Mutual of America Capital Management LLC cut its position in Proofpoint Inc (NASDAQ:PFPT) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 153,620 shares of the software maker’s stock after selling 2,419 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Proofpoint were worth $13,643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PFPT. PNC Financial Services Group Inc. boosted its position in shares of Proofpoint by 5.4% during the second quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the software maker’s stock worth $339,000 after acquiring an additional 200 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Proofpoint by 3.8% during the second quarter. Principal Financial Group Inc. now owns 5,976 shares of the software maker’s stock worth $519,000 after acquiring an additional 216 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Proofpoint by 6.9% during the second quarter. Ameritas Investment Partners Inc. now owns 3,771 shares of the software maker’s stock worth $327,000 after acquiring an additional 245 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Proofpoint by 17.7% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,724 shares of the software maker’s stock worth $235,000 after acquiring an additional 409 shares during the last quarter. Finally, BlueCrest Capital Management Ltd boosted its position in shares of Proofpoint by 10.4% during the second quarter. BlueCrest Capital Management Ltd now owns 4,472 shares of the software maker’s stock worth $388,000 after acquiring an additional 422 shares during the last quarter.

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus set a $100.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a research report on Monday, October 16th. Morgan Stanley upped their target price on shares of Proofpoint from $116.00 to $124.00 and gave the stock an “overweight” rating in a research report on Tuesday. Piper Jaffray Companies set a $100.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a research report on Sunday, October 15th. Deutsche Bank reiterated a “buy” rating and set a $114.00 price objective on shares of Proofpoint in a research report on Tuesday. Finally, Wedbush reiterated an “outperform” rating and set a $106.00 price objective (down previously from $108.00) on shares of Proofpoint in a research report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Proofpoint has an average rating of “Buy” and a consensus price target of $103.92.

In related news, EVP Tracey Newell sold 8,183 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $96.54, for a total value of $789,986.82. Following the transaction, the executive vice president now owns 23,376 shares of the company’s stock, valued at approximately $2,256,719.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Eric Hahn sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $83.71, for a total transaction of $418,550.00. Following the completion of the transaction, the chairman now directly owns 38,201 shares in the company, valued at approximately $3,197,805.71. The disclosure for this sale can be found here. Insiders sold a total of 165,549 shares of company stock worth $14,900,426 in the last ninety days. 5.96% of the stock is currently owned by insiders.

Shares of Proofpoint Inc (PFPT) traded up $1.35 on Wednesday, hitting $103.08. 123,520 shares of the stock traded hands, compared to its average volume of 420,431. Proofpoint Inc has a 1-year low of $70.30 and a 1-year high of $104.62. The stock has a market capitalization of $4,602.29, a P/E ratio of -46.81 and a beta of 1.32. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 11.57.

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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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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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