FireEye, Inc. (NASDAQ:FEYE)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a note issued to investors on Wednesday.
Several other analysts have also recently weighed in on FEYE. Goldman Sachs Group, Inc. (The) upgraded shares of FireEye from a “sell” rating to a “buy” rating and raised their price objective for the company from $10.00 to $15.00 in a research report on Thursday, March 23rd. Vetr lowered shares of FireEye from a “strong-buy” rating to a “buy” rating and set a $14.28 target price on the stock. in a report on Wednesday, March 29th. Zacks Investment Research lowered shares of FireEye from a “buy” rating to a “hold” rating in a report on Monday, April 10th. Evercore ISI reaffirmed a “buy” rating and set a $16.00 target price (up previously from $14.00) on shares of FireEye in a report on Wednesday, May 3rd. Finally, BMO Capital Markets increased their target price on shares of FireEye from $11.00 to $15.00 and gave the company a “market perform” rating in a report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $15.54.
Shares of FireEye (FEYE) traded down 0.851% on Wednesday, reaching $15.725. 1,591,492 shares of the company were exchanged. The firm has a 50 day moving average price of $15.38 and a 200-day moving average price of $13.29. The stock’s market capitalization is $2.80 billion. FireEye has a 12-month low of $10.35 and a 12-month high of $18.42. FireEye also was the target of unusually large options trading activity on Wednesday. Traders purchased 11,572 put options on the stock. This represents an increase of 196% compared to the typical daily volume of 3,911 put options.
A number of hedge funds and other institutional investors have recently modified their holdings of FEYE. Shapiro Capital Management LLC boosted its position in shares of FireEye by 17.9% in the first quarter. Shapiro Capital Management LLC now owns 18,840,343 shares of the information security company’s stock worth $237,577,000 after buying an additional 2,859,910 shares during the period. Vanguard Group Inc. boosted its position in shares of FireEye by 2.3% in the first quarter. Vanguard Group Inc. now owns 11,660,394 shares of the information security company’s stock worth $147,038,000 after buying an additional 257,120 shares during the period. Penserra Capital Management LLC boosted its position in shares of FireEye by 16.4% in the first quarter. Penserra Capital Management LLC now owns 3,236,242 shares of the information security company’s stock worth $40,809,000 after buying an additional 456,661 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of FireEye by 66.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,532,435 shares of the information security company’s stock worth $31,934,000 after buying an additional 1,014,120 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in shares of FireEye by 32.8% in the first quarter. Neuberger Berman Group LLC now owns 2,259,551 shares of the information security company’s stock worth $28,493,000 after buying an additional 557,832 shares during the period. 67.37% of the stock is owned by institutional investors.
About FireEye
FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).
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