Granite Investment Partners LLC Has $1.22 Million Position in FireEye, Inc. (NASDAQ:FEYE)
Granite Investment Partners LLC reduced its position in shares of FireEye, Inc. (NASDAQ:FEYE) by 23.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,248 shares of the information security company’s stock after selling 23,945 shares during the period. Granite Investment Partners LLC’s holdings in FireEye were worth $1,221,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Teachers Advisors LLC increased its position in shares of FireEye by 20.1% in the fourth quarter. Teachers Advisors LLC now owns 191,932 shares of the information security company’s stock worth $2,284,000 after buying an additional 32,147 shares during the last quarter. Segantii Capital Management Ltd acquired a new position in shares of FireEye during the first quarter worth approximately $251,000. Paloma Partners Management Co acquired a new position in shares of FireEye during the first quarter worth approximately $1,202,000. AlphaOne Investment Services LLC acquired a new position in shares of FireEye during the first quarter worth approximately $4,338,000. Finally, Baird Financial Group Inc. acquired a new position in shares of FireEye during the first quarter worth approximately $661,000. 67.16% of the stock is owned by hedge funds and other institutional investors.
Shares of FireEye, Inc. (FEYE) opened at 14.01 on Friday. The firm’s market capitalization is $2.55 billion. FireEye, Inc. has a 1-year low of $10.35 and a 1-year high of $16.40. The stock’s 50 day moving average is $15.19 and its 200 day moving average is $13.52.
FireEye (NASDAQ:FEYE) last posted its earnings results on Tuesday, August 1st. The information security company reported ($0.26) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.13. The firm had revenue of $185.50 million for the quarter, compared to the consensus estimate of $176.39 million. FireEye had a negative net margin of 46.37% and a negative return on equity of 26.21%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted ($0.33) EPS. Equities analysts predict that FireEye, Inc. will post ($0.21) earnings per share for the current year.
A number of research analysts recently commented on FEYE shares. UBS AG set a $16.00 price target on shares of FireEye and gave the company a “hold” rating in a report on Friday, July 7th. Vetr raised shares of FireEye from a “buy” rating to a “strong-buy” rating and set a $16.36 price objective for the company in a research note on Monday, May 15th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $17.00 price objective (up previously from $15.00) on shares of FireEye in a research note on Wednesday, May 3rd. Barclays PLC reissued an “equal weight” rating and issued a $14.00 price objective (up previously from $10.00) on shares of FireEye in a research note on Wednesday, May 3rd. Finally, BidaskClub downgraded shares of FireEye from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. FireEye presently has a consensus rating of “Hold” and an average target price of $15.97.
In related news, EVP Alexa King sold 69,884 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $14.46, for a total value of $1,010,522.64. Following the transaction, the executive vice president now directly 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 at this link. Company insiders own 2.40% of the company’s stock.
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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