Swiss National Bank Has $6.38 Million Stake in Proofpoint, Inc. (PFPT)
Swiss National Bank grew its position in Proofpoint, Inc. (NASDAQ:PFPT) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,152 shares of the software maker’s stock after purchasing an additional 1,000 shares during the period. Swiss National Bank owned about 163,176.44% of Proofpoint worth $6,380,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in PFPT. TIAA CREF Investment Management LLC raised its holdings in shares of Proofpoint by 249.7% in the second quarter. TIAA CREF Investment Management LLC now owns 823,521 shares of the software maker’s stock valued at $71,506,000 after purchasing an additional 588,015 shares during the last quarter. ETF Managers Group LLC purchased a new stake in Proofpoint during the second quarter worth about $43,157,000. Artisan Partners Limited Partnership increased its holdings in Proofpoint by 20.4% during the second quarter. Artisan Partners Limited Partnership now owns 2,786,122 shares of the software maker’s stock worth $241,919,000 after buying an additional 472,407 shares during the last quarter. BlackRock Inc. increased its holdings in Proofpoint by 9.7% during the second quarter. BlackRock Inc. now owns 3,503,427 shares of the software maker’s stock worth $304,204,000 after buying an additional 309,998 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in Proofpoint by 86.8% during the second quarter. Teachers Advisors LLC now owns 549,680 shares of the software maker’s stock worth $47,729,000 after buying an additional 255,391 shares during the last quarter.
A number of research firms recently issued reports on PFPT. Royal Bank Of Canada restated a “buy” rating and set a $103.00 price objective on shares of Proofpoint in a report on Thursday, August 31st. Wedbush restated an “outperform” rating and set a $104.00 price objective (up previously from $98.00) on shares of Proofpoint in a report on Friday, July 28th. Piper Jaffray Companies set a $100.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a research report on Sunday, October 15th. Evercore ISI set a $105.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a research report on Friday, October 20th. Finally, Robert W. Baird reiterated a “hold” rating and set a $100.00 target price (up previously from $95.00) on shares of Proofpoint in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $101.70.
In other Proofpoint news, EVP Tracey Newell sold 8,183 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $89.96, for a total value of $736,142.68. Following the completion of the transaction, the executive vice president now owns 24,429 shares of the company’s stock, valued at approximately $2,197,632.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Eric Hahn sold 5,000 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $91.09, for a total value of $455,450.00. Following the completion of the transaction, the chairman now directly owns 58,701 shares of the company’s stock, valued at approximately $5,347,074.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 173,549 shares of company stock worth $15,733,240. Company insiders own 5.96% of the company’s stock.
Shares of Proofpoint, Inc. (PFPT) opened at $91.10 on Wednesday. Proofpoint, Inc. has a fifty-two week low of $69.19 and a fifty-two week high of $97.92. The company has a debt-to-equity ratio of 11.57, a current ratio of 1.51 and a quick ratio of 1.51.
Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.07. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. The business had revenue of $134.30 million for the quarter, compared to analysts’ expectations of $131.48 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. equities research analysts forecast that Proofpoint, Inc. will post -0.88 EPS for the current year.
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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