Proofpoint (NASDAQ:PFPT) had its price objective increased by investment analysts at Mizuho from $115.00 to $130.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The firm presently has a “neutral” rating on the software maker’s stock. Mizuho’s price target points to a potential downside of 4.06% from the stock’s current price.
Several other equities research analysts also recently weighed in on PFPT. BTIG Research boosted their target price on shares of Proofpoint from $151.00 to $157.00 and gave the stock a “buy” rating in a research report on Thursday, December 31st. DA Davidson dropped their target price on shares of Proofpoint from $155.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, October 26th. Summit Insights downgraded shares of Proofpoint from a “buy” rating to a “hold” rating and dropped their target price for the stock from $140.00 to $100.00 in a research report on Monday, November 2nd. TheStreet raised shares of Proofpoint from a “d+” rating to a “c-” rating in a research report on Monday, December 28th. Finally, BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a research report on Tuesday, December 15th. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $135.33.
Shares of PFPT stock opened at $135.50 on Tuesday. Proofpoint has a 12 month low of $83.81 and a 12 month high of $140.81. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market capitalization of $7.82 billion, a P/E ratio of -45.32 and a beta of 1.28. The company’s fifty day moving average price is $123.59 and its two-hundred day moving average price is $112.04.
In other Proofpoint news, CFO Paul R. Auvil III sold 25,000 shares of the company’s stock in a transaction dated Tuesday, December 22nd. The shares were sold at an average price of $135.17, for a total value of $3,379,250.00. Following the completion of the transaction, the chief financial officer now owns 103,149 shares in the company, valued at approximately $13,942,650.33. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ashan Willy sold 1,635 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $106.33, for a total transaction of $173,849.55. Following the completion of the sale, the executive vice president now directly owns 211 shares of the company’s stock, valued at $22,435.63. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,115 shares of company stock valued at $7,291,639. 2.93% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Wasatch Advisors Inc. lifted its stake in shares of Proofpoint by 0.8% in the 3rd quarter. Wasatch Advisors Inc. now owns 1,859,409 shares of the software maker’s stock worth $196,260,000 after acquiring an additional 13,880 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Proofpoint by 38.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,473,114 shares of the software maker’s stock worth $163,692,000 after acquiring an additional 412,619 shares during the period. FMR LLC lifted its stake in shares of Proofpoint by 37.9% in the 2nd quarter. FMR LLC now owns 1,149,787 shares of the software maker’s stock worth $127,764,000 after acquiring an additional 315,951 shares during the period. Champlain Investment Partners LLC lifted its stake in shares of Proofpoint by 35.1% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,047,620 shares of the software maker’s stock worth $110,576,000 after acquiring an additional 272,275 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Proofpoint by 45.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 894,373 shares of the software maker’s stock worth $94,401,000 after acquiring an additional 281,221 shares during the period. 93.32% of the stock is owned by institutional investors.
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 Â’drive-by' downloads, malicious web links, hybrid threats, malware free attacks, and other penetration tactics.
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