Dai Ichi Life Insurance Company Ltd bought a new position in shares of FireEye, Inc. (NASDAQ:FEYE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 70,464 shares of the information security company’s stock, valued at approximately $1,072,000.
A number of other hedge funds also recently made changes to their positions in FEYE. Teachers Advisors LLC boosted its stake in FireEye by 20.1% during the fourth quarter. Teachers Advisors LLC now owns 191,932 shares of the information security company’s stock worth $2,284,000 after buying an additional 32,147 shares during the period. Bank of Montreal Can boosted its stake in FireEye by 37.4% during the first quarter. Bank of Montreal Can now owns 7,887 shares of the information security company’s stock worth $100,000 after buying an additional 2,147 shares during the period. Russell Investments Group Ltd. boosted its stake in FireEye by 54.8% during the first quarter. Russell Investments Group Ltd. now owns 645,139 shares of the information security company’s stock worth $8,134,000 after buying an additional 228,362 shares during the period. Canada Pension Plan Investment Board boosted its stake in FireEye by 108.4% during the first quarter. Canada Pension Plan Investment Board now owns 52,100 shares of the information security company’s stock worth $657,000 after buying an additional 27,100 shares during the period. Finally, First Trust Advisors LP boosted its stake in FireEye by 72.6% during the first quarter. First Trust Advisors LP now owns 607,445 shares of the information security company’s stock worth $7,660,000 after buying an additional 255,548 shares during the period. 67.65% of the stock is owned by institutional investors.
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In other news, EVP Alexa King sold 69,884 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the completion of the transaction, the executive vice president now directly owns 428,733 shares in the company, valued at approximately $6,199,479.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.
Shares of FireEye, Inc. (NASDAQ:FEYE) opened at 17.34 on Friday. FireEye, Inc. has a 12-month low of $10.35 and a 12-month high of $17.34. The firm’s market cap is $3.16 billion. The firm’s 50-day moving average is $14.84 and its 200-day moving average is $14.05.
FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, August 1st. The information security company reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.13. The company had revenue of $185.50 million during the quarter, compared to analysts’ expectations of $176.39 million. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.33) EPS. Equities analysts expect that FireEye, Inc. will post ($0.21) earnings per share for the current fiscal year.
Several research analysts have weighed in on FEYE shares. Vetr raised shares of FireEye from a “buy” rating to a “strong-buy” rating and set a $17.10 target price for the company in a research note on Wednesday, May 24th. ValuEngine lowered shares of FireEye from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Susquehanna Bancshares Inc started coverage on shares of FireEye in a research note on Wednesday, June 7th. They set a “neutral” rating and a $17.00 target price for the company. BidaskClub lowered shares of FireEye from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, UBS AG set a $16.00 target price on shares of FireEye and gave the stock a “hold” rating in a research note on Friday, July 7th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $16.44.
FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).
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