Envestnet Asset Management Inc. Has $174,000 Holdings in FireEye Inc (FEYE)
Envestnet Asset Management Inc. boosted its stake in shares of FireEye Inc (NASDAQ:FEYE) by 71.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,427 shares of the information security company’s stock after buying an additional 4,330 shares during the period. Envestnet Asset Management Inc.’s holdings in FireEye were worth $174,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of FEYE. Vanguard Group Inc. lifted its holdings in shares of FireEye by 7.9% during the 2nd quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock valued at $191,317,000 after purchasing an additional 917,967 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of FireEye by 81.7% during the 2nd quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock valued at $52,385,000 after purchasing an additional 1,548,425 shares during the last quarter. Balyasny Asset Management LLC lifted its holdings in shares of FireEye by 213.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company’s stock valued at $44,144,000 after purchasing an additional 1,975,924 shares during the last quarter. ETF Managers Group LLC purchased a new stake in shares of FireEye during the 2nd quarter valued at $43,372,000. Finally, Neuberger Berman Group LLC lifted its holdings in shares of FireEye by 10.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,488,796 shares of the information security company’s stock valued at $37,855,000 after purchasing an additional 229,245 shares during the last quarter. Institutional investors own 68.33% of the company’s stock.
In other news, EVP Alexa King sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $18.00, for a total transaction of $450,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald E. F. Codd sold 6,767 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $13.57, for a total value of $91,828.19. Following the sale, the director now owns 7,099 shares in the company, valued at $96,333.43. The disclosure for this sale can be found here. Insiders have sold a total of 120,212 shares of company stock worth $2,089,616 over the last 90 days. Insiders own 2.40% of the company’s stock.
FireEye (NASDAQ:FEYE) last posted its earnings results on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.03. FireEye had a negative return on equity of 23.71% and a negative net margin of 39.29%. The firm had revenue of $189.60 million for the quarter, compared to analysts’ expectations of $186.41 million. During the same period last year, the firm earned ($0.18) EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. analysts predict that FireEye Inc will post -1.07 earnings per share for the current fiscal year.
Several brokerages have recently commented on FEYE. Piper Jaffray Companies reiterated a “hold” rating and set a $18.50 price objective on shares of FireEye in a report on Tuesday, September 26th. Zacks Investment Research lowered FireEye from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Evercore ISI set a $20.00 price objective on FireEye and gave the company a “buy” rating in a report on Sunday, October 15th. Vetr upgraded FireEye from a “hold” rating to a “strong-buy” rating and set a $22.32 price objective for the company in a report on Monday, September 18th. Finally, Standpoint Research lowered FireEye from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a report on Monday, September 18th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $17.22.
FireEye Company Profile
FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).
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