JPMorgan Chase & Co. boosted its holdings in shares of Proofpoint, Inc. (NASDAQ:PFPT) by 8.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 372,322 shares of the software maker’s stock after acquiring an additional 28,477 shares during the quarter. JPMorgan Chase & Co. owned 0.84% of Proofpoint worth $32,331,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Comerica Bank grew its holdings in Proofpoint by 0.4% during the 2nd quarter. Comerica Bank now owns 13,207 shares of the software maker’s stock worth $1,210,000 after acquiring an additional 51 shares during the last quarter. Creative Planning grew its holdings in Proofpoint by 7.4% during the 2nd quarter. Creative Planning now owns 2,232 shares of the software maker’s stock worth $194,000 after acquiring an additional 154 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Proofpoint by 3.8% during the 2nd quarter. Principal Financial Group Inc. now owns 5,976 shares of the software maker’s stock worth $519,000 after acquiring an additional 216 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Proofpoint by 1.0% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 22,631 shares of the software maker’s stock worth $1,965,000 after acquiring an additional 222 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in Proofpoint by 8.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,463 shares of the software maker’s stock worth $301,000 after acquiring an additional 276 shares during the last quarter.

In other Proofpoint news, CEO Gary Steele sold 40,000 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $87.11, for a total transaction of $3,484,400.00. Following the completion of the transaction, the chief executive officer now owns 88,551 shares of the company’s stock, valued at $7,713,677.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Knight sold 3,000 shares of the firm’s stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $84.54, for a total value of $253,620.00. Following the transaction, the executive vice president now directly owns 16,874 shares of the company’s stock, valued at approximately $1,426,527.96. The disclosure for this sale can be found here. Insiders have sold 130,549 shares of company stock valued at $11,524,841 in the last three months. Insiders own 6.80% of the company’s stock.

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Proofpoint, Inc. (PFPT) opened at 89.48 on Friday. The firm’s market cap is $3.98 billion. Proofpoint, Inc. has a 12-month low of $68.04 and a 12-month high of $97.00. The firm’s 50-day moving average is $88.91 and its 200 day moving average is $83.97.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.17 EPS for the quarter, beating the consensus estimate of $0.12 by $0.05. The business had revenue of $122.30 million during the quarter, compared to analyst estimates of $119.58 million. Proofpoint had a negative return on equity of 140.24% and a negative net margin of 20.96%. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. Equities analysts forecast that Proofpoint, Inc. will post $0.65 earnings per share for the current year.

A number of equities research analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $115.00 target price on shares of Proofpoint in a report on Monday, September 11th. BTIG Research reissued a “buy” rating and set a $110.00 target price on shares of Proofpoint in a report on Monday, September 11th. Piper Jaffray Companies set a $100.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a report on Sunday, September 10th. FBN Securities reissued an “outperform” rating and set a $105.00 target price (up from $100.00) on shares of Proofpoint in a report on Saturday, September 9th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $100.00 target price on shares of Proofpoint in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $98.91.

Proofpoint Profile

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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