Alliancebernstein L.P. increased its holdings in Proofpoint Inc (NASDAQ:PFPT) by 13.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 672,156 shares of the software maker’s stock after purchasing an additional 79,595 shares during the period. Alliancebernstein L.P. owned approximately 1.34% of Proofpoint worth $59,694,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in PFPT. Exane Derivatives raised its holdings in Proofpoint by 901.8% during the 4th quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock valued at $152,000 after buying an additional 1,542 shares during the last quarter. Sigma Planning Corp bought a new stake in Proofpoint during the 4th quarter valued at $238,000. GSA Capital Partners LLP bought a new stake in Proofpoint during the 3rd quarter valued at $317,000. Aperio Group LLC raised its holdings in Proofpoint by 24.2% during the 3rd quarter. Aperio Group LLC now owns 4,461 shares of the software maker’s stock valued at $389,000 after buying an additional 870 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in Proofpoint during the 3rd quarter valued at $395,000.
Proofpoint Inc (NASDAQ:PFPT) opened at $119.02 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.06. The stock has a market cap of $6,007.43, a PE ratio of -62.31 and a beta of 1.31. Proofpoint Inc has a 12 month low of $70.30 and a 12 month high of $122.28.
A number of equities research analysts recently commented on PFPT shares. Deutsche Bank reiterated a “buy” rating and set a $114.00 price target on shares of Proofpoint in a report on Tuesday, January 30th. BidaskClub upgraded shares of Proofpoint from a “buy” rating to a “strong-buy” rating in a report on Friday, January 26th. Piper Jaffray Companies reiterated a “buy” rating and set a $112.00 price target on shares of Proofpoint in a report on Friday, November 24th. Wedbush reiterated an “outperform” rating and set a $108.00 price target on shares of Proofpoint in a report on Wednesday, January 3rd. Finally, Zacks Investment Research lowered shares of Proofpoint from a “buy” rating to a “hold” rating in a report on Thursday, December 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $109.67.
In related news, EVP Tracey Newell sold 8,183 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $91.24, for a total value of $746,616.92. Following the completion of the transaction, the executive vice president now directly owns 25,001 shares in the company, valued at approximately $2,281,091.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bhagwat Swaroop sold 900 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $98.86, for a total transaction of $88,974.00. Following the completion of the transaction, the executive vice president now owns 4,077 shares of the company’s stock, valued at $403,052.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,303 shares of company stock valued at $13,511,751. 5.96% of the stock is owned by company insiders.
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Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.
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