Dimensional Fund Advisors LP Increases Position in FireEye, Inc. (FEYE)
Dimensional Fund Advisors LP boosted its stake in FireEye, Inc. (NASDAQ:FEYE) by 0.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 216,202 shares of the information security company’s stock after buying an additional 682 shares during the period. Dimensional Fund Advisors LP owned approximately 0.12% of FireEye worth $3,289,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in FEYE. Oppenheimer & Co. Inc. grew its position in shares of FireEye by 13.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 243,614 shares of the information security company’s stock worth $3,705,000 after purchasing an additional 28,450 shares in the last quarter. Unterberg Capital LLC acquired a new position in shares of FireEye during the 2nd quarter worth approximately $4,031,000. Canada Pension Plan Investment Board grew its position in shares of FireEye by 31.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 68,700 shares of the information security company’s stock worth $1,045,000 after purchasing an additional 16,600 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of FireEye by 1.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 563,845 shares of the information security company’s stock worth $8,577,000 after purchasing an additional 7,877 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of FireEye during the 2nd quarter worth approximately $290,000. Institutional investors and hedge funds own 66.93% of the company’s stock.
A number of analysts have recently weighed in on the stock. Evercore ISI set a $20.00 price target on shares of FireEye and gave the stock a “buy” rating in a report on Tuesday, August 1st. BTIG Research reaffirmed a “buy” rating and set a $18.00 price target (up previously from $17.00) on shares of FireEye in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of FireEye from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Monday, August 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price target on shares of FireEye in a report on Wednesday, August 2nd. Finally, Goldman Sachs Group Inc reaffirmed a “buy” rating and set a $19.00 price target on shares of FireEye in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $17.22.
In other news, EVP Alexa King sold 25,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $18.00, for a total transaction of $450,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald E. F. Codd sold 6,767 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $13.57, for a total transaction of $91,828.19. Following the transaction, the director now directly owns 7,099 shares of the company’s stock, valued at approximately $96,333.43. The disclosure for this sale can be found here. Insiders have sold 131,767 shares of company stock valued at $2,291,828 in the last ninety days. Insiders own 2.40% of the company’s stock.
FireEye, Inc. (NASDAQ FEYE) opened at $14.21 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98. FireEye, Inc. has a 52 week low of $10.35 and a 52 week high of $18.00.
FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Wednesday, November 1st. The information security company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. The firm had revenue of $189.60 million during the quarter, compared to the consensus estimate of $186.41 million. FireEye had a negative net margin of 39.29% and a negative return on equity of 23.71%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.18) earnings per share. equities research analysts forecast that FireEye, Inc. will post -1.07 EPS for the current fiscal year.
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FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).
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