Bamco Inc. NY decreased its position in Proofpoint Inc (NASDAQ:PFPT) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,972 shares of the software maker’s stock after selling 1,587 shares during the period. Bamco Inc. NY owned about 0.07% of Proofpoint worth $2,876,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. D.A. Davidson & CO. lifted its stake in shares of Proofpoint by 57.9% in the second quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock valued at $102,000 after purchasing an additional 431 shares during the period. Fortaleza Asset Management Inc. lifted its stake in shares of Proofpoint by 22.4% in the second quarter. Fortaleza Asset Management Inc. now owns 1,696 shares of the software maker’s stock valued at $147,000 after purchasing an additional 310 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Proofpoint in the second quarter valued at about $215,000. Bluestein R H & Co. acquired a new stake in shares of Proofpoint in the second quarter valued at about $217,000. Finally, Gotham Asset Management LLC acquired a new stake in shares of Proofpoint in the second quarter valued at about $222,000.

Proofpoint Inc (NASDAQ PFPT) opened at $88.71 on Friday. 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 Inc has a 52-week low of $69.23 and a 52-week high of $97.92.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, October 19th. The software maker reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. The business had revenue of $134.30 million during the quarter, compared to analyst estimates of $131.48 million. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. The company’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 earnings per share. analysts expect that Proofpoint Inc will post -0.88 earnings per share for the current fiscal year.

Several analysts recently commented on PFPT shares. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price objective on shares of Proofpoint in a research note on Friday, September 8th. Deutsche Bank raised their price objective on shares of Proofpoint from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, September 8th. BTIG Research reiterated a “buy” rating and issued a $110.00 price objective on shares of Proofpoint in a research note on Monday, September 11th. Piper Jaffray Companies set a $100.00 price objective on shares of Proofpoint and gave the company a “buy” rating in a research note on Sunday, September 10th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $103.00 price objective on shares of Proofpoint in a research note on Thursday, August 31st. One research 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 has a consensus rating of “Buy” and an average target price of $102.09.

In other news, CEO Gary Steele sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $92.35, for a total value of $3,694,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Knight sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $91.19, for a total transaction of $273,570.00. Following the completion of the transaction, the executive vice president now directly owns 16,874 shares of the company’s stock, valued at approximately $1,538,740.06. The disclosure for this sale can be found here. In the last three months, insiders sold 171,549 shares of company stock valued at $15,407,300. Company insiders own 5.96% of the company’s stock.

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About Proofpoint

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.

Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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