Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Proofpoint Inc (NASDAQ:PFPT) by 18.6% in the 4th quarter, HoldingsChannel reports. The firm owned 16,664 shares of the software maker’s stock after selling 3,799 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Proofpoint were worth $1,480,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PFPT. PNC Financial Services Group Inc. increased its holdings in Proofpoint by 5.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the software maker’s stock valued at $339,000 after purchasing an additional 200 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Proofpoint by 340.9% in the 2nd quarter. Renaissance Technologies LLC now owns 175,900 shares of the software maker’s stock valued at $15,273,000 after purchasing an additional 136,000 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Proofpoint by 433.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,440 shares of the software maker’s stock valued at $2,556,000 after purchasing an additional 23,917 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in Proofpoint in the 2nd quarter valued at $222,000. Finally, State Street Corp increased its holdings in Proofpoint by 7.6% in the 2nd quarter. State Street Corp now owns 851,530 shares of the software maker’s stock valued at $73,938,000 after purchasing an additional 60,236 shares in the last quarter.

Proofpoint Inc (NASDAQ:PFPT) opened at $96.87 on Tuesday. The company has a debt-to-equity ratio of 11.57, a quick ratio of 1.51 and a current ratio of 1.51. Proofpoint Inc has a 12-month low of $70.30 and a 12-month high of $104.62. The company has a market cap of $4,884.04, a PE ratio of -50.72 and a beta of 1.39.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, topping the 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 business had revenue of $145.40 million for the quarter, compared to analysts’ expectations of $139.61 million. During the same quarter last year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 36.1% compared to the same quarter last year. research analysts forecast that Proofpoint Inc will post -0.91 EPS for the current fiscal year.

In other Proofpoint news, CEO Gary Steele sold 40,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $90.88, for a total value of $3,635,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tracey Newell sold 8,183 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $89.96, for a total transaction of $736,142.68. Following the completion of the transaction, the executive vice president now directly owns 24,429 shares in the company, valued at approximately $2,197,632.84. The disclosure for this sale can be found here. Insiders have sold 157,549 shares of company stock worth $14,186,056 in the last ninety days. Corporate insiders own 5.96% of the company’s stock.

Several brokerages recently issued reports on PFPT. Stifel Nicolaus set a $100.00 price target on Proofpoint and gave the company a “buy” rating in a report on Monday, October 16th. Dougherty & Co increased their price target on Proofpoint from $108.00 to $118.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. TheStreet upgraded Proofpoint from a “d” rating to a “c-” rating in a report on Wednesday, February 7th. Wedbush reiterated an “outperform” rating and issued a $106.00 price target (down from $108.00) on shares of Proofpoint in a report on Tuesday, December 5th. Finally, BidaskClub upgraded Proofpoint from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Proofpoint has an average rating of “Buy” and an average price target of $107.63.

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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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