FireEye, Inc. (FEYE) Shares Sold by IFP Advisors Inc

IFP Advisors Inc cut its stake in shares of FireEye, Inc. (NASDAQ:FEYE) by 7.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 22,508 shares of the information security company’s stock after selling 1,830 shares during the period. IFP Advisors Inc’s holdings in FireEye were worth $342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Asset Management Company LTD boosted its position in FireEye by 66.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,532,435 shares of the information security company’s stock valued at $31,934,000 after buying an additional 1,014,120 shares during the period. Bourgeon Capital Management LLC boosted its position in FireEye by 2.5% in the first quarter. Bourgeon Capital Management LLC now owns 50,350 shares of the information security company’s stock valued at $635,000 after buying an additional 1,250 shares during the period. Moloney Securities Asset Management LLC bought a new position in FireEye during the first quarter valued at $912,000. Exencial Wealth Advisors LLC bought a new position in FireEye during the first quarter valued at $186,000. Finally, Russell Investments Group Ltd. boosted its position in FireEye by 54.8% in the first quarter. Russell Investments Group Ltd. now owns 645,139 shares of the information security company’s stock valued at $8,134,000 after buying an additional 228,362 shares during the period. Institutional investors own 64.30% of the company’s stock.

Shares of FireEye, Inc. (NASDAQ FEYE) opened at 13.91 on Wednesday. The firm’s 50-day moving average is $15.09 and its 200 day moving average is $13.54. The company’s market capitalization is $2.53 billion. FireEye, Inc. has a 52-week low of $10.35 and a 52-week high of $16.40.

FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Tuesday, August 1st. The information security company reported ($0.26) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.13. The firm had revenue of $185.50 million for the quarter, compared to the consensus estimate of $176.39 million. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.33) EPS. On average, equities research analysts anticipate that FireEye, Inc. will post ($0.21) earnings per share for the current year.

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Several research analysts have recently weighed in on the stock. Susquehanna Bancshares Inc assumed coverage on shares of FireEye in a report on Wednesday, June 7th. They issued a “neutral” rating and a $17.00 price target for the company. Stifel Nicolaus reiterated a “buy” rating on shares of FireEye in a report on Wednesday, July 19th. Vetr cut shares of FireEye from a “strong-buy” rating to a “buy” rating and set a $17.31 price target for the company. in a report on Thursday, June 22nd. Finally, ValuEngine cut shares of FireEye from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $15.97.

In other FireEye news, EVP Alexa King sold 69,884 shares of FireEye stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the transaction, the executive vice president now directly owns 428,733 shares of the company’s stock, valued at approximately $6,199,479.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by insiders.

FireEye Company Profile

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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Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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