FireEye Inc (NASDAQ:FEYE) Stake Lowered by SG Americas Securities LLC

SG Americas Securities LLC decreased its stake in shares of FireEye Inc (NASDAQ:FEYE) by 71.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 6,690 shares of the information security company’s stock after selling 16,634 shares during the period. SG Americas Securities LLC’s holdings in FireEye were worth $112,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FEYE. Bank of Montreal Can boosted its stake in FireEye by 19.7% in the first quarter. Bank of Montreal Can now owns 467,196 shares of the information security company’s stock valued at $7,844,000 after buying an additional 76,754 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of FireEye in the first quarter worth approximately $657,000. Virginia Retirement Systems ET AL bought a new stake in FireEye in the first quarter worth approximately $566,000. Pier Capital LLC increased its holdings in FireEye by 32.5% in the first quarter. Pier Capital LLC now owns 426,613 shares of the information security company’s stock worth $7,163,000 after purchasing an additional 104,713 shares in the last quarter. Finally, McGuire Investment Group LLC increased its holdings in FireEye by 7.5% in the first quarter. McGuire Investment Group LLC now owns 75,331 shares of the information security company’s stock worth $1,265,000 after purchasing an additional 5,270 shares in the last quarter. Institutional investors and hedge funds own 79.79% of the company’s stock.

NASDAQ FEYE traded up $0.02 during trading hours on Wednesday, hitting $14.45. 156,171 shares of the company were exchanged, compared to its average volume of 3,868,268. 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 Inc has a 52 week low of $13.85 and a 52 week high of $20.61. The stock has a market capitalization of $2.94 billion, a P/E ratio of -20.07 and a beta of 0.97.

FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, April 30th. The information security company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). The business had revenue of $210.54 million for the quarter, compared to the consensus estimate of $210.22 million. FireEye had a negative net margin of 29.28% and a negative return on equity of 20.85%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.04) EPS. As a group, equities research analysts anticipate that FireEye Inc will post -0.58 earnings per share for the current fiscal year.

In other FireEye news, EVP Alexa King sold 3,156 shares of the company’s 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 completion of the sale, the executive vice president now owns 505,060 shares in the company, valued at $7,762,772.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 4,613 shares of company stock valued at $69,539. 2.40% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on FEYE shares. Zacks Investment Research upgraded FireEye from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Monday, April 22nd. BidaskClub raised FireEye from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 30th. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 price target on shares of FireEye in a research report on Wednesday, May 29th. Wedbush reiterated a “neutral” rating and set a $17.00 price objective on shares of FireEye in a research note on Friday, May 31st. Finally, Evercore ISI restated a “buy” rating and issued a $25.00 target price on shares of FireEye in a research note on Sunday, June 2nd. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. FireEye presently has an average rating of “Hold” and an average target price of $19.79.

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About FireEye

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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Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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