Proofpoint (NASDAQ:PFPT) had its price target lifted by Needham & Company LLC to $138.00 in a report published on Tuesday. Needham & Company LLC currently has a buy rating on the software maker’s stock. The analysts noted that the move was a valuation call.

PFPT has been the topic of a number of other research reports. Monness Crespi & Hardt raised their price target on Proofpoint from $120.00 to $135.00 and gave the stock a buy rating in a research report on Tuesday. Zacks Investment Research cut Proofpoint from a hold rating to a sell rating in a research report on Wednesday, April 11th. Wedbush restated an outperform rating and issued a $130.00 price target on shares of Proofpoint in a research report on Monday, April 9th. Cowen restated a buy rating on shares of Proofpoint in a research report on Thursday, March 1st. Finally, Dougherty & Co restated a buy rating and issued a $125.00 price target (up previously from $118.00) on shares of Proofpoint in a research report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $124.27.

Shares of NASDAQ PFPT opened at $117.23 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Proofpoint has a 52 week low of $74.42 and a 52 week high of $127.35. The firm has a market capitalization of $6,104.95, a P/E ratio of -89.49 and a beta of 1.19.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, April 26th. The software maker reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.15. Proofpoint had a negative return on equity of 54.09% and a negative net margin of 16.37%. The company had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $151.86 million. During the same quarter last year, the business earned $0.12 earnings per share. Proofpoint’s revenue was up 40.6% on a year-over-year basis. equities analysts anticipate that Proofpoint will post -1.01 EPS for the current year.

In other news, Chairman Eric Hahn sold 5,000 shares of Proofpoint stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $105.93, for a total transaction of $529,650.00. Following the sale, the chairman now directly owns 28,001 shares of the company’s stock, valued at $2,966,145.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary Steele sold 40,000 shares of Proofpoint stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $102.40, for a total value of $4,096,000.00. Following the sale, the chief executive officer now directly owns 94,203 shares in the company, valued at $9,646,387.20. The disclosure for this sale can be found here. Insiders sold 86,303 shares of company stock worth $9,007,666 over the last ninety days. 5.96% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Proofpoint by 13.5% during the third quarter. Public Employees Retirement System of Ohio now owns 22,870 shares of the software maker’s stock valued at $1,995,000 after purchasing an additional 2,728 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Proofpoint by 2.5% during the third quarter. California Public Employees Retirement System now owns 89,319 shares of the software maker’s stock valued at $7,790,000 after purchasing an additional 2,219 shares in the last quarter. Stanley Laman Group Ltd. boosted its stake in shares of Proofpoint by 769.4% during the fourth quarter. Stanley Laman Group Ltd. now owns 71,461 shares of the software maker’s stock valued at $6,346,000 after purchasing an additional 63,241 shares in the last quarter. Legato Capital Management LLC boosted its stake in shares of Proofpoint by 57.6% during the fourth quarter. Legato Capital Management LLC now owns 15,082 shares of the software maker’s stock valued at $1,339,000 after purchasing an additional 5,511 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in shares of Proofpoint by 50.5% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 6,818 shares of the software maker’s stock valued at $606,000 after purchasing an additional 2,289 shares in the last quarter.

Proofpoint Company Profile

Proofpoint, Inc operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ?drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

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