FireEye (NASDAQ:FEYE)‘s stock had its “positive” rating reiterated by equities researchers at Wedbush in a note issued to investors on Friday. They currently have a $14.12 price target on the information security company’s stock, down from their previous price target of $16.00.
FEYE has been the subject of a number of other research reports. Evercore ISI set a $20.00 price target on FireEye and gave the stock a “buy” rating in a research report on Sunday, October 15th. BMO Capital Markets reduced their price target on FireEye from $17.00 to $16.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. Cowen reaffirmed a “hold” rating and set a $16.00 price target on shares of FireEye in a research report on Friday, November 3rd. Zacks Investment Research raised FireEye from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Dougherty & Co raised FireEye from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $17.96.
FireEye (NASDAQ FEYE) opened at $14.12 on Friday. FireEye has a 12-month low of $10.35 and a 12-month high of $18.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.98 and a current ratio of 1.99. The firm has a market capitalization of $2,615.61, a P/E ratio of -8.51 and a beta of 0.57.
In other news, Director Ronald E. F. Codd sold 6,767 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $13.57, for a total value of $91,828.19. Following the completion of the sale, the director now owns 7,099 shares of the company’s stock, valued at approximately $96,333.43. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FEYE. The Manufacturers Life Insurance Company boosted its holdings in shares of FireEye by 30.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock valued at $101,000 after buying an additional 1,528 shares during the last quarter. Resources Investment Advisors Inc. boosted its holdings in shares of FireEye by 96.9% in the 4th quarter. Resources Investment Advisors Inc. now owns 7,330 shares of the information security company’s stock valued at $104,000 after buying an additional 3,607 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of FireEye in the 3rd quarter valued at approximately $129,000. State of Alaska Department of Revenue acquired a new stake in shares of FireEye in the 4th quarter valued at approximately $146,000. Finally, Exane Derivatives acquired a new stake in shares of FireEye in the 3rd quarter valued at approximately $168,000. 68.18% of the stock is owned by institutional investors.
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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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