FireEye (FEYE) Receives Buy Rating from Stephens
Stephens reiterated their buy rating on shares of FireEye (NASDAQ:FEYE) in a research note released on Friday. Stephens currently has a $23.00 price objective on the information security company’s stock.
Several other equities analysts have also recently weighed in on the company. BMO Capital Markets raised their price target on FireEye from $16.00 to $17.00 and gave the company a market perform rating in a report on Friday. Barclays raised their price target on FireEye from $16.00 to $17.00 and gave the company an equal weight rating in a report on Friday. Susquehanna Bancshares upgraded FireEye from a neutral rating to a positive rating in a report on Friday. Evercore ISI set a $20.00 price target on FireEye and gave the company a buy rating in a report on Friday. Finally, Wedbush restated a positive rating and set a $14.12 price target (down previously from $16.00) on shares of FireEye in a report on Friday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $18.09.
FireEye (NASDAQ FEYE) opened at $15.44 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98. FireEye has a 1-year low of $10.35 and a 1-year high of $18.00.
In other news, Director Ronald E. F. Codd sold 6,767 shares of FireEye stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $13.57, for a total value of $91,828.19. Following the completion of the transaction, the director now owns 7,099 shares in the company, valued at approximately $96,333.43. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in FireEye by 30.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock valued at $101,000 after acquiring an additional 1,528 shares during the period. Resources Investment Advisors Inc. boosted its holdings in FireEye by 96.9% during the 4th quarter. Resources Investment Advisors Inc. now owns 7,330 shares of the information security company’s stock valued at $104,000 after acquiring an additional 3,607 shares during the period. Wealthcare Advisory Partners LLC purchased a new position in FireEye during the 3rd quarter valued at $129,000. Exane Derivatives purchased a new position in FireEye during the 3rd quarter valued at $168,000. Finally, K.J. Harrison & Partners Inc purchased a new position in FireEye during the 3rd quarter valued at $168,000. Institutional investors own 67.92% of the company’s stock.
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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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