued at $31,934,000 after buying an additional 1,014,120 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of FireEye by 10.1% in the second quarter. Neuberger Berman Group LLC now owns 2,488,796 shares of the information security company’s stock valued at $37,855,000 after buying an additional 229,245 shares in the last quarter. Institutional investors own 67.16% of the company’s stock.

About FireEye

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).

Analyst Recommendations for FireEye (NASDAQ:FEYE)

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