Thompson Siegel & Walmsley LLC acquired a new stake in Proofpoint Inc (NASDAQ:PFPT) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,000 shares of the software maker’s stock, valued at approximately $851,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PFPT. Federated Investors Inc. PA grew its holdings in Proofpoint by 181.1% in the 2nd quarter. Federated Investors Inc. PA now owns 1,386 shares of the software maker’s stock valued at $160,000 after buying an additional 893 shares in the last quarter. World Asset Management Inc acquired a new position in Proofpoint in the 2nd quarter valued at $205,000. CIBC Asset Management Inc acquired a new position in Proofpoint in the 2nd quarter valued at $211,000. Hartford Investment Management Co. acquired a new stake in shares of Proofpoint during the 2nd quarter worth $230,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Proofpoint during the 2nd quarter worth $255,000. 90.71% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the company. Zacks Investment Research lowered Proofpoint from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Royal Bank of Canada restated a “buy” rating and set a $140.00 price objective on shares of Proofpoint in a research report on Friday, July 27th. Monness Crespi & Hardt lifted their target price on Proofpoint from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Stifel Nicolaus lifted their target price on Proofpoint to $130.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $140.00 target price on shares of Proofpoint in a report on Friday, July 27th. Four equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $125.05.

Shares of Proofpoint stock opened at $85.54 on Tuesday. Proofpoint Inc has a 52 week low of $75.92 and a 52 week high of $130.27. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of -65.30 and a beta of 1.42.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings data on Thursday, October 25th. The software maker reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.73. Proofpoint had a negative return on equity of 11.86% and a negative net margin of 14.08%. The firm had revenue of $184.18 million during the quarter, compared to analysts’ expectations of $181.69 million. Equities research analysts expect that Proofpoint Inc will post -1.14 EPS for the current fiscal year.

In related news, EVP Bhagwat Swaroop sold 1,634 shares of Proofpoint stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $117.93, for a total transaction of $192,697.62. Following the transaction, the executive vice president now owns 2,291 shares of the company’s stock, valued at $270,177.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary Steele sold 100,000 shares of Proofpoint stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $62.54, for a total value of $6,254,000.00. Following the transaction, the chief executive officer now directly owns 121,074 shares in the company, valued at approximately $7,571,967.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 196,020 shares of company stock worth $16,494,490. 3.37% of the stock is owned by insiders.

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About Proofpoint

Proofpoint, Inc operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ‘drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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