Commerzbank Aktiengesellschaft FI Acquires 11,526 Shares of FireEye, Inc. (FEYE)
Commerzbank Aktiengesellschaft FI boosted its holdings in shares of FireEye, Inc. (NASDAQ:FEYE) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,114 shares of the information security company’s stock after buying an additional 11,526 shares during the quarter. Commerzbank Aktiengesellschaft FI owned approximately 0.06% of FireEye worth $1,830,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in FEYE. ETF Managers Group LLC bought a new stake in FireEye during the second quarter valued at approximately $43,372,000. Balyasny Asset Management LLC grew its position in FireEye by 213.3% during the second quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company’s stock valued at $44,144,000 after buying an additional 1,975,924 shares during the period. Pinnacle Associates Ltd. grew its position in FireEye by 81.7% during the second quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock valued at $52,385,000 after buying an additional 1,548,425 shares during the period. Vanguard Group Inc. grew its position in FireEye by 7.9% during the second quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock valued at $191,317,000 after buying an additional 917,967 shares during the period. Finally, Nationwide Fund Advisors bought a new stake in FireEye during the second quarter valued at approximately $8,593,000. Institutional investors own 68.39% of the company’s stock.
FEYE has been the subject of several recent research reports. Goldman Sachs Group restated a “buy” rating and set a $19.00 target price on shares of FireEye in a research report on Wednesday, August 23rd. Stephens upgraded shares of FireEye from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $16.00 to $22.00 in a research report on Monday, September 11th. Bank of America boosted their target price on shares of FireEye from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, September 25th. Piper Jaffray Companies reiterated a “hold” rating and issued a $18.50 price target on shares of FireEye in a research report on Tuesday, September 26th. Finally, Oppenheimer reiterated a “buy” rating and issued a $23.00 price target on shares of FireEye in a research report on Monday, September 18th. 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 company has a consensus rating of “Hold” and an average price target of $17.22.
FireEye, Inc. (NASDAQ FEYE) opened at $13.76 on Wednesday. FireEye, Inc. has a 1-year low of $10.35 and a 1-year high of $18.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.98 and a current ratio of 1.99.
FireEye (NASDAQ:FEYE) last released its earnings results on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.71%. The firm had revenue of $189.60 million for the quarter, compared to the consensus estimate of $186.41 million. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. analysts expect that FireEye, Inc. will post -1.07 EPS for the current year.
In other news, President Travis M. Reese sold 11,555 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $17.50, for a total value of $202,212.50. Following the transaction, the president now owns 508,210 shares of the company’s stock, valued at $8,893,675. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alexa King sold 25,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $18.00, for a total transaction of $450,000.00. The disclosure for this sale can be found here. Insiders sold 131,767 shares of company stock worth $2,291,828 in the last three months. Insiders own 2.40% of the company’s stock.
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FireEye Company Profile
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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