FireEye, Inc. (FEYE) Stake Maintained by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can held its stake in shares of FireEye, Inc. (NASDAQ:FEYE) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 16,355 shares of the information security company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in FireEye were worth $248,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Teachers Advisors LLC increased its stake in shares of FireEye by 20.1% in the 4th quarter. Teachers Advisors LLC now owns 191,932 shares of the information security company’s stock valued at $2,284,000 after purchasing an additional 32,147 shares in the last quarter. Segantii Capital Management Ltd purchased a new position in shares of FireEye in the 1st quarter valued at about $251,000. Paloma Partners Management Co purchased a new position in shares of FireEye in the 1st quarter valued at about $1,202,000. Baird Financial Group Inc. purchased a new stake in FireEye during the 1st quarter worth approximately $661,000. Finally, Bank of Montreal Can increased its stake in FireEye by 37.4% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 67.65% of the company’s stock.
Several research firms have commented on FEYE. BMO Capital Markets boosted their price objective on FireEye from $15.00 to $17.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded FireEye from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Stifel Nicolaus reiterated a “buy” rating on shares of FireEye in a research note on Wednesday, July 19th. Barclays PLC reiterated an “equal weight” rating and set a $16.00 price objective (up from $14.00) on shares of FireEye in a research note on Wednesday, August 2nd. Finally, Vetr upgraded FireEye from a “buy” rating to a “strong-buy” rating and set a $17.31 price objective for the company in a research note on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $16.44.
In related news, EVP Alexa King sold 69,884 shares of FireEye stock in a transaction 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 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 accessible through this hyperlink. Insiders own 2.40% of the company’s stock.
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FireEye, Inc. (NASDAQ:FEYE) opened at 16.89 on Thursday. The stock’s market cap is $3.08 billion. The company has a 50-day moving average price of $14.73 and a 200 day moving average price of $13.96. FireEye, Inc. has a 12-month low of $10.35 and a 12-month high of $17.10.
FireEye (NASDAQ:FEYE) last posted its earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share 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 analyst estimates 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 quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.33) EPS. On average, equities research analysts predict that FireEye, Inc. will post ($0.21) EPS for the current year.
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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