Advisory Services Network LLC Cuts Stake in FireEye, Inc. (FEYE)

Advisory Services Network LLC lowered its stake in shares of FireEye, Inc. (NASDAQ:FEYE) by 9.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,700 shares of the information security company’s stock after selling 3,000 shares during the period. Advisory Services Network LLC’s holdings in FireEye were worth $421,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in shares of FireEye by 30.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock worth $101,000 after purchasing an additional 1,528 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in FireEye by 15.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock valued at $141,000 after acquiring an additional 1,252 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new stake in FireEye during the 2nd quarter valued at about $142,000. FNY Partners Fund LP grew its stake in FireEye by 900.0% during the 2nd quarter. FNY Partners Fund LP now owns 10,000 shares of the information security company’s stock valued at $152,000 after acquiring an additional 9,000 shares in the last quarter. Finally, US Bancorp DE grew its stake in FireEye by 271.0% during the 1st quarter. US Bancorp DE now owns 10,662 shares of the information security company’s stock valued at $135,000 after acquiring an additional 7,788 shares in the last quarter. 67.56% of the stock is owned by institutional investors and hedge funds.

Shares of FireEye, Inc. (NASDAQ FEYE) traded down 0.83% on Friday, reaching $16.68. 343,997 shares of the company’s stock traded hands. FireEye, Inc. has a 52 week low of $10.35 and a 52 week high of $18.00. The company has a 50 day moving average of $16.78 and a 200-day moving average of $15.04. The stock’s market capitalization is $3.04 billion.

FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.13. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The firm had revenue of $185.50 million during the quarter, compared to analyst estimates of $176.39 million. During the same quarter in the previous year, the firm earned ($0.33) earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts forecast that FireEye, Inc. will post ($0.21) earnings per share for the current year.

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In other news, President Travis M. Reese sold 88,445 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $17.50, for a total transaction of $1,547,787.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alexa King sold 25,000 shares of the company’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $18.00, for a total transaction of $450,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 194,884 shares of company stock valued at $3,210,523. 2.40% of the stock is owned by insiders.

Several brokerages recently issued reports on FEYE. BMO Capital Markets reaffirmed a “market perform” rating and set a $17.00 price objective (up previously from $15.00) on shares of FireEye in a research note on Tuesday, August 8th. BTIG Research reissued a “buy” rating and issued a $18.00 price target (up previously from $17.00) on shares of FireEye in a research note on Tuesday, August 8th. Evercore ISI set a $20.00 price target on shares of FireEye and gave the company a “buy” rating in a research note on Sunday, October 15th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $23.00 price target on shares of FireEye in a research note on Thursday. Finally, Cowen and Company reissued a “hold” rating and issued a $15.00 price target on shares of FireEye in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. FireEye presently has a consensus rating of “Hold” and a consensus target price of $17.13.

FireEye 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).

Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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