FireEye Inc (NASDAQ:FEYE) gapped up prior to trading on Monday after BMO Capital Markets raised their price target on the stock from $16.00 to $17.00. The stock had previously closed at $14.84, but opened at $15.44. BMO Capital Markets currently has a market perform rating on the stock. FireEye shares last traded at $15.44, with a volume of 21186699 shares changing hands.

Several other equities research analysts also recently issued reports on the stock. Wedbush reiterated a “neutral” rating and issued a $15.00 target price (up from $14.00) on shares of FireEye in a research note on Thursday, November 2nd. Evercore ISI restated a “buy” rating and set a $20.00 price objective on shares of FireEye in a research report on Thursday, November 2nd. Zacks Investment Research downgraded shares of FireEye from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Northland Securities set a $22.00 price objective on shares of FireEye and gave the stock a “buy” rating in a research report on Thursday, October 12th. Finally, Cowen restated a “hold” rating and set a $16.00 price objective on shares of FireEye in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $18.09.

In related news, Director Ronald E. F. Codd sold 6,767 shares of FireEye stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $13.57, for a total value of $91,828.19. Following the transaction, the director now directly owns 7,099 shares of the company’s stock, valued at $96,333.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of FireEye by 7.9% during the second quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock worth $191,317,000 after buying an additional 917,967 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of FireEye by 9.5% during the third quarter. Neuberger Berman Group LLC now owns 2,726,371 shares of the information security company’s stock worth $45,721,000 after buying an additional 237,575 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of FireEye by 6.4% during the third quarter. Fisher Asset Management LLC now owns 2,187,245 shares of the information security company’s stock worth $36,680,000 after buying an additional 130,634 shares during the last quarter. State Street Corp grew its stake in shares of FireEye by 1.5% during the second quarter. State Street Corp now owns 2,050,241 shares of the information security company’s stock worth $31,188,000 after buying an additional 30,285 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of FireEye by 30.8% during the second quarter. Northern Trust Corp now owns 937,251 shares of the information security company’s stock worth $14,256,000 after buying an additional 220,537 shares during the last quarter. 67.92% of the stock is currently owned by hedge funds and other institutional investors.

The company has a market capitalization of $2,930.00, a P/E ratio of -9.28 and a beta of 0.57. 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 (NASDAQ:FEYE) last issued its quarterly earnings data on Thursday, February 8th. The information security company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. FireEye had a negative net margin of 40.43% and a negative return on equity of 24.59%. The company had revenue of $202.30 million for the quarter, compared to analysts’ expectations of $193.74 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. FireEye’s revenue for the quarter was up 9.5% on a year-over-year basis. analysts expect that FireEye Inc will post -0.86 EPS for the current year.

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About FireEye

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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