Marshall Wace LLP bought a new stake in shares of Proofpoint Inc (NASDAQ:PFPT) during the 2nd quarter, Holdings Channel reports. The fund bought 12,770 shares of the software maker’s stock, valued at approximately $1,473,000.

Several other institutional investors and hedge funds have also bought and sold shares of PFPT. Stratos Wealth Partners LTD. increased its stake in shares of Proofpoint by 4,395.0% during the first quarter. Stratos Wealth Partners LTD. now owns 899 shares of the software maker’s stock valued at $102,000 after buying an additional 879 shares during the period. Federated Investors Inc. PA increased its stake in shares of Proofpoint by 181.1% during the second quarter. Federated Investors Inc. PA now owns 1,386 shares of the software maker’s stock valued at $160,000 after buying an additional 893 shares during the period. Cerebellum GP LLC purchased a new position in shares of Proofpoint during the second quarter valued at approximately $163,000. World Asset Management Inc purchased a new position in shares of Proofpoint during the second quarter valued at approximately $205,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Proofpoint during the second quarter valued at approximately $211,000. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP David Knight sold 1,500 shares of the stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $116.45, for a total value of $174,675.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Paul R. Auvil III sold 40,000 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $116.05, for a total value of $4,642,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 337,174 shares of company stock worth $34,358,075. Insiders own 5.96% of the company’s stock.

PFPT has been the topic of several recent research reports. Evercore ISI reaffirmed a “buy” rating and issued a $135.00 price target on shares of Proofpoint in a research note on Wednesday, May 30th. Zacks Investment Research cut Proofpoint from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. BidaskClub cut Proofpoint from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $140.00 price target on shares of Proofpoint in a research note on Friday, July 27th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $136.00 price target on shares of Proofpoint in a research note on Wednesday, July 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $131.30.

NASDAQ PFPT opened at $105.46 on Friday. Proofpoint Inc has a 12 month low of $82.61 and a 12 month high of $130.27. The firm has a market capitalization of $5.32 billion, a PE ratio of -80.50 and a beta of 1.26. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.65 and a current ratio of 0.65.

Proofpoint (NASDAQ:PFPT) last released its earnings results on Thursday, July 26th. The software maker reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. Proofpoint had a negative return on equity of 16.48% and a negative net margin of 12.93%. The firm had revenue of $171.90 million for the quarter, compared to analysts’ expectations of $169.46 million. During the same period in the prior year, the firm posted $0.17 earnings per share. The company’s quarterly revenue was up 40.6% on a year-over-year basis. equities analysts anticipate that Proofpoint Inc will post -1.18 earnings per share for the current year.

Proofpoint Profile

Proofpoint, Inc operates as a security-as-a-service (SaaS) 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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