Stoneridge Investment Partners LLC Lowers Stake in FireEye, Inc. (FEYE)
Stoneridge Investment Partners LLC decreased its stake in FireEye, Inc. (NASDAQ:FEYE) by 61.7% during the second quarter, Holdings Channel reports. The fund owned 40,815 shares of the information security company’s stock after selling 65,780 shares during the period. Stoneridge Investment Partners LLC’s holdings in FireEye were worth $621,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moloney Securities Asset Management LLC acquired a new position in FireEye during the first quarter valued at $912,000. Exencial Wealth Advisors LLC acquired a new position in FireEye during the first quarter valued at $186,000. IFP Advisors Inc increased its position in FireEye by 12.6% in the first quarter. IFP Advisors Inc now owns 24,338 shares of the information security company’s stock valued at $307,000 after buying an additional 2,725 shares during the last quarter. Russell Investments Group Ltd. increased its position in FireEye by 54.8% in the first quarter. Russell Investments Group Ltd. now owns 645,139 shares of the information security company’s stock valued at $8,134,000 after buying an additional 228,362 shares during the last quarter. Finally, Granite Investment Partners LLC increased its position in FireEye by 38.4% in the first quarter. Granite Investment Partners LLC now owns 104,193 shares of the information security company’s stock valued at $1,314,000 after buying an additional 28,924 shares during the last quarter. Hedge funds and other institutional investors own 67.16% of the company’s stock.
FireEye, Inc. (NASDAQ:FEYE) opened at 13.89 on Friday. The firm’s 50-day moving average is $15.23 and its 200-day moving average is $13.51. The company’s market cap is $2.53 billion. FireEye, Inc. has a 12 month low of $10.35 and a 12 month high of $16.40.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.13. The company had revenue of $185.50 million during the quarter, compared to the consensus estimate of $176.39 million. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.33) EPS. On average, analysts anticipate that FireEye, Inc. will post ($0.21) EPS for the current fiscal year.
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Several research firms have weighed in on FEYE. Susquehanna Bancshares Inc assumed coverage on shares of FireEye in a report on Wednesday, June 7th. They set a “neutral” rating and a $17.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating on shares of FireEye in a report on Wednesday, July 19th. Vetr downgraded shares of FireEye from a “strong-buy” rating to a “buy” rating and set a $17.31 target price for the company. in a report on Thursday, June 22nd. Finally, ValuEngine downgraded shares of FireEye from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $15.97.
In related news, EVP Alexa King sold 69,884 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the completion of the transaction, the executive vice president now directly 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 is available at this hyperlink. Insiders own 2.40% of the company’s stock.
FireEye Company Profile
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).
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