Proofpoint Inc (NASDAQ:PFPT) Shares Purchased by Polianta Ltd

Polianta Ltd lifted its position in Proofpoint Inc (NASDAQ:PFPT) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,500 shares of the software maker’s stock after acquiring an additional 100 shares during the period. Proofpoint accounts for approximately 0.8% of Polianta Ltd’s investment portfolio, making the stock its 13th biggest holding. Polianta Ltd’s holdings in Proofpoint were worth $1,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Proofpoint by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 86,500 shares of the software maker’s stock worth $7,251,000 after purchasing an additional 3,269 shares during the period. Comerica Bank acquired a new stake in Proofpoint during the 1st quarter worth about $218,000. Great West Life Assurance Co. Can grew its position in Proofpoint by 21.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 7,233 shares of the software maker’s stock worth $876,000 after purchasing an additional 1,300 shares during the period. First Trust Advisors LP grew its position in Proofpoint by 28.5% during the 1st quarter. First Trust Advisors LP now owns 282,408 shares of the software maker’s stock worth $34,293,000 after purchasing an additional 62,622 shares during the period. Finally, BlackRock Inc. grew its position in Proofpoint by 2.4% during the 1st quarter. BlackRock Inc. now owns 2,445,564 shares of the software maker’s stock worth $296,965,000 after purchasing an additional 56,860 shares during the period. 94.16% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on PFPT shares. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $150.00 price target (up from $137.00) on shares of Proofpoint in a research report on Friday, July 26th. Stifel Nicolaus increased their price target on Proofpoint from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. ValuEngine downgraded Proofpoint from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wedbush increased their price target on Proofpoint from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC raised their target price on Proofpoint from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $139.08.

In related news, CEO Gary Steele sold 20,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $123.79, for a total value of $2,475,800.00. Following the transaction, the chief executive officer now directly owns 100,574 shares of the company’s stock, valued at approximately $12,450,055.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bhagwat Swaroop sold 987 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $117.03, for a total transaction of $115,508.61. Following the completion of the transaction, the executive vice president now directly owns 553 shares in the company, valued at $64,717.59. The disclosure for this sale can be found here. Insiders sold a total of 80,044 shares of company stock worth $9,773,302 over the last ninety days. 2.93% of the stock is currently owned by corporate insiders.

Proofpoint stock traded up $1.12 during midday trading on Wednesday, reaching $126.17. The company had a trading volume of 14,251 shares, compared to its average volume of 604,429. The company has a market capitalization of $7.01 billion, a P/E ratio of -109.68 and a beta of 1.66. Proofpoint Inc has a 12-month low of $75.92 and a 12-month high of $133.00. The firm’s fifty day simple moving average is $122.62 and its 200-day simple moving average is $120.36. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.67 and a quick ratio of 0.66.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, July 25th. The software maker reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.07). The company had revenue of $214.40 million during the quarter, compared to analysts’ expectations of $211.33 million. Proofpoint had a negative net margin of 14.31% and a negative return on equity of 11.24%. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 earnings per share. On average, analysts expect that Proofpoint Inc will post -0.8 EPS for the current fiscal year.

About Proofpoint

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.

Recommended Story: What does an inverted yield curve signify?

Want to see what other hedge funds are holding PFPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Proofpoint Inc (NASDAQ:PFPT).

Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

Receive News & Ratings for Proofpoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint and related companies with MarketBeat.com's FREE daily email newsletter.