Short Interest in FireEye, Inc. (NASDAQ:FEYE) Drops By 10.2%
FireEye, Inc. (NASDAQ:FEYE) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totalling 29,886,519 shares, a drop of 10.2% from the June 15th total of 33,273,350 shares. Approximately 17.8% of the shares of the stock are short sold. Based on an average daily volume of 5,180,656 shares, the short-interest ratio is presently 5.8 days.
Shares of FireEye (FEYE) opened at 15.49 on Friday. The company’s market cap is $2.76 billion. FireEye has a 1-year low of $10.35 and a 1-year high of $18.42. The stock’s 50 day moving average is $15.25 and its 200 day moving average is $13.02.
FEYE has been the subject of a number of research analyst reports. Barclays PLC restated an “equal weight” rating and set a $14.00 price objective (up previously from $10.00) on shares of FireEye in a research report on Wednesday, May 3rd. Goldman Sachs Group Inc reaffirmed a “buy” rating and issued a $17.00 price target (up previously from $15.00) on shares of FireEye in a report on Wednesday, May 3rd. Wedbush increased their price target on shares of FireEye from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, May 3rd. Evercore ISI reaffirmed a “buy” rating and issued a $16.00 price target (up previously from $14.00) on shares of FireEye in a report on Wednesday, May 3rd. Finally, BidaskClub downgraded shares of FireEye from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.53.
Several institutional investors have recently modified their holdings of FEYE. State Street Corp raised its position in shares of FireEye by 2.0% in the fourth quarter. State Street Corp now owns 1,941,497 shares of the information security company’s stock valued at $23,103,000 after buying an additional 38,655 shares in the last quarter. Norges Bank bought a new position in shares of FireEye during the fourth quarter valued at approximately $16,275,000. Teachers Advisors LLC raised its position in shares of FireEye by 20.1% in the fourth quarter. Teachers Advisors LLC now owns 191,932 shares of the information security company’s stock valued at $2,284,000 after buying an additional 32,147 shares in the last quarter. Searle & CO. bought a new position in shares of FireEye during the fourth quarter valued at approximately $129,000. Finally, Macquarie Group Ltd. bought a new position in shares of FireEye during the fourth quarter valued at approximately $231,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.
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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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