FireEye, Inc. (FEYE) Position Boosted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its stake in shares of FireEye, Inc. (NASDAQ:FEYE) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,520 shares of the information security company’s stock after buying an additional 9,634 shares during the period. Dimensional Fund Advisors LP owned about 0.12% of FireEye worth $2,718,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in FEYE. Private Advisor Group LLC raised its stake in shares of FireEye by 1.2% in the first quarter. Private Advisor Group LLC now owns 18,128 shares of the information security company’s stock valued at $222,000 after buying an additional 220 shares in the last quarter. WFG Advisors LP raised its stake in shares of FireEye by 2.3% in the first quarter. WFG Advisors LP now owns 30,065 shares of the information security company’s stock valued at $379,000 after buying an additional 671 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of FireEye by 6.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 15,930 shares of the information security company’s stock valued at $201,000 after buying an additional 959 shares in the last quarter. Bank of Montreal Can raised its stake in shares of FireEye by 37.4% in the first quarter. Bank of Montreal Can now owns 7,887 shares of the information security company’s stock valued at $100,000 after buying an additional 2,147 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of FireEye by 12.6% in the first quarter. IFP Advisors Inc now owns 24,338 shares of the information security company’s stock valued at $307,000 after buying an additional 2,725 shares in the last quarter. 67.65% of the stock is currently owned by institutional investors and hedge funds.
FireEye, Inc. (FEYE) traded up 1.49% during trading on Friday, reaching $14.99. The company’s stock had a trading volume of 1,535,866 shares. The company’s 50 day moving average price is $14.78 and its 200-day moving average price is $13.73. The stock’s market cap is $2.73 billion. FireEye, Inc. has a 1-year low of $10.35 and a 1-year high of $16.40. FireEye also saw unusually large options trading on Tuesday. Traders bought 6,778 put options on the company. This is an increase of approximately 158% compared to the average daily volume of 2,627 put options.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Tuesday, August 1st. The information security company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.13. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The company had revenue of $185.50 million during the quarter, compared to analysts’ expectations of $176.39 million. During the same quarter in the previous year, the firm earned ($0.33) EPS. FireEye’s revenue was up 6.0% on a year-over-year basis. Equities analysts forecast that FireEye, Inc. will post ($0.21) earnings per share for the current fiscal year.
Several brokerages recently commented on FEYE. Vetr raised FireEye from a “buy” rating to a “strong-buy” rating and set a $17.31 price target on the stock in a research note on Tuesday, July 4th. Stifel Nicolaus reaffirmed a “buy” rating on shares of FireEye in a research note on Wednesday, July 19th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $23.00 price target on shares of FireEye in a research note on Wednesday, August 2nd. BMO Capital Markets boosted their price target on FireEye from $15.00 to $17.00 and gave the company a “market perform” rating in a research note on Wednesday, August 2nd. Finally, Evercore ISI set a $20.00 price target on FireEye and gave the company a “buy” rating in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. FireEye presently has an average rating of “Hold” and a consensus price target of $16.05.
In other news, EVP Alexa King sold 69,884 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the completion of the transaction, the executive vice president now owns 428,733 shares of the company’s stock, valued at approximately $6,199,479.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by insiders.
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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