Kingdom Ridge Capital buys $14,285,328 stake in FireEye Inc (FEYE)

FireEye Inc (FEYE) : Kingdom Ridge Capital scooped up 491,000 additional shares in FireEye Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 994,800 shares of FireEye Inc which is valued at $14,285,328.FireEye Inc makes up approximately 10.76% of Kingdom Ridge Capital’s portfolio.

Other Hedge Funds, Including , Capital Guardian Trust Co boosted its stake in FEYE in the latest quarter, The investment management firm added 107 additional shares and now holds a total of 15,755 shares of FireEye Inc which is valued at $226,242.Employees Retirement System Of Texas reduced its stake in FEYE by selling 142,000 shares or 71.0% in the most recent quarter. The Hedge Fund company now holds 58,000 shares of FEYE which is valued at $832,880. FireEye Inc makes up approx 0.01% of Employees Retirement System Of Texas’s portfolio.Oppenheimer Co Inc boosted its stake in FEYE in the latest quarter, The investment management firm added 30,983 additional shares and now holds a total of 120,049 shares of FireEye Inc which is valued at $1,735,909. FireEye Inc makes up approx 0.05% of Oppenheimer Co Inc’s portfolio. Cambridge Investment Research Advisors added FEYE to its portfolio by purchasing 10,357 company shares during the most recent quarter which is valued at $152,559. Quantitative Systematic Strategies added FEYE to its portfolio by purchasing 10,282 company shares during the most recent quarter which is valued at $179,112. FireEye Inc makes up approx 0.08% of Quantitative Systematic Strategies’s portfolio.

FireEye Inc opened for trading at $14.43 and hit $15.54 on the upside on Thursday, eventually ending the session at $15.19, with a gain of 5.78% or 0.83 points. The heightened volatility saw the trading volume jump to 85,82,468 shares. Company has a market cap of $2,577 M.

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 Imperial Capital on Aug 9, 2016 to ” In-line” and Lowered the Price Target to $ 15 from a previous price target of $25 .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.

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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