First Washington CORP Takes Position in FireEye, Inc. (FEYE)
First Washington CORP acquired a new stake in FireEye, Inc. (NASDAQ:FEYE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 124,030 shares of the information security company’s stock, valued at approximately $2,080,000. First Washington CORP owned 0.07% of FireEye at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of FEYE. Exencial Wealth Advisors LLC increased its stake in FireEye by 0.7% during the second quarter. Exencial Wealth Advisors LLC now owns 15,330 shares of the information security company’s stock worth $233,000 after purchasing an additional 100 shares during the period. Cutter & CO Brokerage Inc. increased its stake in FireEye by 1.4% during the second quarter. Cutter & CO Brokerage Inc. now owns 14,400 shares of the information security company’s stock worth $219,000 after purchasing an additional 200 shares during the period. Sigma Planning Corp increased its stake in FireEye by 2.5% during the second quarter. Sigma Planning Corp now owns 10,759 shares of the information security company’s stock worth $164,000 after purchasing an additional 266 shares during the period. Verition Fund Management LLC increased its stake in FireEye by 3.8% during the second quarter. Verition Fund Management LLC now owns 12,769 shares of the information security company’s stock worth $194,000 after purchasing an additional 469 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in FireEye by 5.5% during the second quarter. Teacher Retirement System of Texas now owns 12,925 shares of the information security company’s stock worth $197,000 after purchasing an additional 670 shares during the period. Hedge funds and other institutional investors own 67.12% of the company’s stock.
FireEye, Inc. (FEYE) traded down $0.03 during trading on Thursday, hitting $13.54. The stock had a trading volume of 1,360,058 shares, compared to its average volume of 5,554,104. FireEye, Inc. has a twelve month low of $10.35 and a twelve month high of $18.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98.
FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. FireEye had a negative return on equity of 23.71% and a negative net margin of 39.29%. The business had revenue of $189.60 million during the quarter, compared to analysts’ expectations of $186.41 million. During the same quarter in the prior year, the business earned ($0.18) earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. sell-side analysts anticipate that FireEye, Inc. will post -1.06 EPS for the current fiscal year.
In other FireEye news, President Travis M. Reese sold 11,555 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $17.50, for a total value of $202,212.50. Following the completion of the transaction, the president now owns 508,210 shares in the company, valued at $8,893,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Travis M. Reese sold 88,445 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $17.50, for a total value of $1,547,787.50. The disclosure for this sale can be found here. Insiders have sold 125,000 shares of company stock valued at $2,200,000 in the last 90 days. Company insiders own 2.40% of the company’s stock.
A number of analysts have issued reports on FEYE shares. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $19.00 price target on shares of FireEye in a research note on Wednesday, August 23rd. BidaskClub lowered shares of FireEye from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $20.00 price target on shares of FireEye in a research note on Wednesday, August 2nd. Stephens upgraded shares of FireEye from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $16.00 to $22.00 in a research note on Monday, September 11th. Finally, Deutsche Bank AG boosted their price target on shares of FireEye from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.22.
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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