Chartwell Investment Partners LLC lifted its stake in shares of Proofpoint, Inc. (NASDAQ:PFPT) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,021 shares of the software maker’s stock after purchasing an additional 1,710 shares during the period. Chartwell Investment Partners LLC owned 0.10% of Proofpoint worth $3,752,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Comerica Bank boosted its holdings in shares of Proofpoint by 0.4% during the 2nd quarter. Comerica Bank now owns 13,207 shares of the software maker’s stock worth $1,210,000 after purchasing an additional 51 shares during the last quarter. Creative Planning boosted its holdings in shares of Proofpoint by 7.4% during the 2nd quarter. Creative Planning now owns 2,232 shares of the software maker’s stock worth $194,000 after purchasing an additional 154 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Proofpoint by 5.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the software maker’s stock worth $339,000 after purchasing an additional 200 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Proofpoint by 3.8% during the 2nd quarter. Principal Financial Group Inc. now owns 5,976 shares of the software maker’s stock worth $519,000 after purchasing an additional 216 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Proofpoint by 1.0% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 22,631 shares of the software maker’s stock worth $1,965,000 after purchasing an additional 222 shares during the last quarter.

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In other Proofpoint news, Chairman Eric Hahn sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $90.53, for a total value of $452,650.00. Following the sale, the chairman now owns 53,701 shares of the company’s stock, valued at $4,861,551.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Tracey Newell sold 8,183 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $89.96, for a total value of $736,142.68. Following the completion of the sale, the executive vice president now directly owns 24,429 shares in the company, valued at approximately $2,197,632.84. The disclosure for this sale can be found here. In the last three months, insiders sold 168,549 shares of company stock worth $15,277,790. 5.96% of the stock is owned by corporate insiders.

Several research analysts have recently weighed in on PFPT shares. Northland Securities restated a “buy” rating and set a $100.00 target price on shares of Proofpoint in a report on Thursday, September 7th. Evercore ISI set a $105.00 target price on Proofpoint and gave the stock a “buy” rating in a report on Friday, October 20th. Piper Jaffray Companies set a $105.00 target price on Proofpoint and gave the stock a “buy” rating in a report on Friday, October 20th. Robert W. Baird restated a “hold” rating and set a $95.00 target price on shares of Proofpoint in a report on Friday, September 8th. Finally, UBS AG started coverage on Proofpoint in a report on Tuesday, October 31st. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Proofpoint has a consensus rating of “Buy” and a consensus target price of $101.70.

Proofpoint, Inc. (PFPT) opened at $91.45 on Friday. Proofpoint, Inc. has a twelve month low of $69.19 and a twelve month high of $97.92. 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 (NASDAQ:PFPT) last announced its earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. The company had revenue of $134.30 million for the quarter, compared to analyst estimates of $131.48 million. Proofpoint had a negative return on equity of 158.19% and a negative net margin of 20.19%. The firm’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 earnings per share. research analysts anticipate that Proofpoint, Inc. will post -0.88 EPS for the current year.

About Proofpoint

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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