AQR Capital Management LLC Makes New Investment in FireEye Inc (NASDAQ:FEYE)

AQR Capital Management LLC bought a new stake in FireEye Inc (NASDAQ:FEYE) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 265,104 shares of the information security company’s stock, valued at approximately $2,805,000. AQR Capital Management LLC owned approximately 0.12% of FireEye at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. ArrowMark Colorado Holdings LLC raised its position in shares of FireEye by 7.2% in the 1st quarter. ArrowMark Colorado Holdings LLC now owns 5,993,675 shares of the information security company’s stock valued at $63,413,000 after buying an additional 402,404 shares in the last quarter. First Trust Advisors LP boosted its stake in FireEye by 57.1% during the first quarter. First Trust Advisors LP now owns 3,454,006 shares of the information security company’s stock worth $36,543,000 after acquiring an additional 1,255,570 shares in the last quarter. Legal & General Group Plc boosted its stake in FireEye by 1.1% during the first quarter. Legal & General Group Plc now owns 2,595,188 shares of the information security company’s stock worth $43,568,000 after acquiring an additional 27,954 shares in the last quarter. Geode Capital Management LLC raised its holdings in FireEye by 4.6% during the first quarter. Geode Capital Management LLC now owns 2,415,846 shares of the information security company’s stock worth $25,559,000 after buying an additional 107,120 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in FireEye by 14.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,114,356 shares of the information security company’s stock worth $34,950,000 after buying an additional 264,269 shares during the last quarter. Institutional investors own 73.72% of the company’s stock.

FEYE has been the subject of a number of analyst reports. TheStreet lowered shares of FireEye from a “c-” rating to a “d+” rating in a research report on Wednesday, April 29th. Barclays reaffirmed a “hold” rating and issued a $13.00 target price on shares of FireEye in a research note on Tuesday, April 14th. Stifel Nicolaus cut their price target on shares of FireEye from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Morgan Stanley dropped their target price on shares of FireEye from $17.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 25th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $16.00 price target on shares of FireEye in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $15.91.

Shares of FEYE stock opened at $12.18 on Wednesday. The firm’s 50 day moving average price is $12.22 and its two-hundred day moving average price is $13.41. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.49 and a current ratio of 1.50. The stock has a market cap of $2.70 billion, a PE ratio of -9.98 and a beta of 1.04. FireEye Inc has a 52-week low of $7.54 and a 52-week high of $18.34.

FireEye (NASDAQ:FEYE) last issued its quarterly earnings data on Tuesday, April 28th. The information security company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. FireEye had a negative net margin of 28.60% and a negative return on equity of 18.26%. The business had revenue of $224.72 million for the quarter, compared to analyst estimates of $221.65 million. During the same period last year, the business posted ($0.03) earnings per share. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, sell-side analysts predict that FireEye Inc will post -0.51 earnings per share for the current fiscal year.

FireEye Company Profile

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.

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Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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