FireEye, Inc. (NASDAQ:FEYE) Upgraded at Vetr Inc.
FireEye, Inc. (NASDAQ:FEYE) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday. The firm presently has a $17.53 target price on the information security company’s stock. Vetr‘s target price would indicate a potential upside of 12.88% from the stock’s previous close.
FEYE has been the subject of a number of other reports. BMO Capital Markets lifted their price objective on shares of FireEye from $11.00 to $15.00 and gave the company a “market perform” rating in a report on Wednesday, May 3rd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $23.00 price objective on shares of FireEye in a report on Thursday, May 4th. Stifel Nicolaus reiterated a “buy” rating on shares of FireEye in a report on Wednesday, July 19th. Zacks Investment Research cut shares of FireEye from a “buy” rating to a “hold” rating in a report on Monday, April 10th. Finally, UBS AG set a $16.00 price objective on shares of FireEye and gave the company a “hold” rating in a report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $15.54.
FireEye (NASDAQ:FEYE) traded down 2.08% during trading on Thursday, hitting $15.53. 5,245,614 shares of the stock were exchanged. The firm’s market cap is $2.77 billion. The firm’s 50-day moving average is $15.43 and its 200 day moving average is $13.41. FireEye has a 52 week low of $10.35 and a 52 week high of $17.90.
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A number of hedge funds have recently bought and sold shares of FEYE. State Street Corp raised its stake in FireEye by 2.0% in the fourth quarter. State Street Corp now owns 1,941,497 shares of the information security company’s stock worth $23,103,000 after buying an additional 38,655 shares during the period. Norges Bank purchased a new stake in FireEye during the fourth quarter worth $16,275,000. Teachers Advisors LLC raised its stake in FireEye by 20.1% in the fourth quarter. Teachers Advisors LLC now owns 191,932 shares of the information security company’s stock worth $2,284,000 after buying an additional 32,147 shares during the period. Searle & CO. purchased a new stake in FireEye during the fourth quarter worth $129,000. Finally, Macquarie Group Ltd. purchased a new stake in FireEye during the fourth quarter worth $231,000. 67.34% of the stock is currently owned by institutional investors and hedge funds.
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).
To view Vetr’s full report, visit Vetr’s official website.
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