Jefferies Group LLC Acquires 224,022 Shares of FireEye Inc (FEYE)

Jefferies Group LLC boosted its holdings in FireEye Inc (NASDAQ:FEYE) by 862.4% during the third quarter, HoldingsChannel.com reports. The firm owned 250,000 shares of the information security company’s stock after acquiring an additional 224,022 shares during the quarter. Jefferies Group LLC’s holdings in FireEye were worth $4,250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. King Luther Capital Management Corp increased its stake in shares of FireEye by 1.0% in the third quarter. King Luther Capital Management Corp now owns 390,051 shares of the information security company’s stock worth $6,631,000 after purchasing an additional 4,037 shares in the last quarter. S Squared Technology LLC increased its stake in shares of FireEye by 25.5% in the third quarter. S Squared Technology LLC now owns 172,251 shares of the information security company’s stock worth $2,928,000 after purchasing an additional 35,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of FireEye by 46.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 170,805 shares of the information security company’s stock worth $2,874,000 after purchasing an additional 54,523 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of FireEye by 108.0% in the third quarter. Baird Financial Group Inc. now owns 103,665 shares of the information security company’s stock worth $1,749,000 after purchasing an additional 53,835 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of FireEye by 60.1% in the third quarter. Dimensional Fund Advisors LP now owns 20,556 shares of the information security company’s stock worth $349,000 after purchasing an additional 7,717 shares in the last quarter. Institutional investors and hedge funds own 74.10% of the company’s stock.

In related news, EVP Alexa King sold 4,828 shares of the firm’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $20.00, for a total transaction of $96,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William T. Robbins sold 1,409 shares of the firm’s stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $18.01, for a total transaction of $25,376.09. Following the transaction, the executive vice president now directly owns 324,444 shares of the company’s stock, valued at $5,843,236.44. The disclosure for this sale can be found here. Insiders have sold 99,643 shares of company stock valued at $1,862,222 over the last ninety days. 2.40% of the stock is currently owned by corporate insiders.

FEYE opened at $19.43 on Friday. The firm has a market cap of $3.98 billion, a P/E ratio of -17.83 and a beta of 0.28. FireEye Inc has a fifty-two week low of $13.60 and a fifty-two week high of $20.61. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.02 and a quick ratio of 2.01.

FireEye (NASDAQ:FEYE) last posted its earnings results on Tuesday, October 30th. The information security company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The company had revenue of $211.65 million during the quarter, compared to analysts’ expectations of $208.46 million. FireEye had a negative net margin of 33.32% and a negative return on equity of 22.98%. FireEye’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company posted ($0.04) earnings per share. As a group, research analysts predict that FireEye Inc will post -0.71 EPS for the current year.

A number of analysts have recently issued reports on FEYE shares. Goldman Sachs Group set a $22.00 price objective on shares of FireEye and gave the stock a “buy” rating in a research note on Thursday, October 4th. ValuEngine cut shares of FireEye from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. BidaskClub raised shares of FireEye from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 19th. Robert W. Baird started coverage on shares of FireEye in a research note on Wednesday, October 17th. They issued an “outperform” rating and a $22.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of FireEye to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 31st. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.27.

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FireEye Company 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.

See Also: Retained Earnings

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Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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