Falcon Point Capital buys $17,836,453 stake in Proofpoint Inc (PFPT)

Proofpoint Inc (PFPT) : Falcon Point Capital scooped up 52,903 additional shares in Proofpoint Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 239,287 shares of Proofpoint Inc which is valued at $17,836,453.Proofpoint Inc makes up approximately 2.99% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in PFPT in the latest quarter, The investment management firm added 2,300 additional shares and now holds a total of 5,000 shares of Proofpoint Inc which is valued at $372,700. Arcadia Investment Management Corpmi added PFPT to its portfolio by purchasing 672 company shares during the most recent quarter which is valued at $45,024. Proofpoint Inc makes up approx 0.01% of Arcadia Investment Management Corpmi’s portfolio.

Proofpoint Inc closed down -0.6 points or -0.78% at $75.87 with 7,50,253 shares getting traded on Friday. Post opening the session at $76.3, the shares hit an intraday low of $74.21 and an intraday high of $76.69 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Proofpoint Inc reported $-0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $-0.14. The company had revenue of $79.00 million for the quarter, compared to analysts expectations of $76.29 million. The company’s revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Many Wall Street Analysts have commented on Proofpoint Inc. Rosenblatt Initiated Proofpoint Inc on Aug 1, 2016 to “Buy”, Price Target of the shares are set at $95.Company shares were Reiterated by Imperial Capital on Jul 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 83 from a previous price target of $69 .Company shares were Reiterated by Wunderlich on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 83 from a previous price target of $75 .

Proofpoint Inc. is a security-as-a-service provider that provides data protection solutions for large and mid-sized organizations around the world. The Company’s security-as-a-service platform consists of a suite of on-demand data protection solutions including threat protection incident response regulatory compliance archiving governance eDiscovery and secure communication. The Company provides a multi-tiered security-as-a-service platform comprising solutions platform technologies and infrastructure. Its security-as-a-service platform offers a bundle of five solutions: Proofpoint Enterprise Protection Proofpoint Enterprise Privacy Proofpoint Enterprise Archive & Governance Proofpoint Nexgate Social Media Security & Compliance and Proofpoint Essentials. Its platform’s services include content inspection reputation encryption and key management notification and workflow and analytics and search.

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