361 Capital LLC Buys New Stake in Proofpoint, Inc. (PFPT)
361 Capital LLC bought a new stake in shares of Proofpoint, Inc. (NASDAQ:PFPT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,399 shares of the software maker’s stock, valued at approximately $2,041,000. 361 Capital LLC owned approximately 0.05% of Proofpoint at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC boosted its position in shares of Proofpoint by 386.1% during the 3rd quarter. SG Americas Securities LLC now owns 11,954 shares of the software maker’s stock valued at $1,043,000 after purchasing an additional 9,495 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Proofpoint by 19.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 66,215 shares of the software maker’s stock valued at $5,775,000 after purchasing an additional 10,976 shares in the last quarter. Commerce Bank boosted its position in shares of Proofpoint by 28.0% during the 3rd quarter. Commerce Bank now owns 5,121 shares of the software maker’s stock valued at $447,000 after purchasing an additional 1,121 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Proofpoint during the 3rd quarter valued at about $682,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Proofpoint by 37.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 91,324 shares of the software maker’s stock valued at $7,965,000 after purchasing an additional 24,805 shares in the last quarter.
In other Proofpoint news, EVP David Knight sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $90.76, for a total value of $272,280.00. Following the completion of the sale, the executive vice president now directly owns 16,874 shares of the company’s stock, valued at $1,531,484.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Eric Hahn sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $89.48, for a total value of $447,400.00. The disclosure for this sale can be found here. Insiders have sold 168,366 shares of company stock valued at $15,215,777 over the last ninety days. 6.80% of the stock is currently owned by company insiders.
Shares of Proofpoint, Inc. (NASDAQ PFPT) traded down $1.07 on Friday, hitting $90.00. The company had a trading volume of 427,238 shares, compared to its average volume of 579,043. 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, Inc. has a one year low of $69.19 and a one year high of $97.92.
Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, October 19th. The software maker reported $0.25 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 the consensus estimate of $131.48 million. Proofpoint had a negative return on equity of 158.19% and a negative net margin of 20.19%. Proofpoint’s revenue was up 34.6% on a year-over-year basis. During the same period last year, the business posted $0.19 earnings per share. equities research analysts predict that Proofpoint, Inc. will post -0.88 EPS for the current year.
PFPT has been the topic of several research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $90.00 target price on shares of Proofpoint in a research report on Tuesday, July 25th. Evercore ISI set a $105.00 price target on Proofpoint and gave the stock a “buy” rating in a report on Friday, July 28th. Robert W. Baird reiterated a “hold” rating on shares of Proofpoint in a report on Friday, July 28th. Piper Jaffray Companies set a $100.00 price target on Proofpoint and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada increased their price target on Proofpoint from $100.00 to $103.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $101.70.
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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