Proofpoint Inc (NASDAQ:PFPT) saw unusually large options trading activity on Monday. Stock traders purchased 684 put options on the company. This represents an increase of 635% compared to the average volume of 93 put options.
Proofpoint (NASDAQ PFPT) opened at $119.02 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.07. Proofpoint has a 52-week low of $70.30 and a 52-week high of $122.28.
Proofpoint (NASDAQ:PFPT) last posted its earnings results on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.08. The firm had revenue of $145.40 million for the quarter, compared to the consensus estimate of $139.61 million. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 54.09%. The company’s revenue was up 36.1% on a year-over-year basis. During the same period last year, the firm posted $0.18 EPS. equities research analysts forecast that Proofpoint will post -0.94 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Artisan Partners Limited Partnership grew its position in shares of Proofpoint by 8.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,012,092 shares of the software maker’s stock valued at $262,715,000 after buying an additional 225,970 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Proofpoint by 25.2% in the 4th quarter. TIAA CREF Investment Management LLC now owns 1,348,936 shares of the software maker’s stock valued at $119,799,000 after buying an additional 271,581 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Proofpoint by 3.9% in the 4th quarter. Macquarie Group Ltd. now owns 952,921 shares of the software maker’s stock valued at $84,629,000 after buying an additional 35,818 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Proofpoint by 133.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 870,784 shares of the software maker’s stock valued at $76,551,000 after buying an additional 498,462 shares during the last quarter. Finally, Wasatch Advisors Inc. grew its position in shares of Proofpoint by 8.5% in the 3rd quarter. Wasatch Advisors Inc. now owns 790,258 shares of the software maker’s stock valued at $68,926,000 after buying an additional 61,732 shares during the last quarter.
A number of research firms have issued reports on PFPT. Piper Jaffray Companies reiterated an “overweight” rating and set a $134.00 target price on shares of Proofpoint in a report on Friday. Wedbush reiterated an “outperform” rating and set a $114.00 target price (down from $130.00) on shares of Proofpoint in a report on Wednesday, March 7th. Dougherty & Co reiterated a “buy” rating and set a $125.00 target price (up from $118.00) on shares of Proofpoint in a report on Tuesday, March 6th. BTIG Research increased their price objective on shares of Proofpoint from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, March 5th. Finally, Monness Crespi & Hardt reissued a “buy” rating and issued a $120.00 price objective (up from $115.00) on shares of Proofpoint in a research report on Friday, March 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $109.67.
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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