Bourgeon Capital Management LLC decreased its holdings in FireEye Inc (NASDAQ:FEYE) by 30.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 30,250 shares of the information security company’s stock after selling 12,950 shares during the period. Bourgeon Capital Management LLC’s holdings in FireEye were worth $466,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Asia Hong Kong Ltd raised its holdings in FireEye by 946.5% in the first quarter. Point72 Asia Hong Kong Ltd now owns 7,336 shares of the information security company’s stock valued at $124,000 after buying an additional 6,635 shares during the period. Asset Management One Co. Ltd. grew its position in FireEye by 56.9% in the first quarter. Asset Management One Co. Ltd. now owns 7,800 shares of the information security company’s stock valued at $132,000 after acquiring an additional 2,830 shares in the last quarter. Natixis Advisors L.P. acquired a new stake in FireEye in the first quarter valued at approximately $201,000. Thompson Davis & CO. Inc. acquired a new stake in FireEye in the first quarter valued at approximately $229,000. Finally, Seven Eight Capital LP acquired a new stake in FireEye in the first quarter valued at approximately $236,000. Hedge funds and other institutional investors own 65.26% of the company’s stock.
Get FireEye alerts:Several brokerages have issued reports on FEYE. ValuEngine raised shares of FireEye from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. BidaskClub raised shares of FireEye from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Wedbush reaffirmed a “neutral” rating and issued a $15.00 price objective (down previously from $16.00) on shares of FireEye in a research report on Thursday, May 3rd. BMO Capital Markets increased their price objective on shares of FireEye from $17.00 to $18.00 and gave the company a “market perform” rating in a research report on Thursday, May 3rd. Finally, Citigroup increased their price objective on shares of FireEye from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, May 4th. Thirteen analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $19.54.
Shares of FEYE stock traded up $0.02 during mid-day trading on Thursday, reaching $17.01. 95,323 shares of the company were exchanged, compared to its average volume of 3,086,759. FireEye Inc has a fifty-two week low of $13.40 and a fifty-two week high of $19.36. The company has a current ratio of 1.71, a quick ratio of 1.70 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $3.25 billion, a P/E ratio of -15.64 and a beta of 0.36.
FireEye (NASDAQ:FEYE) last released its quarterly earnings results on Wednesday, May 2nd. The information security company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). FireEye had a negative net margin of 37.68% and a negative return on equity of 25.25%. The business had revenue of $199.07 million during the quarter, compared to the consensus estimate of $193.91 million. During the same quarter last year, the company earned ($0.05) earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. research analysts predict that FireEye Inc will post -0.81 EPS for the current year.
In other FireEye news, EVP Alexa King sold 3,190 shares of FireEye stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $17.35, for a total value of $55,346.50. Following the completion of the transaction, the executive vice president now owns 450,725 shares of the company’s stock, valued at $7,820,078.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kevin R. Mandia sold 15,701 shares of FireEye stock in a transaction on Monday, June 18th. The stock was sold at an average price of $16.95, for a total transaction of $266,131.95. Following the completion of the transaction, the chief executive officer now directly owns 3,103,942 shares of the company’s stock, valued at approximately $52,611,816.90. The disclosure for this sale can be found here. Insiders have sold 19,824 shares of company stock valued at $337,666 in the last three months. Corporate insiders own 2.40% of the company’s stock.
FireEye Profile
FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.
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