Columbia Partners L L C Investment Management Acquires 2,319 Shares of Proofpoint, Inc. (PFPT)
Columbia Partners L L C Investment Management grew its holdings in Proofpoint, Inc. (NASDAQ:PFPT) by 11.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,469 shares of the software maker’s stock after purchasing an additional 2,319 shares during the period. Columbia Partners L L C Investment Management owned about 0.05% of Proofpoint worth $1,959,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. 361 Capital LLC bought a new position in shares of Proofpoint in the third quarter valued at $2,041,000. SG Americas Securities LLC grew its stake in shares of Proofpoint by 386.1% in the third quarter. SG Americas Securities LLC now owns 11,954 shares of the software maker’s stock valued at $1,043,000 after buying an additional 9,495 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Proofpoint by 19.9% in the third quarter. Advisors Asset Management Inc. now owns 66,215 shares of the software maker’s stock valued at $5,775,000 after buying an additional 10,976 shares in the last quarter. Commerce Bank grew its stake in shares of Proofpoint by 28.0% in the third quarter. Commerce Bank now owns 5,121 shares of the software maker’s stock valued at $447,000 after buying an additional 1,121 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Proofpoint in the third quarter valued at $682,000.
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Shares of Proofpoint, Inc. (NASDAQ PFPT) traded down $1.07 during trading on Friday, hitting $90.00. 427,238 shares of the stock were exchanged, compared to its average volume of 642,391. Proofpoint, Inc. has a 52 week low of $69.19 and a 52 week high of $97.92. 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 (NASDAQ:PFPT) last announced its earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. The company had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $131.48 million. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 158.19%. Proofpoint’s quarterly 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 anticipate that Proofpoint, Inc. will post -0.88 earnings per share for the current year.
Several research firms recently weighed in on PFPT. Royal Bank Of Canada reissued a “buy” rating and issued a $103.00 target price on shares of Proofpoint in a research note on Thursday, August 31st. Imperial Capital reissued an “outperform” rating and issued a $102.00 target price (up from $100.00) on shares of Proofpoint in a research note on Wednesday, August 2nd. Cowen and Company began coverage on shares of Proofpoint in a research note on Thursday, August 17th. They issued an “outperform” rating and a $105.00 target price for the company. BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Finally, Piper Jaffray Companies set a $100.00 target price on shares of Proofpoint and gave the company a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Proofpoint currently has an average rating of “Buy” and a consensus target price of $101.70.
In related news, Chairman Eric Hahn sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $89.48, for a total value of $447,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tracey Newell sold 8,183 shares of the business’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $94.82, for a total value of $775,912.06. Following the completion of the transaction, the executive vice president now directly owns 25,001 shares of the company’s stock, valued at approximately $2,370,594.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 168,366 shares of company stock valued at $15,215,777. 6.80% of the stock is owned by insiders.
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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