Axa reduced its stake in Proofpoint Inc (NASDAQ:PFPT) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,693 shares of the software maker’s stock after selling 6,764 shares during the period. Axa owned approximately 0.54% of Proofpoint worth $20,993,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Proofpoint by 9.7% in the second quarter. BlackRock Inc. now owns 3,503,427 shares of the software maker’s stock worth $304,204,000 after acquiring an additional 309,998 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Proofpoint by 2.3% in the second quarter. Vanguard Group Inc. now owns 3,392,578 shares of the software maker’s stock worth $294,577,000 after acquiring an additional 77,721 shares during the period. Artisan Partners Limited Partnership boosted its holdings in shares of Proofpoint by 8.1% in the third quarter. Artisan Partners Limited Partnership now owns 3,012,092 shares of the software maker’s stock worth $262,715,000 after acquiring an additional 225,970 shares during the period. FMR LLC boosted its holdings in shares of Proofpoint by 10.9% in the second quarter. FMR LLC now owns 961,745 shares of the software maker’s stock worth $83,508,000 after acquiring an additional 94,545 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in shares of Proofpoint by 13.0% in the second quarter. Macquarie Group Ltd. now owns 942,966 shares of the software maker’s stock worth $81,878,000 after acquiring an additional 108,772 shares during the period.

PFPT has been the subject of several research analyst reports. BidaskClub raised Proofpoint from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Royal Bank of Canada reissued a “buy” rating and set a $103.00 price objective on shares of Proofpoint in a research note on Thursday, August 31st. ValuEngine raised Proofpoint from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Evercore ISI reissued a “buy” rating and set a $105.00 price objective on shares of Proofpoint in a research note on Wednesday, September 6th. Finally, Northland Securities reissued a “buy” rating and set a $100.00 price objective on shares of Proofpoint in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Proofpoint has a consensus rating of “Buy” and a consensus target price of $102.09.

Shares of Proofpoint Inc (PFPT) opened at $91.79 on Tuesday. The company has a debt-to-equity ratio of 11.57, a current ratio of 1.51 and a quick ratio of 1.51. Proofpoint Inc has a 52 week low of $69.23 and a 52 week high of $97.92.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.07. Proofpoint had a negative return on equity of 158.19% and a negative net margin of 20.19%. The firm had revenue of $134.30 million during the quarter, compared to analyst estimates of $131.48 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue was up 34.6% compared to the same quarter last year. equities research analysts anticipate that Proofpoint Inc will post -0.88 earnings per share for the current fiscal year.

In other news, Chairman Eric Hahn sold 5,000 shares of Proofpoint stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $89.21, for a total value of $446,050.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP David Knight sold 3,000 shares of Proofpoint stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $88.99, for a total value of $266,970.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 160,366 shares of company stock valued at $14,394,805. Corporate insiders own 5.96% of the company’s stock.

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Proofpoint Company Profile

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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