First Allied Advisory Services Inc. Reduces Position in FireEye Inc (FEYE)
First Allied Advisory Services Inc. reduced its position in shares of FireEye Inc (NASDAQ:FEYE) by 25.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,703 shares of the information security company’s stock after selling 5,146 shares during the quarter. First Allied Advisory Services Inc.’s holdings in FireEye were worth $246,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in FireEye by 30.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock worth $101,000 after buying an additional 1,528 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in FireEye by 15.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock worth $141,000 after buying an additional 1,252 shares during the period. Fortaleza Asset Management Inc. acquired a new position in FireEye during the 2nd quarter worth approximately $142,000. FNY Partners Fund LP raised its stake in FireEye by 900.0% during the 2nd quarter. FNY Partners Fund LP now owns 10,000 shares of the information security company’s stock worth $152,000 after buying an additional 9,000 shares during the period. Finally, Exane Derivatives acquired a new position in FireEye during the 3rd quarter worth approximately $168,000. 68.39% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on FEYE. Wedbush reaffirmed a “neutral” rating and set a $14.00 price target on shares of FireEye in a research note on Tuesday, November 14th. Cowen reaffirmed a “hold” rating and set a $16.00 price target on shares of FireEye in a research note on Friday, November 3rd. Oppenheimer dropped their price target on FireEye from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. BMO Capital Markets dropped their price target on FireEye from $17.00 to $16.00 and set a “market perform” rating on the stock in a research note on Thursday, November 2nd. Finally, Evercore ISI reaffirmed a “buy” rating and set a $20.00 price target on shares of FireEye in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.22.
Shares of FireEye Inc (NASDAQ FEYE) opened at $14.50 on Friday. FireEye Inc has a 52 week low of $10.35 and a 52 week 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) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. The company had revenue of $189.60 million during the quarter, compared to analyst estimates of $186.41 million. FireEye had a negative return on equity of 23.71% and a negative net margin of 39.29%. FireEye’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.18) earnings per share. analysts anticipate that FireEye Inc will post -1.07 EPS for the current fiscal year.
In other news, Director Ronald E. F. Codd sold 6,767 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $13.57, for a total value of $91,828.19. Following the completion of the transaction, the director now directly owns 7,099 shares of the company’s stock, valued at $96,333.43. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Alexa King sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $18.00, for a total value of $450,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,767 shares of company stock valued at $2,291,828. 2.40% of the stock is currently owned by corporate insiders.
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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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