SG Americas Securities LLC raised its position in Proofpoint Inc (NASDAQ:PFPT) by 343.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,641 shares of the software maker’s stock after acquiring an additional 39,990 shares during the period. SG Americas Securities LLC owned about 0.09% of Proofpoint worth $6,271,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. MML Investors Services LLC boosted its position in shares of Proofpoint by 0.9% in the 4th quarter. MML Investors Services LLC now owns 9,399 shares of the software maker’s stock worth $788,000 after purchasing an additional 88 shares during the last quarter. Nordea Investment Management AB raised its stake in Proofpoint by 47.0% during the 3rd quarter. Nordea Investment Management AB now owns 38,848 shares of the software maker’s stock worth $4,130,000 after buying an additional 12,420 shares during the period. Thornburg Investment Management Inc. raised its stake in Proofpoint by 90.4% during the 4th quarter. Thornburg Investment Management Inc. now owns 123,938 shares of the software maker’s stock worth $10,387,000 after buying an additional 58,838 shares during the period. Great West Life Assurance Co. Can raised its stake in Proofpoint by 13.1% during the 4th quarter. Great West Life Assurance Co. Can now owns 5,933 shares of the software maker’s stock worth $480,000 after buying an additional 686 shares during the period. Finally, Coronation Fund Managers Ltd. acquired a new stake in shares of Proofpoint in the 1st quarter valued at about $4,679,000. 95.29% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the company. Zacks Investment Research raised Proofpoint from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research note on Thursday, May 16th. Wedbush reissued an “outperform” rating and issued a $130.00 price target on shares of Proofpoint in a research note on Friday, April 12th. Robert W. Baird restated a “buy” rating on shares of Proofpoint in a report on Friday, April 26th. Cowen assumed coverage on Proofpoint in a report on Thursday. They issued an “outperform” rating and a $140.00 price objective for the company. Finally, Piper Jaffray Companies raised their price objective on Proofpoint from $120.00 to $136.00 and gave the company an “overweight” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $132.43.
Shares of NASDAQ:PFPT traded up $1.75 during trading on Friday, reaching $115.87. 555,000 shares of the stock were exchanged, compared to its average volume of 583,687. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.07. Proofpoint Inc has a 12 month low of $75.92 and a 12 month high of $131.43. The stock has a market cap of $6.39 billion, a PE ratio of -100.76 and a beta of 1.79.
Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, April 25th. The software maker reported ($0.33) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.33). Proofpoint had a negative net margin of 15.82% and a negative return on equity of 13.93%. The company had revenue of $202.90 million during the quarter, compared to the consensus estimate of $199.32 million. During the same period in the previous year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. Equities research analysts expect that Proofpoint Inc will post -0.82 earnings per share for the current year.
In other Proofpoint news, CEO Gary Steele sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $122.16, for a total transaction of $2,443,200.00. Following the completion of the transaction, the chief executive officer now directly owns 162,209 shares in the company, valued at $19,815,451.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dana L. Evan sold 3,051 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $113.85, for a total transaction of $347,356.35. Following the transaction, the director now owns 8,783 shares of the company’s stock, valued at $999,944.55. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 170,727 shares of company stock valued at $20,630,323. Company insiders own 2.93% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “SG Americas Securities LLC Has $6.27 Million Position in Proofpoint Inc (PFPT)” was originally published by Sundance Herald and is the sole property of of Sundance Herald. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://sundanceherald.com/2019/05/24/proofpoint-inc-pfpt-stake-increased-by-sg-americas-securities-llc.html.
Proofpoint, Inc operates as a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.
Further Reading: How is the LIBOR rate calculated?
Receive News & Ratings for Proofpoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint and related companies with MarketBeat.com's FREE daily email newsletter.