SG Americas Securities LLC Has $6.27 Million Position in Proofpoint Inc (PFPT)

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.

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About Proofpoint

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.

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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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