FireEye (NASDAQ:FEYE) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “positive” rating in a report issued on Friday, The Fly reports.
Several other equities analysts have also recently issued reports on FEYE. Evercore ISI set a $20.00 target price on shares of FireEye and gave the company a “buy” rating in a research note on Sunday, October 15th. Oppenheimer lowered their target price on shares of FireEye from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. BidaskClub upgraded shares of FireEye from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th. KeyCorp restated a “hold” rating on shares of FireEye in a research note on Friday, October 27th. Finally, Zacks Investment Research upgraded shares of FireEye from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $18.09.
Shares of FireEye (NASDAQ FEYE) traded up $1.32 during trading on Friday, reaching $15.44. 21,179,508 shares of the company were exchanged, compared to its average volume of 3,170,000. The company has a market cap of $3,120.00, a PE ratio of -9.03 and a beta of 0.57. FireEye has a 52 week low of $10.35 and a 52 week high of $18.00. The company has a current ratio of 1.99, a quick ratio of 1.98 and a debt-to-equity ratio of 1.00.
In related news, Director Ronald E. F. Codd sold 6,767 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were 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 directly 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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in 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 worth $101,000 after acquiring an additional 1,528 shares in the last quarter. Resources Investment Advisors Inc. increased its holdings in FireEye by 96.9% in the 4th quarter. Resources Investment Advisors Inc. now owns 7,330 shares of the information security company’s stock worth $104,000 after acquiring an additional 3,607 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in FireEye in the 3rd quarter worth approximately $129,000. State of Alaska Department of Revenue purchased a new stake in FireEye in the 4th quarter worth approximately $146,000. Finally, Exane Derivatives purchased a new stake in FireEye in the 3rd quarter worth 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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