ArrowMark Colorado Holdings LLC raised its stake in shares of FireEye Inc (NASDAQ:FEYE) by 52.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 731,049 shares of the information security company’s stock after purchasing an additional 250,000 shares during the period. ArrowMark Colorado Holdings LLC owned 0.40% of FireEye worth $10,381,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. Alliancebernstein L.P. grew its holdings in FireEye by 1,158.3% during the 4th quarter. Alliancebernstein L.P. now owns 2,913,038 shares of the information security company’s stock valued at $41,365,000 after purchasing an additional 2,681,525 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in FireEye by 9.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,726,371 shares of the information security company’s stock valued at $45,721,000 after purchasing an additional 237,575 shares in the last quarter. State Street Corp grew its holdings in FireEye by 1.5% during the 2nd quarter. State Street Corp now owns 2,050,241 shares of the information security company’s stock valued at $31,188,000 after purchasing an additional 30,285 shares in the last quarter. Geode Capital Management LLC grew its holdings in FireEye by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 1,575,026 shares of the information security company’s stock valued at $22,365,000 after purchasing an additional 79,998 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in FireEye by 28.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 893,117 shares of the information security company’s stock valued at $14,977,000 after purchasing an additional 197,348 shares in the last quarter. 65.36% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on FEYE shares. Evercore ISI reaffirmed a “buy” rating and set a $20.00 price target on shares of FireEye in a report on Thursday, March 1st. Stephens reaffirmed a “buy” rating and set a $23.00 price target on shares of FireEye in a report on Friday, February 9th. BidaskClub raised shares of FireEye from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Barclays raised their price target on shares of FireEye from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Finally, Zacks Investment Research raised shares of FireEye from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. FireEye currently has a consensus rating of “Buy” and a consensus price target of $18.26.
In related news, President Travis M. Reese sold 74,962 shares of FireEye stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $16.20, for a total value of $1,214,384.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Travis M. Reese sold 100,000 shares of FireEye stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $17.50, for a total transaction of $1,750,000.00. Following the completion of the sale, the president now owns 810,829 shares in the company, valued at $14,189,507.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 478,215 shares of company stock worth $7,889,025. Insiders own 2.40% of the company’s stock.
Shares of FireEye stock traded down $0.14 during trading hours on Monday, reaching $16.79. The company’s stock had a trading volume of 2,561,049 shares, compared to its average volume of 4,080,515. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.92 and a current ratio of 1.93. FireEye Inc has a one year low of $11.82 and a one year high of $18.84. The company has a market cap of $3,243.38, a P/E ratio of -15.40 and a beta of 0.38.
FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Thursday, February 8th. The information security company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. FireEye had a negative net margin of 40.43% and a negative return on equity of 24.93%. The company had revenue of $202.30 million for the quarter, compared to the consensus estimate of $193.74 million. During the same period last year, the firm posted ($0.03) EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. sell-side analysts predict that FireEye Inc will post -0.83 earnings per share for the current year.
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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