The Oak Ridge Investments LLC Cuts Position in Proofpoint, Inc. (PFPT)

Cornelia Mascio
Aprile 17, 2017

Needham & Company LLC reaffirmed a "buy" rating and set a $88.00 target price on shares of Proofpoint in a research report on Wednesday, December 21st. In the last quarter, insiders have sold 125,773 shares of company stock valued at $9,840,926. It fall, as 39 investors sold CME Group Inc shares while 231 reduced holdings. GW&K Investment Management LLC bought a new stake in Proofpoint during the third quarter valued at about $12,896,000. TD Asset Management Inc. now owns 110,100 shares of the company's stock valued at $8,241,000 after buying an additional 3,900 shares during the last quarter. Gilder Gagnon Howe Ltd Llc holds 0.13% of its portfolio in Proofpoint Inc (NASDAQ:PFPT) for 95,101 shares. Teachers Advisors LLC now owns 290,750 shares of the company's stock valued at $20,541,000 after buying an additional 1,802 shares during the period. Daiwa SB Investments Ltd. raised its position in shares of Proofpoint by 14.3% in the first quarter. The fund owned 11,923 shares of the company's stock after buying an additional 2,426 shares during the period.

TRADEMARK VIOLATION WARNING: "Proofpoint Inc (PFPT) Shares Bought by AQR Capital Management LLC" was originally posted by BBNS and is owned by of BBNS. Lebenthal Lisanti Capital Growth LLC purchased a new position in Proofpoint during the third quarter worth about $1,185,000. Finally, Strs Ohio raised its stake in Proofpoint by 16.0% in the third quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the company's stock valued at $311,000 after buying an additional 1,739 shares in the last quarter.

Following U.S. election volatility some analysts have updated their recommended target prices on shares of Proofpoint, Inc. 16133 shares were traded on Proofpoint, Inc.'s last session.

Kellogg Company (NYSE:K) ended its day at $72.27 with the rising stream of -0.44% and its total traded volume was 1.71 million shares less than the average volume. Proofpoint Inc has a 1-year low of $50.12 and a 1-year high of $88.00. The company's market capitalization is $3.22 billion.

Analysts await Proofpoint Inc (NASDAQ:PFPT) to report earnings on April, 20. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. The company earned $106.80 million during the quarter, compared to analysts' expectations of $104.81 million. Proofpoint had a negative return on equity of 110.22% and a negative net margin of 29.62%. Proofpoint's quarterly revenue was up 42.6% compared to the same quarter past year. On average, equities analysts anticipate that Proofpoint Inc will post $0.52 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This article was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another domain, it was stolen and republished in violation of USA & global trademark and copyright legislation. The correct version of this report can be viewed at [[permalink]]. Proofpoint Inc had 48 analyst reports since July 24, 2015 according to SRatingsIntel. DA Davidson restated a "neutral" rating and set a $165.00 price target (down previously from $186.00) on shares of Proofpoint in a report on Wednesday, December 21st. Imperial Capital raised their price objective on Proofpoint from $85.00 to $100.00 and gave the company an "outperform" rating in a research report on Sunday, January 29th. RBC Capital Markets maintained it with "Outperform" rating and $35 target in Thursday, January 21 report. Zacks Investment Research's sales averages are an average based on a survey of sell-side analysts that that provide coverage for Proofpoint. Wells Fargo initiated the stock with "Outperform" rating in Wednesday, January 11 report. On Monday, October 19 the stock rating was maintained by RBC Capital Markets with "Outperform". One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-two have issued a buy rating to the company's stock. Proofpoint presently has a consensus rating of "Buy" and a consensus price target of $82.74.

Also, CEO Gary Steele sold 31,300 shares of the company's stock in a transaction dated Friday, April 7th. Following the completion of the sale, the chief executive officer now directly owns 37,671 shares in the company, valued at approximately $2,821,557.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

On Monday, March 20th, Gary Steele sold 40,000 shares of Proofpoint stock. The shares were sold at an average price of $75.38, for a total value of $226,140.00. The disclosure for this sale can be found here.

Proofpoint, a security-as-a-service well-known provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company's security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

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