Proofpoint Inc (NASDAQ:PFPT) Institutional Investors Q4 2017 Sentiment

May 17, 2018 - By Jeanette Kaplan

Proofpoint, Inc. (NASDAQ:PFPT) Logo

Sentiment for Proofpoint Inc (NASDAQ:PFPT)

Proofpoint Inc (NASDAQ:PFPT) institutional sentiment increased to 1.33 in Q4 2017. Its up 0.17, from 1.16 in 2017Q3. The ratio is more positive, as 133 institutional investors opened new and increased stock positions, while 100 sold and reduced holdings in Proofpoint Inc. The institutional investors in our partner’s database now possess: 49.53 million shares, up from 49.44 million shares in 2017Q3. Also, the number of institutional investors holding Proofpoint Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 15 Reduced: 85 Increased: 85 New Position: 48.

Proofpoint, Inc. operates as a security-as-a-service well-known provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. The company has market cap of $6.25 billion. It offers threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery, and secure communication solutions. It currently has negative earnings. The firm provides email security products that include Enterprise Protection secure email gateway, Email Fraud Defense, Email Continuity, and Proofpoint Essentials, which are design to protect customers' mission-critical messaging infrastructure from outside threats, enable enterprises to authenticate their email to reduce consumer phishing, fight business email compromise attacks, and keep email operational in the event of a service well-known provider outage.

The stock increased 0.33% or $0.4 during the last trading session, reaching $122.95. About 178,972 shares traded. Proofpoint, Inc. (NASDAQ:PFPT) has risen 50.07% since May 17, 2017 and is uptrending. It has outperformed by 38.52% the S&P500.

Analysts await Proofpoint, Inc. (NASDAQ:PFPT) to report earnings on July, 26. They expect $-0.36 earnings per share, up 7.69 % or $0.03 from last year’s $-0.39 per share. After $-0.07 actual earnings per share reported by Proofpoint, Inc. for the previous quarter, Wall Street now forecasts 414.29 % negative EPS growth.

Glynn Capital Management Llc holds 2.39% of its portfolio in Proofpoint, Inc. for 125,095 shares. Falcon Point Capital Llc owns 144,166 shares or 2.16% of their US portfolio. Moreover, Zevenbergen Capital Investments Llc has 2.15% invested in the company for 580,560 shares. The New Jersey-based Hhr Asset Management Llc has invested 1.5% in the stock. Redwood Investments Llc, a Massachusetts-based fund reported 221,857 shares.

Since January 1, 0001, it had 0 insider purchases, and 13 sales for $13.18 million activity.

Proofpoint, Inc. (NASDAQ:PFPT) Ratings Coverage

Ratings analysis reveals 83% of Proofpoint Inc’s analysts are positive. Out of 18 Wall Street analysts rating Proofpoint Inc, 15 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $110 while the high is $145. The stock’s average target of $130.65 is 6.26% above today’s ($122.95) share price. PFPT was included in 28 notes of analysts from November 20, 2017. The firm has “Buy” rating by Stephens given on Wednesday, February 7. The company was maintained on Friday, April 27 by Imperial Capital. The rating was maintained by BTIG Research with “Buy” on Monday, March 5. Piper Jaffray maintained the shares of PFPT in report on Friday, March 9 with “Buy” rating. Citigroup maintained it with “Buy” rating and $140 target in Monday, April 16 report. The firm has “Buy” rating given on Tuesday, February 6 by Stifel Nicolaus. The firm earned “Outperform” rating on Thursday, February 8 by Imperial Capital. The firm has “Buy” rating by Deutsche Bank given on Friday, March 16. Wedbush maintained Proofpoint, Inc. (NASDAQ:PFPT) on Friday, April 27 with “Outperform” rating. Cowen & Co maintained Proofpoint, Inc. (NASDAQ:PFPT) on Friday, April 20 with “Buy” rating.

More notable recent Proofpoint, Inc. (NASDAQ:PFPT) news were published by: Investorplace.com which released: “3 Cybersecurity Stocks That Could Roar Higher” on May 10, 2018, also Globenewswire.com with their article: “Proofpoint to Present at Upcoming Conferences” published on April 28, 2018, Globenewswire.com published: “Proofpoint Announces First Quarter 2018 Financial Results” on April 26, 2018. More interesting news about Proofpoint, Inc. (NASDAQ:PFPT) were released by: Investorplace.com and their article: “25 Unstoppable Stocks to Buy No Matter What” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Proofpoint (PFPT) Q1 2018 Results – Earnings Call Transcript” with publication date: April 27, 2018.

Proofpoint, Inc. (NASDAQ:PFPT) Institutional Positions Chart

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