Axa Has $18.99 Million Stake in Proofpoint, Inc. (PFPT)

AXA raised its stake in Proofpoint, Inc. (NASDAQ:PFPT) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 255,392 shares of the software maker’s stock after buying an additional 16,592 shares during the period. AXA owned 0.59% of Proofpoint worth $18,991,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in PFPT. A.R.T. Advisors LLC increased its stake in Proofpoint by 239.7% in the fourth quarter. A.R.T. Advisors LLC now owns 23,100 shares of the software maker’s stock valued at $1,632,000 after buying an additional 16,300 shares during the last quarter. Northern Trust Corp increased its stake in Proofpoint by 0.6% in the third quarter. Northern Trust Corp now owns 584,319 shares of the software maker’s stock valued at $43,737,000 after buying an additional 3,370 shares during the last quarter. Flinton Capital Management LLC purchased a new stake in Proofpoint during the fourth quarter valued at $424,000. Russell Investments Group Ltd. purchased a new stake in Proofpoint during the fourth quarter valued at $6,735,000. Finally, AQR Capital Management LLC increased its stake in Proofpoint by 25.5% in the fourth quarter. AQR Capital Management LLC now owns 11,923 shares of the software maker’s stock valued at $842,000 after buying an additional 2,426 shares during the last quarter.

Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

Shares of Proofpoint, Inc. (PFPT) traded up 0.76% on Friday, reaching $87.45. The company’s stock had a trading volume of 595,208 shares. The company’s market capitalization is $3.82 billion. Proofpoint, Inc. has a 1-year low of $57.13 and a 1-year high of $94.33. The stock has a 50-day moving average price of $84.49 and a 200-day moving average price of $79.01.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Thursday, April 20th. The software maker reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $113.30 million during the quarter, compared to analysts’ expectations of $110.60 million. Proofpoint had a negative return on equity of 126.46% and a negative net margin of 25.63%. Proofpoint’s revenue was up 43.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) earnings per share. On average, equities research analysts forecast that Proofpoint, Inc. will post $0.59 EPS for the current year.

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Several analysts recently weighed in on PFPT shares. Zacks Investment Research upgraded Proofpoint from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Monday, April 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $95.00 target price on shares of Proofpoint in a research note on Sunday, April 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $90.00 target price on shares of Proofpoint in a research note on Sunday, April 23rd. Deutsche Bank AG reiterated a “buy” rating and issued a $90.00 target price (up previously from $85.00) on shares of Proofpoint in a research note on Sunday, April 23rd. Finally, Wunderlich reiterated a “buy” rating and issued a $93.00 target price on shares of Proofpoint in a research note on Sunday, April 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the stock. Proofpoint currently has an average rating of “Buy” and a consensus price target of $86.95.

In other news, SVP Robert Darren Lee sold 3,000 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $74.36, for a total value of $223,080.00. Following the completion of the transaction, the senior vice president now directly owns 5,881 shares of the company’s stock, valued at $437,311.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary Steele sold 40,000 shares of the business’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $80.63, for a total value of $3,225,200.00. Following the completion of the transaction, the chief executive officer now directly owns 73,432 shares of the company’s stock, valued at $5,920,822.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 227,549 shares of company stock valued at $18,475,744. 6.80% of the stock is currently owned by insiders.

Proofpoint Company Profile

Proofpoint, Inc is a security-as-a-service 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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