Zurcher Kantonalbank Zurich Cantonalbank Purchases 58,181 Shares of FireEye, Inc. (FEYE)
Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of FireEye, Inc. (NASDAQ:FEYE) by 68.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 143,545 shares of the information security company’s stock after acquiring an additional 58,181 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.08% of FireEye worth $2,407,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. ETF Managers Group LLC bought a new stake in shares of FireEye during the 2nd quarter worth about $43,372,000. Balyasny Asset Management LLC boosted its position in FireEye by 213.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company’s stock valued at $44,144,000 after buying an additional 1,975,924 shares during the last quarter. Pinnacle Associates Ltd. boosted its position in FireEye by 81.7% in the 2nd quarter. Pinnacle Associates Ltd. now owns 3,444,096 shares of the information security company’s stock valued at $52,385,000 after buying an additional 1,548,425 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of FireEye by 7.9% in the 2nd quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company’s stock worth $191,317,000 after purchasing an additional 917,967 shares during the last quarter. Finally, Nationwide Fund Advisors bought a new position in shares of FireEye in the 2nd quarter worth $8,593,000. Institutional investors own 68.41% of the company’s stock.
FireEye, Inc. (NASDAQ FEYE) opened at $14.14 on Friday. FireEye, Inc. has a one year low of $10.35 and a one year high of $18.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Wednesday, November 1st. The information security company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. The company had revenue of $189.60 million during the quarter, compared to analysts’ expectations of $186.41 million. FireEye had a negative return on equity of 23.71% and a negative net margin of 39.29%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) EPS. research analysts forecast that FireEye, Inc. will post -1.07 EPS for the current year.
In related news, President Travis M. Reese sold 88,445 shares of the business’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $17.50, for a total value of $1,547,787.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alexa King sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $18.00, for a total transaction of $450,000.00. The disclosure for this sale can be found here. Insiders sold a total of 131,767 shares of company stock valued at $2,291,828 over the last quarter. Company insiders own 2.40% of the company’s stock.
Several research firms have recently issued reports on FEYE. BMO Capital Markets restated a “market perform” rating and issued a $17.00 price target (up from $15.00) on shares of FireEye in a research report on Tuesday, August 8th. BTIG Research reiterated a “buy” rating and set a $18.00 target price (up from $17.00) on shares of FireEye in a report on Tuesday, August 8th. Evercore ISI set a $20.00 target price on FireEye and gave the stock a “buy” rating in a report on Friday, August 11th. BidaskClub raised FireEye from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $18.50 price target on shares of FireEye in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $17.22.
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FireEye Company Profile
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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