Truvestments Capital LLC acquired a new stake in FireEye Inc (NASDAQ:FEYE) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,371 shares of the information security company’s stock, valued at approximately $267,000.
Several other institutional investors have also bought and sold shares of the company. Global X Management Co LLC purchased a new stake in shares of FireEye during the second quarter worth approximately $131,000. Private Wealth Partners LLC purchased a new stake in shares of FireEye during the second quarter worth approximately $685,000. Verition Fund Management LLC purchased a new stake in shares of FireEye during the second quarter worth approximately $583,000. Millennium Management LLC increased its position in shares of FireEye by 125.8% during the second quarter. Millennium Management LLC now owns 1,509,436 shares of the information security company’s stock worth $23,230,000 after purchasing an additional 841,080 shares in the last quarter. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of FireEye during the second quarter worth approximately $4,252,000. Institutional investors and hedge funds own 69.92% of the company’s stock.
In other FireEye news, EVP William T. Robbins sold 6,400 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $14.46, for a total transaction of $92,544.00. Following the sale, the executive vice president now owns 359,444 shares in the company, valued at approximately $5,197,560.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Frank Verdecanna sold 11,219 shares of the stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $14.46, for a total value of $162,226.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,820 shares of company stock worth $301,057. 2.40% of the stock is owned by company insiders.
FEYE has been the subject of several analyst reports. Zacks Investment Research upgraded FireEye from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Wednesday, August 8th. Evercore ISI restated a “buy” rating and issued a $22.00 target price on shares of FireEye in a report on Thursday, August 23rd. Goldman Sachs Group set a $22.00 target price on FireEye and gave the company a “buy” rating in a report on Thursday, October 4th. BidaskClub upgraded FireEye from a “hold” rating to a “buy” rating in a report on Friday. Finally, ValuEngine upgraded FireEye from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $19.59.
FEYE traded up $0.50 during mid-day trading on Friday, hitting $16.68. 4,704,378 shares of the stock were exchanged, compared to its average volume of 3,865,708. FireEye Inc has a 1-year low of $13.40 and a 1-year high of $19.36. The company has a current ratio of 2.03, a quick ratio of 2.02 and a debt-to-equity ratio of 1.42. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of -15.30 and a beta of 0.38.
FireEye (NASDAQ:FEYE) last posted its earnings results on Wednesday, August 1st. The information security company reported ($0.21) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.01. FireEye had a negative return on equity of 25.26% and a negative net margin of 37.13%. The firm had revenue of $203.00 million for the quarter, compared to analyst estimates of $201.54 million. During the same quarter in the prior year, the company earned ($0.04) EPS. FireEye’s revenue was up 5.9% on a year-over-year basis. On average, research analysts forecast that FireEye Inc will post -0.79 earnings per share for the current year.
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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