Falcon Point Capital LLC lifted its holdings in Proofpoint Inc (NASDAQ:PFPT) by 1.5% in the 4th quarter, HoldingsChannel reports. The fund owned 144,166 shares of the software maker’s stock after buying an additional 2,111 shares during the quarter. Proofpoint comprises approximately 2.2% of Falcon Point Capital LLC’s portfolio, making the stock its 17th largest holding. Falcon Point Capital LLC’s holdings in Proofpoint were worth $12,803,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Exane Derivatives increased its position in shares of Proofpoint by 901.8% in the fourth quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock worth $152,000 after acquiring an additional 1,542 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Proofpoint in the second quarter worth $215,000. Gotham Asset Management LLC acquired a new stake in shares of Proofpoint in the second quarter worth $222,000. Sigma Planning Corp acquired a new stake in shares of Proofpoint in the fourth quarter worth $238,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Proofpoint in the second quarter worth $253,000.

Proofpoint Inc (NASDAQ:PFPT) opened at $96.87 on Tuesday. Proofpoint Inc has a 52 week low of $70.30 and a 52 week high of $104.62. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 11.57. The company has a market cap of $4,884.04, a price-to-earnings ratio of -50.72 and a beta of 1.39.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.08. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 131.99%. The firm had revenue of $145.40 million for the quarter, compared to the consensus estimate of $139.61 million. During the same period in the prior year, the firm posted $0.18 EPS. The firm’s revenue was up 36.1% compared to the same quarter last year. equities research analysts predict that Proofpoint Inc will post -0.91 earnings per share for the current fiscal year.

In other news, EVP Tracey Newell sold 8,183 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $89.96, for a total value of $736,142.68. Following the transaction, the executive vice president now directly owns 24,429 shares in the company, valued at approximately $2,197,632.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Eric Hahn sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $93.91, for a total transaction of $469,550.00. Following the completion of the transaction, the chairman now owns 33,001 shares in the company, valued at $3,099,123.91. The disclosure for this sale can be found here. Insiders have sold a total of 157,549 shares of company stock worth $14,186,056 over the last quarter. 5.96% of the stock is currently owned by insiders.

PFPT has been the subject of a number of recent analyst reports. Monness Crespi & Hardt initiated coverage on shares of Proofpoint in a report on Monday, October 16th. They set a “buy” rating and a $110.00 price target for the company. Oppenheimer initiated coverage on shares of Proofpoint in a report on Wednesday, November 1st. They set a “market perform” rating for the company. Evercore ISI set a $105.00 price target on shares of Proofpoint and gave the company a “buy” rating in a report on Friday, October 20th. Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Wednesday, December 20th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $100.00 price target on shares of Proofpoint in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $107.63.

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Proofpoint 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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