Bourgeon Capital Management LLC Reduces Stake in FireEye, Inc. (NASDAQ:FEYE)
Bourgeon Capital Management LLC cut its position in FireEye, Inc. (NASDAQ:FEYE) by 21.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 39,400 shares of the information security company’s stock after selling 10,950 shares during the period. Bourgeon Capital Management LLC’s holdings in FireEye were worth $599,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in FireEye by 37.4% in the first quarter. Bank of Montreal Can now owns 7,887 shares of the information security company’s stock worth $100,000 after buying an additional 2,147 shares during the last quarter. Sigma Planning Corp bought a new stake in FireEye during the first quarter worth approximately $132,000. US Bancorp DE boosted its stake in FireEye by 271.0% in the first quarter. US Bancorp DE now owns 10,662 shares of the information security company’s stock worth $135,000 after buying an additional 7,788 shares during the last quarter. TRUE Private Wealth Advisors boosted its stake in FireEye by 13.8% in the first quarter. TRUE Private Wealth Advisors now owns 11,520 shares of the information security company’s stock worth $142,000 after buying an additional 1,400 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in FireEye by 251.1% in the first quarter. PNC Financial Services Group Inc. now owns 13,691 shares of the information security company’s stock worth $173,000 after buying an additional 9,791 shares during the last quarter. Institutional investors and hedge funds own 67.16% of the company’s stock.
Shares of FireEye, Inc. (NASDAQ FEYE) opened at 14.01 on Friday. The firm has a 50-day moving average of $15.19 and a 200 day moving average of $13.52. The company’s market cap is $2.55 billion. FireEye, Inc. has a 12 month low of $10.35 and a 12 month high of $16.40.
FireEye (NASDAQ:FEYE) last posted its earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.13. The business had revenue of $185.50 million for the quarter, compared to analysts’ expectations of $176.39 million. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.33) EPS. On average, analysts expect that FireEye, Inc. will post ($0.21) earnings per share for the current year.
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FEYE has been the subject of a number of research reports. Vetr cut shares of FireEye from a “strong-buy” rating to a “buy” rating and set a $16.36 price target for the company. in a report on Monday, May 8th. Evercore ISI restated a “buy” rating and issued a $16.00 price target (up from $14.00) on shares of FireEye in a report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $17.00 price target (up from $15.00) on shares of FireEye in a report on Wednesday, May 3rd. Stifel Nicolaus restated a “buy” rating and issued a $20.00 price target (up from $17.00) on shares of FireEye in a report on Wednesday, May 3rd. Finally, BTIG Research restated a “buy” rating and issued a $18.00 price target (up from $17.00) on shares of FireEye in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. FireEye has a consensus rating of “Hold” and a consensus target price of $15.97.
In other FireEye news, EVP Alexa King sold 69,884 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 428,733 shares in the company, valued at approximately $6,199,479.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.
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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