Point72 Hong Kong Ltd Makes New $250,000 Investment in Proofpoint Inc (NASDAQ:PFPT)

Point72 Hong Kong Ltd acquired a new stake in Proofpoint Inc (NASDAQ:PFPT) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,181 shares of the software maker’s stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PFPT. Point72 Asset Management L.P. boosted its position in shares of Proofpoint by 21,856.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 175,652 shares of the software maker’s stock worth $22,668,000 after acquiring an additional 174,852 shares in the last quarter. Credit Suisse AG lifted its stake in Proofpoint by 11.5% in the 4th quarter. Credit Suisse AG now owns 385,381 shares of the software maker’s stock valued at $44,234,000 after purchasing an additional 39,875 shares during the last quarter. Polianta Ltd lifted its stake in Proofpoint by 2.1% in the 4th quarter. Polianta Ltd now owns 9,700 shares of the software maker’s stock valued at $1,113,000 after purchasing an additional 200 shares during the last quarter. AO Asset Management LP boosted its position in Proofpoint by 16.3% in the fourth quarter. AO Asset Management LP now owns 165,200 shares of the software maker’s stock valued at $18,962,000 after buying an additional 23,200 shares in the last quarter. Finally, Teza Capital Management LLC acquired a new stake in Proofpoint in the fourth quarter valued at approximately $369,000. 96.94% of the stock is owned by hedge funds and other institutional investors.

In other Proofpoint news, EVP David Knight sold 2,500 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $123.96, for a total value of $309,900.00. Following the sale, the executive vice president now directly owns 7,328 shares in the company, valued at $908,378.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Paul R. Auvil III sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $125.10, for a total value of $3,127,500.00. Following the completion of the sale, the chief financial officer now owns 94,831 shares in the company, valued at $11,863,358.10. The disclosure for this sale can be found here. Insiders sold a total of 82,500 shares of company stock worth $10,014,500 over the last three months. 2.93% of the stock is owned by insiders.

PFPT has been the subject of a number of research reports. BidaskClub cut Proofpoint from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 4th. Royal Bank of Canada upped their target price on Proofpoint from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. DA Davidson assumed coverage on Proofpoint in a research report on Monday, January 13th. They issued a “buy” rating and a $140.00 target price for the company. Goldman Sachs Group started coverage on Proofpoint in a research note on Tuesday. They set a “neutral” rating and a $111.00 price target on the stock. Finally, Robert W. Baird restated a “buy” rating and set a $145.00 price target on shares of Proofpoint in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $143.40.

Shares of NASDAQ:PFPT traded up $2.46 during mid-day trading on Thursday, hitting $102.27. The company had a trading volume of 611,804 shares, compared to its average volume of 755,652. The firm has a fifty day moving average price of $113.38 and a 200 day moving average price of $119.21. The company has a market capitalization of $5.70 billion, a PE ratio of -43.89 and a beta of 1.61. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.59 and a quick ratio of 1.59. Proofpoint Inc has a one year low of $83.81 and a one year high of $133.58.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Thursday, January 30th. The software maker reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.61. The company had revenue of $243.40 million for the quarter, compared to analysts’ expectations of $239.11 million. Proofpoint had a negative net margin of 14.67% and a negative return on equity of 8.73%. The business’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Research analysts expect that Proofpoint Inc will post -1.08 earnings per share for the current fiscal year.

Proofpoint Company 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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