Wealthstreet Investment Advisors LLC purchased a new stake in shares of FireEye Inc (NASDAQ:FEYE) in the 2nd quarter, Holdings Channel reports. The fund purchased 19,720 shares of the information security company’s stock, valued at approximately $303,000.
Other institutional investors also recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd raised its stake in shares of FireEye by 946.5% during the first quarter. Point72 Asia Hong Kong Ltd now owns 7,336 shares of the information security company’s stock valued at $124,000 after acquiring an additional 6,635 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of FireEye by 56.9% during the first quarter. Asset Management One Co. Ltd. now owns 7,800 shares of the information security company’s stock valued at $132,000 after acquiring an additional 2,830 shares in the last quarter. Natixis Advisors L.P. bought a new stake in shares of FireEye during the first quarter valued at approximately $201,000. Thompson Davis & CO. Inc. bought a new stake in shares of FireEye during the first quarter valued at approximately $229,000. Finally, Seven Eight Capital LP bought a new stake in shares of FireEye during the first quarter valued at approximately $236,000. 65.39% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on FEYE. Zacks Investment Research downgraded shares of FireEye from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. ValuEngine raised shares of FireEye from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. JPMorgan Chase & Co. lifted their price target on shares of FireEye to $20.00 and gave the company a “neutral” rating in a research note on Thursday, May 3rd. Deutsche Bank lifted their price target on shares of FireEye from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, May 3rd. Finally, BMO Capital Markets lifted their price target on shares of FireEye from $17.00 to $18.00 and gave the company a “market perform” rating in a research note on Thursday, May 3rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. FireEye presently has an average rating of “Buy” and a consensus target price of $19.54.
In other FireEye news, CEO Kevin R. Mandia sold 15,701 shares of FireEye stock in a transaction on Monday, June 18th. The stock was sold at an average price of $16.95, for a total transaction of $266,131.95. Following the completion of the transaction, the chief executive officer now directly owns 3,103,942 shares of the company’s stock, valued at $52,611,816.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Alexa King sold 3,190 shares of FireEye stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $17.35, for a total value of $55,346.50. Following the transaction, the executive vice president now directly owns 450,725 shares of the company’s stock, valued at $7,820,078.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,824 shares of company stock valued at $337,666. Company insiders own 2.40% of the company’s stock.
Shares of FireEye opened at $16.16 on Monday, MarketBeat reports. The company has a market cap of $3.10 billion, a P/E ratio of -14.83 and a beta of 0.36. FireEye Inc has a 52-week low of $13.40 and a 52-week high of $19.36. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.70 and a current ratio of 1.71.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Wednesday, May 2nd. The information security company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.04). The company had revenue of $199.07 million during the quarter, compared to analysts’ expectations of $193.91 million. FireEye had a negative return on equity of 25.25% and a negative net margin of 37.68%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned ($0.05) earnings per share. sell-side analysts anticipate that FireEye Inc will post -0.81 earnings per share for the current fiscal year.
FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.
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