Marshall Wace LLP Buys New Position in Proofpoint Inc (PFPT)
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.
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, 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.
Featured Article: How is the S&P 500 index different from the DJIA?
Want to see what other hedge funds are holding PFPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Proofpoint Inc (NASDAQ:PFPT).
Receive News & Ratings for Proofpoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint and related companies with MarketBeat.com's FREE daily email newsletter.