Raymond James & Associates Boosts Stake in FireEye Inc (FEYE)

Raymond James & Associates raised its stake in shares of FireEye Inc (NASDAQ:FEYE) by 29.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 154,711 shares of the information security company’s stock after purchasing an additional 35,187 shares during the quarter. Raymond James & Associates owned 0.08% of FireEye worth $2,381,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. OppenheimerFunds Inc. increased its stake in FireEye by 100.0% in the second quarter. OppenheimerFunds Inc. now owns 6,000,378 shares of the information security company’s stock valued at $92,346,000 after acquiring an additional 3,000,051 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its stake in FireEye by 18.6% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,320,235 shares of the information security company’s stock valued at $35,708,000 after acquiring an additional 363,900 shares during the period. Fisher Asset Management LLC increased its stake in FireEye by 8.1% in the second quarter. Fisher Asset Management LLC now owns 2,272,111 shares of the information security company’s stock valued at $34,968,000 after acquiring an additional 170,299 shares during the period. Renaissance Technologies LLC increased its stake in FireEye by 20.2% in the second quarter. Renaissance Technologies LLC now owns 2,190,466 shares of the information security company’s stock valued at $33,711,000 after acquiring an additional 368,666 shares during the period. Finally, Legal & General Group Plc increased its stake in FireEye by 17.7% in the second quarter. Legal & General Group Plc now owns 1,386,514 shares of the information security company’s stock valued at $21,338,000 after acquiring an additional 208,698 shares during the period. Institutional investors own 69.92% of the company’s stock.

In other news, EVP William T. Robbins sold 6,400 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $14.46, for a total transaction of $92,544.00. Following the transaction, the executive vice president now directly owns 359,444 shares in the company, valued at $5,197,560.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Travis M. Reese sold 3,201 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $14.46, for a total transaction of $46,286.46. Following the transaction, the president now owns 715,060 shares in the company, valued at $10,339,767.60. The disclosure for this sale can be found here. Insiders have sold 20,820 shares of company stock worth $301,057 over the last quarter. 2.40% of the stock is owned by company insiders.

A number of research firms have commented on FEYE. BidaskClub lowered shares of FireEye from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. ValuEngine lowered shares of FireEye from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Goldman Sachs Group set a $22.00 price target on shares of FireEye and gave the company a “buy” rating in a research report on Thursday, October 4th. Wedbush restated a “neutral” rating and issued a $18.00 price target (up from $16.00) on shares of FireEye in a research report on Monday. Finally, BMO Capital Markets reduced their price target on shares of FireEye from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Thursday, August 2nd. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.72.

Shares of FEYE stock opened at $16.43 on Tuesday. FireEye Inc has a 1 year low of $13.40 and a 1 year high of $19.36. The company has a market cap of $3.32 billion, a PE ratio of -15.07 and a beta of 0.38. The company has a current ratio of 2.03, a quick ratio of 2.02 and a debt-to-equity ratio of 1.42.

FireEye (NASDAQ:FEYE) last announced its earnings results on Wednesday, August 1st. The information security company reported ($0.21) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.01. FireEye had a negative net margin of 37.13% and a negative return on equity of 25.26%. The company had revenue of $203.00 million for the quarter, compared to analyst estimates of $201.54 million. During the same period in the prior year, the business earned ($0.04) earnings per share. FireEye’s quarterly revenue was up 5.9% on a year-over-year basis. Research analysts predict that FireEye Inc will post -0.79 EPS for the current year.

FireEye Profile

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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Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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