The Manufacturers Life Insurance Company raised its position in Proofpoint Inc (NASDAQ:PFPT) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,960 shares of the software maker’s stock after buying an additional 1,554 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of Proofpoint worth $2,862,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Comerica Bank boosted its holdings in Proofpoint by 0.4% in the 2nd quarter. Comerica Bank now owns 13,207 shares of the software maker’s stock worth $1,210,000 after buying an additional 51 shares during the last quarter. Creative Planning boosted its holdings in Proofpoint by 7.4% in the 2nd quarter. Creative Planning now owns 2,232 shares of the software maker’s stock worth $194,000 after buying an additional 154 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Proofpoint by 5.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the software maker’s stock worth $339,000 after buying an additional 200 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Proofpoint by 3.8% in the 2nd quarter. Principal Financial Group Inc. now owns 5,976 shares of the software maker’s stock worth $519,000 after buying an additional 216 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Proofpoint by 1.0% in 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 buying an additional 222 shares during the last quarter.

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Shares of Proofpoint Inc (NASDAQ:PFPT) opened at $91.80 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.53 and a debt-to-equity ratio of 11.57.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. The company had revenue of $134.30 million for the quarter, compared to analyst estimates of $131.48 million. Proofpoint had a negative net margin of 16.35% and a negative return on equity of 264.03%. Proofpoint’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter last year, the business earned $0.19 EPS. equities research analysts anticipate that Proofpoint Inc will post -0.88 earnings per share for the current year.

Several brokerages have recently weighed in on PFPT. Royal Bank Of Canada restated a “buy” rating and set a $103.00 target price on shares of Proofpoint in a report on Thursday, August 31st. Wedbush restated an “outperform” rating and set a $104.00 target price (up from $98.00) on shares of Proofpoint in a report on Friday, July 28th. Piper Jaffray Companies set a $100.00 target price on Proofpoint and gave the stock a “buy” rating in a report on Sunday, October 15th. Evercore ISI set a $105.00 target price on Proofpoint and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $100.00 price objective (up from $95.00) on shares of Proofpoint in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $101.70.

In other Proofpoint news, CEO Gary Steele sold 40,000 shares of Proofpoint stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $89.54, for a total value of $3,581,600.00. Following the transaction, the chief executive officer now owns 88,551 shares in the company, valued at approximately $7,928,856.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Tracey Newell sold 8,183 shares of Proofpoint stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $88.59, for a total transaction of $724,931.97. Following the completion of the transaction, the executive vice president now owns 25,762 shares in the company, valued at approximately $2,282,255.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,549 shares of company stock worth $15,226,339. 6.80% of the stock is owned by company insiders.

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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