King Luther Capital Management Corp lifted its stake in shares of FireEye Inc (NASDAQ:FEYE) by 13.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 386,014 shares of the information security company’s stock after buying an additional 47,077 shares during the period. King Luther Capital Management Corp’s holdings in FireEye were worth $5,941,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FEYE. P.A.W. Capital Corp grew its holdings in FireEye by 19.0% in the second quarter. P.A.W. Capital Corp now owns 250,000 shares of the information security company’s stock worth $3,848,000 after purchasing an additional 40,000 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in FireEye by 18.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,320,235 shares of the information security company’s stock worth $35,708,000 after purchasing an additional 363,900 shares during the period. Fisher Asset Management LLC grew its holdings in FireEye by 8.1% in the second quarter. Fisher Asset Management LLC now owns 2,272,111 shares of the information security company’s stock worth $34,968,000 after purchasing an additional 170,299 shares during the period. Broadview Advisors LLC grew its holdings in FireEye by 19.1% in the second quarter. Broadview Advisors LLC now owns 568,675 shares of the information security company’s stock worth $8,752,000 after purchasing an additional 91,100 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in FireEye by 52.4% in the second quarter. State of Alaska Department of Revenue now owns 21,720 shares of the information security company’s stock worth $333,000 after purchasing an additional 7,470 shares during the period. Institutional investors own 70.00% of the company’s stock.

A number of equities research analysts have weighed in on the stock. ValuEngine cut shares of FireEye from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub cut shares of FireEye from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. UBS Group upped their price objective on shares of FireEye from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, May 29th. Finally, BMO Capital Markets cut their price objective on shares of FireEye from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. FireEye has an average rating of “Hold” and an average target price of $19.62.

In other news, CFO Frank Verdecanna sold 11,219 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $14.46, for a total transaction of $162,226.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William T. Robbins sold 6,400 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $14.46, for a total transaction of $92,544.00. Following the sale, the executive vice president now owns 359,444 shares in the company, valued at approximately $5,197,560.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,521 shares of company stock worth $567,189. Corporate insiders own 2.40% of the company’s stock.

NASDAQ:FEYE opened at $15.42 on Friday. FireEye Inc has a 52 week low of $13.40 and a 52 week high of $19.36. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.02 and a current ratio of 2.03. The company has a market cap of $2.97 billion, a PE ratio of -14.15 and a beta of 0.39.

FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Wednesday, August 1st. The information security company reported ($0.21) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.01. FireEye had a negative net margin of 37.13% and a negative return on equity of 25.26%. The firm had revenue of $203.00 million for the quarter, compared to analysts’ expectations of $201.54 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. equities analysts predict that FireEye Inc will post -0.79 earnings per share for the current fiscal year.

FireEye Company Profile

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.

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Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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