Oppenheimer & Co. Inc. increased its position in shares of FireEye, Inc. (NASDAQ:FEYE) by 124.7% during the first quarter, Holdings Channel reports. The institutional investor owned 215,164 shares of the information security company’s stock after buying an additional 119,390 shares during the period. Oppenheimer & Co. Inc.’s holdings in FireEye were worth $2,714,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC acquired a new stake in FireEye during the fourth quarter worth $131,000. Norges Bank acquired a new stake in FireEye during the fourth quarter worth $16,275,000. Barings LLC acquired a new stake in FireEye during the fourth quarter worth $859,000. Seven Eight Capital LP acquired a new stake in FireEye during the fourth quarter worth $286,000. Finally, GLG LLC boosted its stake in FireEye by 6.8% in the fourth quarter. GLG LLC now owns 73,716 shares of the information security company’s stock worth $877,000 after buying an additional 4,686 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.
Shares of FireEye, Inc. (NASDAQ FEYE) traded up 0.93% during trading on Friday, reaching $15.13. 4,864,472 shares of the company traded hands. The firm’s market capitalization is $2.70 billion. FireEye, Inc. has a 12-month low of $10.35 and a 12-month high of $18.42. The company has a 50 day moving average price of $14.75 and a 200 day moving average price of $12.85.
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A number of analysts recently weighed in on FEYE shares. Evercore ISI reissued a “buy” rating and issued a $16.00 target price (up previously from $14.00) on shares of FireEye in a research note on Wednesday, May 3rd. Vetr cut shares of FireEye from a “strong-buy” rating to a “buy” rating and set a $14.28 target price on the stock. in a research note on Wednesday, March 29th. Goldman Sachs Group, Inc. (The) raised shares of FireEye from a “sell” rating to a “buy” rating and upped their target price for the company from $10.00 to $15.00 in a research note on Thursday, March 23rd. Bank of America Corporation raised shares of FireEye from a “neutral” rating to a “buy” rating and upped their target price for the company from $13.50 to $18.00 in a research note on Monday, March 20th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $20.00 target price (up previously from $17.00) on shares of FireEye in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $15.52.
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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