Proofpoint Inc (NASDAQ:PFPT) Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC boosted its position in shares of Proofpoint Inc (NASDAQ:PFPT) by 2.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 625,067 shares of the software maker’s stock after purchasing an additional 13,203 shares during the quarter. Proofpoint accounts for about 1.4% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 8th biggest holding. Stephens Investment Management Group LLC owned about 1.11% of Proofpoint worth $75,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Manchester Capital Management LLC bought a new position in Proofpoint in the first quarter valued at approximately $56,000. Ashburton Jersey Ltd bought a new position in Proofpoint in the second quarter valued at approximately $60,000. Shine Investment Advisory Services Inc. lifted its stake in Proofpoint by 82.8% in the second quarter. Shine Investment Advisory Services Inc. now owns 607 shares of the software maker’s stock valued at $73,000 after buying an additional 275 shares in the last quarter. Rehmann Capital Advisory Group lifted its stake in Proofpoint by 72.0% in the first quarter. Rehmann Capital Advisory Group now owns 786 shares of the software maker’s stock valued at $95,000 after buying an additional 329 shares in the last quarter. Finally, Coastal Capital Group Inc. bought a new position in Proofpoint in the second quarter valued at approximately $105,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

NASDAQ PFPT traded down $0.70 on Thursday, hitting $114.32. 6,299 shares of the stock were exchanged, compared to its average volume of 505,687. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.67 and a quick ratio of 0.66. The business has a fifty day simple moving average of $122.99. Proofpoint Inc has a 52 week low of $75.92 and a 52 week high of $132.85. The stock has a market capitalization of $6.45 billion, a P/E ratio of -99.33 and a beta of 1.66.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Thursday, July 25th. The software maker reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.07). Proofpoint had a negative return on equity of 11.24% and a negative net margin of 14.31%. The firm had revenue of $214.40 million for the quarter, compared to the consensus estimate of $211.33 million. During the same period last year, the company posted $0.26 earnings per share. The business’s revenue was up 24.7% compared to the same quarter last year. On average, equities analysts expect that Proofpoint Inc will post -0.77 EPS for the current fiscal year.

In other Proofpoint news, EVP David Knight sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $118.45, for a total transaction of $177,675.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Robert Darren Lee sold 2,615 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $107.83, for a total transaction of $281,975.45. The disclosure for this sale can be found here. Insiders have sold 63,872 shares of company stock worth $7,511,021 over the last ninety days. Insiders own 2.93% of the company’s stock.

A number of brokerages have weighed in on PFPT. Northland Securities reaffirmed a “buy” rating and issued a $160.00 price target on shares of Proofpoint in a research note on Friday, July 26th. BidaskClub lowered shares of Proofpoint from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. Cowen began coverage on shares of Proofpoint in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $140.00 price target on the stock. Wedbush lifted their price target on shares of Proofpoint from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, KeyCorp lifted their price target on shares of Proofpoint from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $138.18.

Proofpoint Profile

Proofpoint, Inc operates as a security-as-a-service 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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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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