Huntington National Bank continued to hold its position in FireEye Inc. (NASDAQ:FEYE) during the second quarter, Holdings Channel reports. The firm owned 55,495 shares of the information security company’s stock at the end of the second quarter. Huntington National Bank’s holdings in FireEye were worth $2,178,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Financial Architects Inc raised its position in FireEye by 30.0% in the second quarter. Financial Architects Inc now owns 9,030 shares of the information security company’s stock valued at $148,000 after buying an additional 2,083 shares during the last quarter. Bank of Montreal Can purchased a new position in FireEye during the second quarter valued at about $163,000. Fairfield Bush & CO. purchased a new position in FireEye during the first quarter valued at about $180,000. Independent Portfolio Consultants Inc. purchased a new position in FireEye during the second quarter valued at about $191,000. Finally, Baker Avenue Asset Management LP purchased a new position in FireEye during the first quarter valued at about $224,000. Institutional investors and hedge funds own 52.39% of the company’s stock.
Shares of FireEye Inc. (NASDAQ:FEYE) traded down 0.83% during trading on Friday, hitting $14.37. 7,103,349 shares of the stock were exchanged. The firm has a 50 day moving average of $14.60 and a 200-day moving average of $16.06. The stock’s market cap is $2.44 billion. FireEye Inc. has a 52-week low of $11.35 and a 52-week high of $33.15.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Thursday, August 4th. The information security company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.06. FireEye had a negative net margin of 81.76% and a negative return on equity of 46.11%. The business had revenue of $175 million for the quarter, compared to the consensus estimate of $181.67 million. During the same quarter in the previous year, the firm earned ($0.41) earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities research analysts anticipate that FireEye Inc. will post ($1.30) earnings per share for the current fiscal year.
Several research firms recently issued reports on FEYE. Wunderlich began coverage on shares of FireEye in a report on Tuesday, September 13th. They issued a “hold” rating and a $16.00 target price on the stock. Citigroup Inc. lowered shares of FireEye from a “buy” rating to a “neutral” rating and dropped their target price for the company from $22.00 to $18.00 in a report on Friday, August 5th. JPMorgan Chase & Co. lowered shares of FireEye from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $20.00 to $15.00 in a report on Friday, August 5th. Nomura restated a “buy” rating and issued a $22.50 target price on shares of FireEye in a report on Thursday, September 8th. Finally, Wells Fargo & Co. restated a “market perform” rating and issued a $15.00 target price (down previously from $16.50) on shares of FireEye in a report on Friday, August 5th. Nineteen equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.84.
In other news, EVP John T. Mcgee sold 14,988 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $14.20, for a total value of $212,829.60. Following the transaction, the executive vice president now owns 155,905 shares of the company’s stock, valued at $2,213,851. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Travis M. Reese sold 2,466 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $14.19, for a total transaction of $34,992.54. Following the completion of the transaction, the president now directly owns 388,841 shares in the company, valued at approximately $5,517,653.79. The disclosure for this sale can be found here. Company insiders own 9.60% of the company’s stock.
FireEye Company Profile
FireEye, Inc provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The Company’s cybersecurity solutions combine its purpose-built virtual-machine technology, threat intelligence and security in a suite of products and services. The Company’s cybersecurity platform includes a family of software-based appliances, endpoint agents, cloud-based subscription services, support and maintenance and other services.
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