First Trust Advisors LP decreased its position in Proofpoint Inc (NASDAQ:PFPT) by 35.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 349,605 shares of the software maker’s stock after selling 189,540 shares during the quarter. First Trust Advisors LP owned 0.62% of Proofpoint worth $45,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. River & Mercantile Asset Management LLP bought a new position in shares of Proofpoint during the 2nd quarter valued at approximately $4,051,000. LPL Financial LLC grew its position in Proofpoint by 74.4% in the 2nd quarter. LPL Financial LLC now owns 17,961 shares of the software maker’s stock valued at $2,160,000 after acquiring an additional 7,665 shares during the last quarter. Coastal Capital Group Inc. bought a new position in Proofpoint in the 2nd quarter valued at $105,000. AlphaOne Investment Services LLC bought a new position in Proofpoint in the 2nd quarter valued at $72,000. Finally, Royal Bank of Canada grew its position in Proofpoint by 29.1% in the 2nd quarter. Royal Bank of Canada now owns 38,816 shares of the software maker’s stock valued at $4,668,000 after acquiring an additional 8,745 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of PFPT stock traded up $1.08 during mid-day trading on Tuesday, hitting $117.41. The stock had a trading volume of 11,465 shares, compared to its average volume of 772,836. Proofpoint Inc has a 12-month low of $78.69 and a 12-month high of $133.58. The firm has a market capitalization of $6.52 billion, a P/E ratio of -102.07 and a beta of 1.60. The firm’s 50-day moving average is $122.58 and its two-hundred day moving average is $120.22. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.93 and a quick ratio of 1.93.

Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, October 24th. The software maker reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.10. Proofpoint had a negative return on equity of 10.85% and a negative net margin of 14.56%. The business had revenue of $227.40 million during the quarter, compared to analysts’ expectations of $224.32 million. During the same period in the prior year, the business earned $0.40 EPS. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. Analysts expect that Proofpoint Inc will post -0.62 EPS for the current year.

Several brokerages have commented on PFPT. Mizuho upped their price objective on Proofpoint from $120.00 to $128.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. SunTrust Banks began coverage on Proofpoint in a research report on Wednesday, October 2nd. They issued a “hold” rating and a $135.00 price objective on the stock. Evercore ISI reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Proofpoint in a research report on Wednesday, October 23rd. Wells Fargo & Co cut their price objective on Proofpoint from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, October 28th. Finally, Stifel Nicolaus upped their price objective on Proofpoint from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Proofpoint has an average rating of “Buy” and a consensus price target of $141.39.

In related news, EVP Bhagwat Swaroop sold 1,200 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $125.06, for a total transaction of $150,072.00. Following the completion of the sale, the executive vice president now directly owns 726 shares in the company, valued at approximately $90,793.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael M. Johnson sold 1,844 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $117.56, for a total value of $216,780.64. Following the sale, the director now owns 1,844 shares of the company’s stock, valued at $216,780.64. The disclosure for this sale can be found here. Insiders sold a total of 48,057 shares of company stock valued at $6,117,374 over the last quarter. Company insiders own 2.93% of the company’s stock.

Proofpoint Company Profile

Proofpoint, Inc operates as a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ‘drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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