Proofpoint Inc (PFPT) Position Lifted by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust increased its holdings in shares of Proofpoint Inc (NASDAQ:PFPT) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 295,615 shares of the software maker’s stock after acquiring an additional 3,153 shares during the period. Proofpoint makes up approximately 1.1% of Emerald Mutual Fund Advisers Trust’s portfolio, making the stock its 17th biggest holding. Emerald Mutual Fund Advisers Trust owned 0.58% of Proofpoint worth $31,433,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Baird Financial Group Inc. grew its holdings in Proofpoint by 36.6% during the second quarter. Baird Financial Group Inc. now owns 15,032 shares of the software maker’s stock worth $1,733,000 after acquiring an additional 4,031 shares during the period. Oak Ridge Investments LLC acquired a new position in Proofpoint during the second quarter worth $3,037,000. Public Employees Retirement System of Ohio grew its holdings in Proofpoint by 89.8% during the second quarter. Public Employees Retirement System of Ohio now owns 43,382 shares of the software maker’s stock worth $5,002,000 after acquiring an additional 20,530 shares during the period. Janney Montgomery Scott LLC grew its holdings in Proofpoint by 13.6% during the second quarter. Janney Montgomery Scott LLC now owns 11,463 shares of the software maker’s stock worth $1,322,000 after acquiring an additional 1,375 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in Proofpoint by 18.4% during the third quarter. Handelsbanken Fonder AB now owns 90,000 shares of the software maker’s stock worth $9,570,000 after acquiring an additional 14,000 shares during the period. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:PFPT opened at $89.55 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.69. Proofpoint Inc has a 52-week low of $75.92 and a 52-week high of $130.27. The firm has a market capitalization of $4.28 billion, a PE ratio of -68.36 and a beta of 1.24.



Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Thursday, October 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.73. Proofpoint had a negative return on equity of 14.27% and a negative net margin of 14.08%. The business had revenue of $184.18 million for the quarter, compared to the consensus estimate of $181.69 million. On average, equities analysts anticipate that Proofpoint Inc will post -1.21 EPS for the current fiscal year.

In other news, EVP Bhagwat Swaroop sold 1,634 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $117.93, for a total value of $192,697.62. Following the sale, the executive vice president now directly owns 2,291 shares in the company, valued at $270,177.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael M. Johnson sold 1,040 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $115.30, for a total value of $119,912.00. Following the completion of the sale, the director now owns 2,687 shares in the company, valued at $309,811.10. The disclosure for this sale can be found here. Insiders sold 248,560 shares of company stock worth $22,667,422 over the last 90 days. Company insiders own 3.37% of the company’s stock.

PFPT has been the topic of several research reports. Stifel Nicolaus upped their target price on Proofpoint to $130.00 and gave the company a “buy” rating in a report on Friday, July 27th. First Analysis lowered Proofpoint from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $150.00 to $110.00 in a report on Friday, October 26th. JMP Securities lowered their target price on Proofpoint from $145.00 to $115.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. Goldman Sachs Group raised Proofpoint from a “neutral” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Monday. Finally, Monness Crespi & Hardt lowered their target price on Proofpoint from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Six research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $125.05.

Proofpoint Profile

Proofpoint, Inc operates as a security-as-a-service (SaaS) 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: Why do company’s buyback their stock?

Want to see what other hedge funds are holding PFPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Proofpoint Inc (NASDAQ:PFPT).

Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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.

Leave a Reply