Signaturefd LLC Cuts Stock Holdings in Proofpoint, Inc. (NASDAQ:PFPT)

Signaturefd LLC lowered its stake in shares of Proofpoint, Inc. (NASDAQ:PFPT) by 47.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 897 shares of the software maker’s stock after selling 798 shares during the quarter. Signaturefd LLC’s holdings in Proofpoint were worth $113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of PFPT. CWM LLC increased its position in shares of Proofpoint by 2,075.0% during the fourth quarter. CWM LLC now owns 261 shares of the software maker’s stock worth $36,000 after acquiring an additional 249 shares during the period. Global Retirement Partners LLC grew its stake in shares of Proofpoint by 58.3% during the fourth quarter. Global Retirement Partners LLC now owns 497 shares of the software maker’s stock worth $68,000 after purchasing an additional 183 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in shares of Proofpoint during the fourth quarter worth $87,000. IFP Advisors Inc grew its stake in shares of Proofpoint by 2,376.2% during the fourth quarter. IFP Advisors Inc now owns 1,040 shares of the software maker’s stock worth $141,000 after purchasing an additional 998 shares in the last quarter. Finally, Sowell Financial Services LLC grew its stake in shares of Proofpoint by 10.6% during the fourth quarter. Sowell Financial Services LLC now owns 1,216 shares of the software maker’s stock worth $166,000 after purchasing an additional 117 shares in the last quarter. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Proofpoint stock opened at $171.77 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.64 and a quick ratio of 1.64. Proofpoint, Inc. has a 1-year low of $91.60 and a 1-year high of $174.25. The company has a market cap of $9.85 billion, a PE ratio of -62.46 and a beta of 1.25. The stock’s 50 day moving average price is $145.68 and its 200 day moving average price is $127.84.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Sunday, April 25th. The software maker reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.09. Proofpoint had a negative return on equity of 6.63% and a negative net margin of 15.46%. The firm had revenue of $287.30 million for the quarter, compared to the consensus estimate of $281.63 million. During the same period in the previous year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, equities research analysts anticipate that Proofpoint, Inc. will post -0.52 EPS for the current fiscal year.

A number of brokerages recently commented on PFPT. Stephens began coverage on shares of Proofpoint in a research note on Monday, February 1st. They set an “overweight” rating and a $165.00 target price for the company. Wedbush reiterated a “neutral” rating and set a $176.00 target price on shares of Proofpoint in a research note on Monday, May 3rd. Northland Securities downgraded shares of Proofpoint from an “outperform” rating to a “market perform” rating in a research note on Monday, April 26th. JMP Securities upped their price objective on shares of Proofpoint from $157.00 to $190.00 and gave the company a “market outperform” rating in a research note on Monday, May 3rd. Finally, Royal Bank of Canada downgraded shares of Proofpoint from an “outperform” rating to a “sector perform” rating in a research note on Monday, April 26th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $158.07.

In other Proofpoint news, EVP Robert Darren Lee sold 2,317 shares of the business’s stock in a transaction on Monday, March 15th. The stock was sold at an average price of $123.54, for a total transaction of $286,242.18. Following the sale, the executive vice president now directly owns 4,634 shares in the company, valued at $572,484.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary Steele sold 5,000 shares of the business’s stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $128.86, for a total value of $644,300.00. Following the sale, the chief executive officer now owns 70,040 shares in the company, valued at $9,025,354.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,817 shares of company stock worth $1,904,117. Company insiders own 2.93% of the company’s stock.

Proofpoint Profile

Proofpoint, Inc operates as a security-as-a-service 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.

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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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