First Republic Investment Management Inc. Trims Position in FireEye Inc (FEYE)

First Republic Investment Management Inc. reduced its position in FireEye Inc (NASDAQ:FEYE) by 11.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,747 shares of the information security company’s stock after selling 3,795 shares during the quarter. First Republic Investment Management Inc.’s holdings in FireEye were worth $515,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FEYE. ETF Managers Group LLC bought a new position in FireEye in the second quarter worth $43,372,000. Balyasny Asset Management LLC lifted its position in FireEye by 213.3% in the second quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company’s stock worth $44,144,000 after purchasing an additional 1,975,924 shares during the period. Pinnacle Associates Ltd. lifted its position in FireEye by 81.7% in the second quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock worth $52,385,000 after purchasing an additional 1,548,425 shares during the period. Vanguard Group Inc. lifted its position in FireEye by 7.9% in the second quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock worth $191,317,000 after purchasing an additional 917,967 shares during the period. Finally, Nationwide Fund Advisors bought a new position in shares of FireEye during the second quarter valued at $8,593,000. 68.39% of the stock is owned by hedge funds and other institutional investors.

Shares of FireEye Inc (NASDAQ FEYE) opened at $14.50 on Friday. FireEye Inc has a 12 month low of $10.35 and a 12 month high of $18.00. The company has a current ratio of 1.99, a quick ratio of 1.98 and a debt-to-equity ratio of 1.00.

FireEye (NASDAQ:FEYE) last announced its earnings results on Wednesday, November 1st. The information security company reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.03. FireEye had a negative return on equity of 23.71% and a negative net margin of 39.29%. The company had revenue of $189.60 million during the quarter, compared to analyst estimates of $186.41 million. During the same period last year, the company posted ($0.18) earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. research analysts anticipate that FireEye Inc will post -1.07 EPS for the current fiscal year.

A number of research analysts have issued reports on FEYE shares. Oppenheimer reissued a “buy” rating and set a $23.00 price objective on shares of FireEye in a report on Monday, September 18th. Northland Securities set a $22.00 price objective on FireEye and gave the company a “buy” rating in a report on Thursday, October 12th. Bank of America lifted their price objective on FireEye from $18.00 to $21.00 and gave the company a “buy” rating in a report on Monday, September 25th. Goldman Sachs Group reissued a “buy” rating and set a $19.00 price objective on shares of FireEye in a report on Wednesday, August 23rd. Finally, Evercore ISI set a $20.00 price objective on FireEye and gave the company a “buy” rating in a report on Sunday, October 15th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.22.

In other news, President Travis M. Reese sold 88,445 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $17.50, for a total value of $1,547,787.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Travis M. Reese sold 11,555 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $17.50, for a total value of $202,212.50. Following the completion of the sale, the president now owns 508,210 shares of the company’s stock, valued at $8,893,675. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,767 shares of company stock valued at $2,291,828. 2.40% of the stock is currently owned by corporate insiders.

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About FireEye

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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