West Family Investments Inc. maintained its stake in FireEye, Inc. (NASDAQ:FEYE) during the fourth quarter, Holdings Channel reports. The fund owned 119,800 shares of the information security company’s stock at the end of the fourth quarter. West Family Investments Inc. owned about 0.07% of FireEye worth $1,426,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the company. J. Goldman & Co LP purchased a new stake in FireEye during the fourth quarter valued at approximately $409,000. Oxford Asset Management purchased a new stake in FireEye during the fourth quarter valued at approximately $2,077,000. FNY Partners Fund LP purchased a new stake in FireEye during the fourth quarter valued at approximately $957,000. State Street Corp boosted its stake in FireEye by 2.0% in the fourth quarter. State Street Corp now owns 1,941,497 shares of the information security company’s stock valued at $23,103,000 after buying an additional 38,655 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in FireEye by 0.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 215,298 shares of the information security company’s stock valued at $2,562,000 after buying an additional 954 shares during the last quarter. 59.20% of the stock is owned by hedge funds and other institutional investors.
Shares of FireEye, Inc. (NASDAQ:FEYE) traded up 1.11% during mid-day trading on Tuesday, hitting $11.89. 5,495,233 shares of the stock were exchanged. The firm’s market cap is $1.99 billion. FireEye, Inc. has a 1-year low of $10.60 and a 1-year high of $19.63. The company’s 50-day moving average is $12.44 and its 200-day moving average is $13.51.
FireEye (NASDAQ:FEYE) last issued its earnings results on Thursday, February 2nd. The information security company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.13. The business had revenue of $184.70 million for the quarter, compared to the consensus estimate of $190.96 million. FireEye had a negative net margin of 67.23% and a negative return on equity of 37.85%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.36) earnings per share. Equities research analysts anticipate that FireEye, Inc. will post ($0.48) earnings per share for the current fiscal year.
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Several research firms have commented on FEYE. Zacks Investment Research raised shares of FireEye from a “sell” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Wednesday, February 8th. Wunderlich reaffirmed a “hold” rating and issued a $12.00 target price (down from $16.00) on shares of FireEye in a research note on Monday, February 6th. Imperial Capital lowered their target price on shares of FireEye from $15.00 to $12.00 and set an “in-line” rating for the company in a research note on Monday, February 6th. Wedbush lowered their price objective on shares of FireEye from $14.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, February 6th. Finally, FBN Securities cut shares of FireEye from an “outperform” rating to a “sector perform” rating and set a $11.00 price objective for the company. in a research note on Friday, February 3rd. One research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $15.73.
In other FireEye news, insider David G. Dewalt sold 151,644 shares of the company’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $11.64, for a total value of $1,765,136.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Kevin R. Mandia sold 112,581 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $12.29, for a total transaction of $1,383,620.49. Following the completion of the transaction, the chief executive officer now owns 2,604,446 shares in the company, valued at $32,008,641.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 319,011 shares of company stock worth $3,786,466. Corporate insiders own 9.60% of the company’s stock.
FireEye, Inc provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The Company’s cybersecurity solutions combine its purpose-built virtual-machine technology, threat intelligence and security in a suite of products and services. The Company’s cybersecurity platform includes a family of software-based appliances, endpoint agents, cloud-based subscription services, support and maintenance and other services.
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