Bourgeon Capital Management buys $883,361 stake in FireEye Inc (FEYE)

FireEye Inc (FEYE) : Bourgeon Capital Management scooped up 5,600 additional shares in FireEye Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 51,150 shares of FireEye Inc which is valued at $883,361.FireEye Inc makes up approximately 0.55% of Bourgeon Capital Management’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp sold out all of its stake in FEYE during the most recent quarter. The investment firm sold 78,679 shares of FEYE which is valued $1,358,786.Crossvault Capital Management reduced its stake in FEYE by selling 7,650 shares or 26.2% in the most recent quarter. The Hedge Fund company now holds 21,550 shares of FEYE which is valued at $355,360. FireEye Inc makes up approx 0.25% of Crossvault Capital Management’s portfolio. Moody Aldrich Partners added FEYE to its portfolio by purchasing 38,515 company shares during the most recent quarter which is valued at $635,112. FireEye Inc makes up approx 0.51% of Moody Aldrich Partners’s portfolio.Ibm Retirement Fund boosted its stake in FEYE in the latest quarter, The investment management firm added 1,529 additional shares and now holds a total of 15,289 shares of FireEye Inc which is valued at $248,905. FireEye Inc makes up approx 0.01% of Ibm Retirement Fund’s portfolio.

FireEye Inc closed down -0.31 points or -2.10% at $14.42 with 1,01,87,644 shares getting traded on Monday. Post opening the session at $14.53, the shares hit an intraday low of $14.061 and an intraday high of $14.82 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, FireEye Inc reported $-0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.39. The company had revenue of $175.00 million for the quarter, compared to analysts expectations of $181.57 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.41 EPS.

Many Wall Street Analysts have commented on FireEye Inc. Shares were Downgraded by Wunderlich on Aug 5, 2016 to ” Hold” and Lowered the Price Target to $ 15 from a previous price target of $21 .FireEye Inc was Downgraded by JP Morgan to ” Neutral” on Aug 5, 2016. Shares were Downgraded by Citigroup on Aug 5, 2016 to ” Neutral” and Lowered the Price Target to $ 18 from a previous price target of $22 .

FireEye Inc. is a United States-based company engaged in offering virtual machine-based security platform that provides real-time threat protection to enterprises and governments against the cyber-attacks. The Company’s FireEye Threat Prevention platform provides real-time threat protection without the use of signatures to protect an organization across the primary threat vectors and across the various stages of an attack life cycle. It stops advanced cyber-attacks that use advanced malware zero-day exploits and Advanced Persistent Threat (APT) tactics. Its solutions supplement traditional and next generation firewalls Intrusion Prevention Systems (IPS) anti-virus and gateways. It offers a solution that detects and blocks attacks across Web e-mail endpoint file and mobile threat vectors and latent malware resident on file shares. Its products include Network Security NX Series Malware Analysis AX Series iSIGHT ThreatScape Intelligence and Central Management CM Series.

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