1.32 is Proofpoint Inc's (NASDAQ:PFPT) Institutional Investor Sentiment

1.32 is Proofpoint Inc's (NASDAQ:PFPT) Institutional Investor Sentiment

(NASDAQ:PFPT) by 340.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 175,900 shares of the software maker's stock after purchasing an additional 136,000 shares during the quarter. Ironbridge Capital Management Lp now owns 115,846 shares worth $8,614,000. Comerica Bank grew its stake in shares of Proofpoint by 0.4% in the second quarter. Short interest fell from 6,622,465 to 6,222,148 over that period. Creative Planning grew its stake in shares of Proofpoint by 7.4% in the second quarter. Creative Planning now owns 2,232 shares of the software maker's stock worth $194,000 after acquiring an additional 154 shares during the period. Principal Financial Group Inc. now owns 5,976 shares of the software maker's stock worth $519,000 after acquiring an additional 216 shares during the period.

The share price of the company (PFPT) was down -0.01%, with a high of 94.75during the day and the volume of Proofpoint, Inc. shares traded was 181766. The company has market cap of $4.18 billion.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Thursday, July 27th. The software maker reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.05. Proofpoint had a negative net margin of 20.96% and a negative return on equity of 140.24%. The firm had revenue of $122.30 million during the quarter, compared to the consensus estimate of $119.58 million. Next quarter's EPS is expected be $0.18 and the next full year EPS is projected to be $1.01. The company's revenue for the quarter was up 36.0% on a year-over-year basis.

Proofpoint Inc has 52 week low of $68.45 and a 52 week high of $97.00 and has a market capitalization of $0. Also, EVP David Knight sold 3,000 shares of Proofpoint stock in a transaction that occurred on Wednesday, August 23rd.

Tracey Newell, EVP sold $740,562 worth of shares at an average price of $90.50 on Monday the 18th. Following the completion of the sale, the executive vice president now directly owns 16,874 shares of the company's stock, valued at $1,531,484.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

In other Proofpoint news, CEO Gary Steele sold 40,000 shares of Proofpoint stock in a transaction that occurred on Tuesday, August 22nd. The disclosure for this sale can be found here. Insiders have sold a total of 160,366 shares of company stock valued at $14,450,427 over the last three months. Corporate insiders own 6.80% of the company's stock.

WARNING: "Proofpoint, Inc. (PFPT) Shares Bought by Sterling Capital Management LLC" was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another domain, it was stolen and republished in violation of United States and worldwide copyright law.

A number of analysts have recently commented on PFPT shares. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the company's stock.

Analysts await Proofpoint Inc (NASDAQ:PFPT) to report earnings on October, 19.

In addition to Monness Crespi reporting its stock price target, a total of 21 brokers have issued a research note on the company. Equity analyst Cowen & Co. started covering the stock with an initial rating of "Outperform". The legal version of this report can be viewed at https://weekherald.com/2017/10/16/renaissance-technologies-llc-buys-136000-shares-of-proofpoint-inc-pfpt.html. Proofpoint now has an average rating of "Buy" and an average price target of $99.52.

Proofpoint, Inc.is a security-as-a-service well-known provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data.

Want to see what other hedge funds are holding PFPT?