Benjamin F. Edwards & Company Inc. Acquires 9,750 Shares of FireEye Inc (FEYE)

Benjamin F. Edwards & Company Inc. grew its holdings in shares of FireEye Inc (NASDAQ:FEYE) by 44.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 31,600 shares of the information security company’s stock after acquiring an additional 9,750 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in FireEye were worth $537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. OppenheimerFunds Inc. raised its position in FireEye by 100.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 6,000,378 shares of the information security company’s stock worth $92,346,000 after purchasing an additional 3,000,051 shares during the period. Legal & General Group Plc raised its position in FireEye by 1,276.3% in the 1st quarter. Legal & General Group Plc now owns 1,177,816 shares of the information security company’s stock worth $19,940,000 after purchasing an additional 1,092,239 shares during the period. Fisher Asset Management LLC raised its position in FireEye by 41.4% in the 3rd quarter. Fisher Asset Management LLC now owns 3,212,043 shares of the information security company’s stock worth $54,605,000 after purchasing an additional 939,932 shares during the period. Jennison Associates LLC purchased a new stake in FireEye in the 2nd quarter worth about $13,735,000. Finally, Millennium Management LLC raised its position in FireEye by 125.8% in the 2nd quarter. Millennium Management LLC now owns 1,509,436 shares of the information security company’s stock worth $23,230,000 after purchasing an additional 841,080 shares during the period. Hedge funds and other institutional investors own 69.99% of the company’s stock.

Shares of NASDAQ:FEYE opened at $18.49 on Thursday. FireEye Inc has a one year low of $13.40 and a one year high of $19.36. The company has a quick ratio of 2.02, a current ratio of 2.03 and a debt-to-equity ratio of 1.42.



FireEye (NASDAQ:FEYE) last issued its earnings results on Tuesday, October 30th. The information security company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. The business had revenue of $211.65 million for the quarter, compared to analyst estimates of $208.46 million. FireEye had a negative net margin of 33.32% and a negative return on equity of 22.77%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. As a group, sell-side analysts forecast that FireEye Inc will post -0.79 earnings per share for the current fiscal year.

In other news, EVP William T. Robbins sold 6,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $14.46, for a total transaction of $92,544.00. Following the transaction, the executive vice president now directly owns 359,444 shares of the company’s stock, valued at $5,197,560.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP William T. Robbins sold 1,409 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $18.01, for a total transaction of $25,376.09. Following the transaction, the executive vice president now directly owns 324,444 shares in the company, valued at $5,843,236.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,820 shares of company stock worth $931,071. Corporate insiders own 2.40% of the company’s stock.

FEYE has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of FireEye from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Wednesday, August 8th. Goldman Sachs Group set a $22.00 price objective on shares of FireEye and gave the stock a “buy” rating in a research report on Thursday, October 4th. Piper Jaffray Companies raised shares of FireEye from a “neutral” rating to an “overweight” rating and set a $24.00 price objective on the stock in a research report on Monday, July 9th. ValuEngine lowered shares of FireEye from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Finally, BidaskClub raised shares of FireEye from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Ten research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.78.

FireEye Company Profile

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.

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Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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