Schroder Investment Management Group Sells 3,287 Shares of Proofpoint Inc (PFPT)
Schroder Investment Management Group reduced its position in Proofpoint Inc (NASDAQ:PFPT) by 35.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,080 shares of the software maker’s stock after selling 3,287 shares during the quarter. Schroder Investment Management Group’s holdings in Proofpoint were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Comerica Bank grew its position in shares of Proofpoint by 0.4% in the second quarter. Comerica Bank now owns 13,207 shares of the software maker’s stock valued at $1,210,000 after purchasing an additional 51 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Proofpoint by 5.4% during the second quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the software maker’s stock worth $339,000 after buying an additional 200 shares in the last quarter. Principal Financial Group Inc. grew its position in Proofpoint by 3.8% during the second quarter. Principal Financial Group Inc. now owns 5,976 shares of the software maker’s stock worth $519,000 after buying an additional 216 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Proofpoint by 1.0% during the second quarter. State Board of Administration of Florida Retirement System now owns 22,631 shares of the software maker’s stock worth $1,965,000 after buying an additional 222 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in Proofpoint by 6.9% during the second quarter. Ameritas Investment Partners Inc. now owns 3,771 shares of the software maker’s stock worth $327,000 after buying an additional 245 shares in the last quarter.
Proofpoint Inc (NASDAQ:PFPT) opened at $91.58 on Friday. Proofpoint Inc has a twelve month low of $69.23 and a twelve month high of $97.92. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 11.57.
Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. Proofpoint had a negative return on equity of 158.19% and a negative net margin of 20.19%. The company had revenue of $134.30 million for the quarter, compared to the consensus estimate of $131.48 million. During the same quarter in the previous year, the business earned $0.19 EPS. Proofpoint’s revenue was up 34.6% compared to the same quarter last year. equities research analysts predict that Proofpoint Inc will post -0.88 earnings per share for the current year.
PFPT has been the subject of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and set a $100.00 target price on shares of Proofpoint in a research report on Friday, September 8th. Deutsche Bank boosted their target price on Proofpoint from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $115.00 price target on shares of Proofpoint in a research note on Monday, September 11th. BTIG Research reaffirmed a “buy” rating and set a $110.00 price target on shares of Proofpoint in a research note on Monday, September 11th. Finally, Piper Jaffray Companies set a $100.00 price target on Proofpoint and gave the stock a “buy” rating in a research note on Sunday, September 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company. Proofpoint currently has an average rating of “Buy” and a consensus price target of $102.09.
In other Proofpoint news, CEO Gary Steele sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $92.35, for a total transaction of $3,694,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tracey Newell sold 8,183 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $94.82, for a total value of $775,912.06. Following the transaction, the executive vice president now owns 25,001 shares in the company, valued at approximately $2,370,594.82. The disclosure for this sale can be found here. Insiders have sold a total of 171,549 shares of company stock worth $15,407,300 in the last quarter. Company insiders own 5.96% of the company’s stock.
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Proofpoint Company Profile
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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