Oakbrook Investments LLC purchased a new stake in shares of FireEye Inc (NASDAQ:FEYE) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,600 shares of the information security company’s stock, valued at approximately $157,000.
A number of other hedge funds also recently added to or reduced their stakes in FEYE. Norges Bank acquired a new position in FireEye during the 4th quarter valued at about $40,018,000. First Trust Advisors LP boosted its stake in shares of FireEye by 114.8% in the 1st quarter. First Trust Advisors LP now owns 3,301,854 shares of the information security company’s stock worth $55,438,000 after buying an additional 1,764,847 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of FireEye by 190.2% in the 1st quarter. Clearbridge Investments LLC now owns 905,980 shares of the information security company’s stock worth $15,211,000 after buying an additional 593,765 shares during the last quarter. ETF Managers Group LLC boosted its stake in shares of FireEye by 14.6% in the 1st quarter. ETF Managers Group LLC now owns 3,348,914 shares of the information security company’s stock worth $56,228,000 after buying an additional 426,289 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in shares of FireEye by 15.0% in the 1st quarter. Pictet Asset Management Ltd. now owns 2,385,000 shares of the information security company’s stock worth $40,044,000 after buying an additional 311,983 shares during the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.
In related news, EVP Alexa King sold 3,156 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $15.37, for a total value of $48,507.72. Following the transaction, 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 is available through the SEC website. Also, President Travis M. Reese sold 15,616 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $14.69, for a total value of $229,399.04. Following the completion of the transaction, the president now owns 885,325 shares in the company, valued at approximately $13,005,424.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,229 shares of company stock worth $298,938. 2.40% of the stock is owned by company insiders.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Tuesday, July 30th. The information security company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.16. FireEye had a negative return on equity of 20.85% and a negative net margin of 29.28%. The business had revenue of $218.00 million for the quarter, compared to the consensus estimate of $215.45 million. The company’s revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that FireEye Inc will post -0.58 earnings per share for the current year.
A number of brokerages have recently weighed in on FEYE. Zacks Investment Research downgraded Inflarx from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. BMO Capital Markets cut their target price on Terex to $30.00 and set a “market perform” rating on the stock in a research note on Wednesday. Robert W. Baird restated a “buy” rating and issued a $23.00 target price on shares of FireEye in a research note on Wednesday, May 29th. 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. Finally, BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $19.48.
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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