Morgan Stanley Upgrades FireEye, Inc. (FEYE) to "Overweight"

Cornelia Mascio
Settembre 23, 2017

(NASDAQ:FEYE) from a hold rating to a strong-buy rating in a research note issued to investors on Monday. Also, EVP Alexa King sold 69,884 shares of the company's stock in a transaction that occurred on Thursday, August 3rd. Oppenheimer Holdings, Inc. reaffirmed a "buy" rating and set a $23.00 price target on shares of FireEye in a report on Monday. They noted that the move was a valuation call. Standpoint Research cut FireEye from a "buy" rating to a "hold" rating and set a $18.00 price target on the stock.in a report on Monday. Vetr downgraded shares of FireEye from a "strong-buy" rating to a "buy" rating and set a $17.31 price objective on the stock.in a research report on Monday, June 5th. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. FireEye has a consensus rating of "Hold" and a consensus target price of $16.61.

FireEye (NASDAQ:FEYE) opened at 16.88 on Thursday. 546,057 shares of the company traded hands. The value of the investment in FireEye, Inc. went from $661,000 to $1,733,000 a change of $1,072,000 quarter over quarter.

There has been some selling insider activity on FireEye, Inc. The company has a 50 day moving average of $14.96 and a 200 day moving average of $14.18.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Tuesday, August 1st. The information security company reported ($0.26) EPS for the quarter, beating analysts' consensus estimates of ($0.39) by $0.13. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The business had revenue of $185.50 million during the quarter, compared to analyst estimates of $176.39 million. During the same period in the prior year, the business posted ($0.33) earnings per share. The business's quarterly revenue was up 6.0% compared to the same quarter past year. On average, equities research analysts predict that FireEye will post ($0.21) EPS for the current year. If you are reading this article on another domain, it was illegally copied and reposted in violation of US & worldwide trademark & copyright legislation. The original version of this report can be viewed at https://stocknewstimes.com/2017/09/23/70464-shares-in-fireeye-inc-feye-acquired-by-dai-ichi-life-insurance-company-ltd.html. Also, President Travis M. Reese sold 11,555 shares of the firm's stock in a transaction dated Monday, September 18th. The shares were sold on September 18th for an average price of $17.50. Following the sale, the president now owns 508,210 shares of the company's stock, valued at approximately $8,893,675. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The shares were sold at an average price of $14.46, for a total value of $1,010,522.64. Following the completion of the sale, the executive vice president now directly owns 428,733 shares in the company, valued at approximately $6,199,479.18. The disclosure for this sale can be found here. Reese now owns $8,691,463 of the stock according to the SEC filing.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Exencial Wealth Advisors LLC lifted its holdings in shares of FireEye by 0.7% during the second quarter. Exencial Wealth Advisors LLC now owns 15,330 shares of the information security company's stock valued at $233,000 after buying an additional 100 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its holdings in shares of FireEye by 1.4% during the second quarter. Vanguard Group Inc. now owns 12,578,361 shares of the information security company's stock worth $191,317,000 after purchasing an additional 917,967 shares during the last quarter. Shapiro Capital Management LLC increased its position in shares of FireEye by 17.9% in the first quarter. Balyasny Asset Management LLC now owns 2,902,297 shares of the information security company's stock worth $44,144,000 after purchasing an additional 1,975,924 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of FireEye by 31.9% during the second quarter. Finally, Verition Fund Management LLC lifted its holdings in shares of FireEye by 3.8% during the second quarter. State Street Corp now owns 2,019,956 shares of the information security company's stock worth $25,472,000 after acquiring an additional 78,459 shares during the last quarter. Its Subscription and Services include Threat Intelligence Subscriptions, which include Dynamic Threat Intelligence (DTI) Cloud, Advanced Threat Intelligence (ATI) and FireEye iSIGHT Intelligence; Security-as-a-Service Offerings, which include Email Threat Prevention Cloud (ETP), FireEye Helix and FireEye-as-a-Service, and Customer Support and Maintenance Services, which include Incident response, compromise assessments and related security consulting services, Cyber Threat Intelligence Services and Training.

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