California State Teachers Retirement System reduced its holdings in FireEye Inc (NASDAQ:FEYE) by 0.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 305,986 shares of the information security company’s stock after selling 1,234 shares during the quarter. California State Teachers Retirement System’s holdings in FireEye were worth $5,138,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Berkeley Capital Partners LLC grew its holdings in FireEye by 20.8% in the first quarter. Berkeley Capital Partners LLC now owns 29,273 shares of the information security company’s stock valued at $491,000 after purchasing an additional 5,031 shares during the period. Two Sigma Investments LP acquired a new stake in FireEye in the fourth quarter valued at approximately $54,563,000. Berman Capital Advisors LLC acquired a new stake in FireEye in the fourth quarter valued at approximately $137,000. Eaton Vance Management grew its holdings in FireEye by 13.7% in the fourth quarter. Eaton Vance Management now owns 112,619 shares of the information security company’s stock valued at $1,826,000 after purchasing an additional 13,563 shares during the period. Finally, NumerixS Investment Technologies Inc grew its holdings in FireEye by 210.7% in the fourth quarter. NumerixS Investment Technologies Inc now owns 26,100 shares of the information security company’s stock valued at $420,000 after purchasing an additional 17,700 shares during the period. 79.79% of the stock is currently owned by institutional investors.
In other FireEye news, EVP Alexa King sold 3,156 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $15.37, for a total transaction of $48,507.72. Following the transaction, the executive vice president now owns 505,060 shares of the company’s stock, valued at approximately $7,762,772.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 4,613 shares of company stock worth $69,539. Corporate insiders own 2.40% of the company’s stock.
Several analysts have commented on FEYE shares. Zacks Investment Research lowered FireEye from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. JPMorgan Chase & Co. raised FireEye from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Monday, March 11th. Mizuho started coverage on FireEye in a report on Tuesday, March 26th. They issued a “neutral” rating and a $18.00 price objective on the stock. BidaskClub lowered FireEye from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Finally, Robert W. Baird reissued a “buy” rating and issued a $23.00 price objective on shares of FireEye in a report on Monday, April 29th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $19.79.
Shares of FireEye stock opened at $14.50 on Thursday. FireEye Inc has a fifty-two week low of $13.85 and a fifty-two week high of $20.61. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.00 and a quick ratio of 1.99.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Tuesday, April 30th. The information security company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). FireEye had a negative return on equity of 20.85% and a negative net margin of 29.28%. The business had revenue of $210.54 million for the quarter, compared to analysts’ expectations of $210.22 million. During the same period in the prior year, the company earned ($0.04) EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts expect that FireEye Inc will post -0.58 earnings per share for the current fiscal year.
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FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.
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