Mondrian Capital Management LLC acquired a new stake in Proofpoint Inc (NASDAQ:PFPT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 50,000 shares of the software maker’s stock, valued at approximately $4,191,000. Proofpoint comprises about 2.3% of Mondrian Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding. Mondrian Capital Management LLC owned about 0.09% of Proofpoint at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. TIAA CREF Investment Management LLC increased its stake in Proofpoint by 149.9% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,812,611 shares of the software maker’s stock valued at $192,735,000 after buying an additional 1,087,297 shares during the period. Teachers Advisors LLC grew its stake in shares of Proofpoint by 111.0% in the 3rd quarter. Teachers Advisors LLC now owns 849,483 shares of the software maker’s stock worth $90,326,000 after purchasing an additional 446,817 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Proofpoint by 143.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 734,917 shares of the software maker’s stock worth $78,144,000 after purchasing an additional 432,467 shares during the last quarter. Wasatch Advisors Inc. grew its stake in shares of Proofpoint by 40.0% in the 3rd quarter. Wasatch Advisors Inc. now owns 992,935 shares of the software maker’s stock worth $105,579,000 after purchasing an additional 283,598 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Proofpoint by 22.2% in the 3rd quarter. FMR LLC now owns 1,516,931 shares of the software maker’s stock worth $161,295,000 after purchasing an additional 276,000 shares during the last quarter. Hedge funds and other institutional investors own 97.86% of the company’s stock.
In other Proofpoint news, SVP Robert Darren Lee sold 8,031 shares of Proofpoint stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $114.43, for a total value of $918,987.33. Following the completion of the sale, the senior vice president now directly owns 6,698 shares in the company, valued at $766,452.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Scott Herren sold 3,200 shares of Proofpoint stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $117.00, for a total transaction of $374,400.00. Following the completion of the sale, the director now owns 13,228 shares of the company’s stock, valued at $1,547,676. The disclosure for this sale can be found here. Insiders sold 112,731 shares of company stock valued at $10,961,032 over the last quarter. Corporate insiders own 3.37% of the company’s stock.
PFPT has been the topic of several recent research reports. First Analysis cut shares of Proofpoint from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $150.00 to $110.00 in a research note on Friday, October 26th. Wedbush lowered their price objective on shares of Proofpoint from $124.00 to $115.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 8th. They noted that the move was a valuation call. Morgan Stanley lowered their price objective on shares of Proofpoint from $134.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Finally, Deutsche Bank cut shares of Proofpoint from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $125.00 to $95.00 in a research note on Friday, October 26th. One investment analyst has rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $123.65.
NASDAQ PFPT opened at $116.12 on Tuesday. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of -100.97 and a beta of 1.76. Proofpoint Inc has a 12-month low of $75.92 and a 12-month high of $130.27.
Proofpoint (NASDAQ:PFPT) last posted its earnings results on Thursday, January 31st. The software maker reported ($0.20) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.15. The firm had revenue of $198.48 million during the quarter, compared to analysts’ expectations of $192.92 million. Proofpoint had a negative net margin of 14.47% and a negative return on equity of 13.40%. Equities research analysts predict that Proofpoint Inc will post -1.18 EPS for the current fiscal year.
Proofpoint, Inc operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.
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