Proofpoint Inc (PFPT) : Handelsinvest Investeringsforvaltning added new position in Proofpoint Inc during the most recent quarter end. The investment management firm now holds 11,000 shares of Proofpoint Inc which is valued at $826,100 , the company said in a statement filed on Aug 8, 2016 with the SEC.Proofpoint Inc makes up approximately 0.30% of Handelsinvest Investeringsforvaltning’s portfolio.
Other Hedge Funds, Including , Geneva Advisors boosted its stake in PFPT in the latest quarter, The investment management firm added 127 additional shares and now holds a total of 8,799 shares of Proofpoint Inc which is valued at $660,805. Proofpoint Inc makes up approx 0.01% of Geneva Advisors’s portfolio.Chartwell Investment Partners boosted its stake in PFPT in the latest quarter, The investment management firm added 53,775 additional shares and now holds a total of 360,611 shares of Proofpoint Inc which is valued at $27,006,158. Proofpoint Inc makes up approx 0.46% of Chartwell Investment Partners’s portfolio.Turner Investments reduced its stake in PFPT by selling 8,050 shares or 10.04% in the most recent quarter. The Hedge Fund company now holds 72,120 shares of PFPT which is valued at $5,401,067. Proofpoint Inc makes up approx 1.58% of Turner Investments’s portfolio.Glynn Capital Management boosted its stake in PFPT in the latest quarter, The investment management firm added 28,915 additional shares and now holds a total of 77,516 shares of Proofpoint Inc which is valued at $5,881,139. Proofpoint Inc makes up approx 1.74% of Glynn Capital Management’s portfolio. Franklin Street Advisors Inc Nc sold out all of its stake in PFPT during the most recent quarter. The investment firm sold 4,050 shares of PFPT which is valued $272,849.
Proofpoint Inc opened for trading at $75.18 and hit $77.16 on the upside on Monday, eventually ending the session at $76.1, with a gain of 1.63% or 1.22 points. The heightened volatility saw the trading volume jump to 4,53,495 shares. Company has a market cap of $3,199 M.
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. Needham Initiated Proofpoint Inc on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $88.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 .
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.