Victory Capital Management Inc. Has $43.10 Million Position in Proofpoint Inc (PFPT)

Victory Capital Management Inc. decreased its holdings in Proofpoint Inc (NASDAQ:PFPT) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 405,316 shares of the software maker’s stock after selling 19,723 shares during the quarter. Victory Capital Management Inc. owned approximately 0.79% of Proofpoint worth $43,098,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PFPT. Dimensional Fund Advisors LP boosted its holdings in Proofpoint by 19.6% in the first quarter. Dimensional Fund Advisors LP now owns 68,368 shares of the software maker’s stock valued at $7,770,000 after purchasing an additional 11,212 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Proofpoint by 42.5% in the first quarter. Principal Financial Group Inc. now owns 7,404 shares of the software maker’s stock valued at $841,000 after acquiring an additional 2,210 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Proofpoint in the second quarter valued at approximately $704,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Proofpoint in the second quarter valued at approximately $415,000. Finally, Bank of Montreal Can boosted its holdings in shares of Proofpoint by 547.1% in the second quarter. Bank of Montreal Can now owns 19,265 shares of the software maker’s stock valued at $2,221,000 after acquiring an additional 16,288 shares during the period. Institutional investors and hedge funds own 95.75% of the company’s stock.

Several equities research analysts have recently weighed in on the company. BidaskClub raised Proofpoint from a “hold” rating to a “buy” rating in a report on Friday, July 20th. Zacks Investment Research downgraded Proofpoint from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. Monness Crespi & Hardt increased their price objective on Proofpoint from $135.00 to $140.00 and gave the company a “buy” rating in a report on Friday, July 27th. Royal Bank of Canada reissued a “buy” rating and issued a $140.00 price objective on shares of Proofpoint in a report on Friday, July 27th. Finally, Morgan Stanley increased their price objective on Proofpoint from $135.00 to $139.00 and gave the company an “overweight” rating in a report on Friday, July 27th. Four research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $125.05.

Proofpoint stock opened at $89.28 on Friday. Proofpoint Inc has a 12 month low of $75.92 and a 12 month high of $130.27. The company has a market cap of $5.09 billion, a PE ratio of -68.15 and a beta of 1.42.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, October 25th. The software maker reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.73. Proofpoint had a negative return on equity of 11.86% and a negative net margin of 14.08%. The business had revenue of $184.18 million during the quarter, compared to analysts’ expectations of $181.69 million. As a group, research analysts forecast that Proofpoint Inc will post -1.14 EPS for the current fiscal year.

In other Proofpoint news, CFO Paul R. Auvil III sold 40,000 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $116.05, for a total value of $4,642,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael M. Johnson sold 1,040 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $115.30, for a total value of $119,912.00. Following the completion of the transaction, the director now owns 2,687 shares of the company’s stock, valued at approximately $309,811.10. The disclosure for this sale can be found here. Insiders have sold 197,060 shares of company stock valued at $16,614,402 in the last 90 days. Company insiders own 5.96% of the company’s stock.

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Proofpoint Profile

Proofpoint, Inc operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ‘drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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