Berman Capital Advisors LLC increased its stake in FireEye Inc (NASDAQ:FEYE) by 113.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,213 shares of the information security company’s stock after purchasing an additional 9,700 shares during the period. Berman Capital Advisors LLC’s holdings in FireEye were worth $305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FEYE. Two Sigma Investments LP acquired a new stake in FireEye in the 4th quarter worth approximately $54,563,000. Norges Bank acquired a new stake in FireEye in the 4th quarter worth approximately $40,018,000. Two Sigma Advisers LP acquired a new stake in FireEye in the 4th quarter worth approximately $22,171,000. Jennison Associates LLC acquired a new stake in FireEye in the 4th quarter worth approximately $14,470,000. Finally, Castleark Management LLC acquired a new stake in FireEye in the 4th quarter worth approximately $7,536,000. Institutional investors own 73.00% of the company’s stock.

NASDAQ:FEYE opened at $14.56 on Thursday. The company has a quick ratio of 1.99, a current ratio of 2.00 and a debt-to-equity ratio of 1.69. The company has a market cap of $2.96 billion, a PE ratio of -20.22 and a beta of 0.91. FireEye Inc has a 1-year low of $14.20 and a 1-year high of $20.61.

FireEye (NASDAQ:FEYE) last posted its earnings results on Tuesday, April 30th. The information security company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). The firm had revenue of $210.54 million for the quarter, compared to analysts’ expectations of $210.22 million. FireEye had a negative net margin of 29.28% and a negative return on equity of 20.85%. FireEye’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) earnings per share. Analysts expect that FireEye Inc will post -0.54 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised shares of FireEye from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a research report on Monday, March 11th. Zacks Investment Research lowered shares of FireEye from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. Robert W. Baird reissued a “buy” rating and set a $23.00 price target on shares of FireEye in a research report on Monday, April 29th. BidaskClub lowered shares of FireEye from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Finally, Mizuho assumed coverage on shares of FireEye in a research report on Tuesday, March 26th. They set a “neutral” rating and a $18.00 price target for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. FireEye currently has a consensus rating of “Hold” and a consensus target price of $19.45.

In other news, EVP Alexa King sold 3,156 shares of FireEye stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $15.37, for a total transaction of $48,507.72. Following the completion of the transaction, the executive vice president now directly owns 505,060 shares of the company’s stock, valued at approximately $7,762,772.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.40% of the stock is owned by insiders.

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About FireEye

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.

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Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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