FireEye, Inc. (NASDAQ:FEYE) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday. They currently have a $17.31 price objective on the information security company’s stock. Vetr‘s target price points to a potential upside of 11.03% from the stock’s previous close.

Several other equities analysts also recently issued reports on FEYE. Bank of America Corporation upgraded shares of FireEye from a “neutral” rating to a “buy” rating and upped their price objective for the company from $13.50 to $18.00 in a report on Monday, March 20th. Goldman Sachs Group, Inc. (The) upgraded shares of FireEye from a “sell” rating to a “buy” rating and upped their price objective for the company from $10.00 to $15.00 in a report on Thursday, March 23rd. Zacks Investment Research downgraded shares of FireEye from a “buy” rating to a “hold” rating in a report on Monday, April 10th. Evercore ISI reiterated a “buy” rating and issued a $16.00 price target (up previously from $14.00) on shares of FireEye in a report on Wednesday, May 3rd. Finally, BMO Capital Markets increased their price target on shares of FireEye from $11.00 to $15.00 and gave the stock a “market perform” rating in a report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.52.

Analyst Recommendations for FireEye (NASDAQ:FEYE)

Shares of FireEye (NASDAQ FEYE) traded up 3.86% during mid-day trading on Thursday, hitting $15.59. 6,363,672 shares of the stock were exchanged. The firm’s market cap is $2.78 billion. FireEye has a 52-week low of $10.35 and a 52-week high of $18.42. The stock has a 50-day moving average price of $14.98 and a 200 day moving average price of $12.91. FireEye also was the recipient of some unusual options trading activity on Wednesday. Traders purchased 2,027 call options on the stock. This represents an increase of approximately 190% compared to the typical daily volume of 700 call options.

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A number of hedge funds and other institutional investors have recently made changes to their positions in FEYE. Shapiro Capital Management LLC raised its position in shares of FireEye by 17.9% in the first quarter. Shapiro Capital Management LLC now owns 18,840,343 shares of the information security company’s stock worth $237,577,000 after buying an additional 2,859,910 shares during the last quarter. Vanguard Group Inc. raised its position in shares of FireEye by 2.3% in the first quarter. Vanguard Group Inc. now owns 11,660,394 shares of the information security company’s stock worth $147,038,000 after buying an additional 257,120 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of FireEye by 16.4% in the first quarter. Penserra Capital Management LLC now owns 3,236,242 shares of the information security company’s stock worth $40,809,000 after buying an additional 456,661 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of FireEye by 66.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,532,435 shares of the information security company’s stock worth $31,934,000 after buying an additional 1,014,120 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of FireEye by 32.8% in the first quarter. Neuberger Berman Group LLC now owns 2,259,551 shares of the information security company’s stock worth $28,493,000 after buying an additional 557,832 shares during the last quarter. Institutional investors own 67.27% of the company’s stock.

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).

To view Vetr’s full report, visit Vetr’s official website.

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