First Republic Investment Management Inc. Acquires 9,606 Shares of FireEye Inc (NASDAQ:FEYE)

First Republic Investment Management Inc. increased its stake in shares of FireEye Inc (NASDAQ:FEYE) by 43.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,535 shares of the information security company’s stock after acquiring an additional 9,606 shares during the period. First Republic Investment Management Inc.’s holdings in FireEye were worth $467,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oakworth Capital Inc. bought a new stake in FireEye during the second quarter worth about $26,000. Joseph P. Lucia & Associates LLC acquired a new position in FireEye during the first quarter worth approximately $60,000. Enterprise Trust & Investment Co acquired a new position in FireEye during the second quarter worth approximately $89,000. TRUE Private Wealth Advisors acquired a new position in FireEye during the second quarter worth approximately $131,000. Finally, Advisors Asset Management Inc. increased its position in FireEye by 214.7% during the first quarter. Advisors Asset Management Inc. now owns 7,858 shares of the information security company’s stock worth $132,000 after buying an additional 5,361 shares during the last quarter. Institutional investors and hedge funds own 74.10% of the company’s stock.

A number of brokerages have weighed in on FEYE. Bank of America set a $20.00 price target on FireEye and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Oppenheimer set a $19.00 price target on FireEye and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Nomura began coverage on FireEye in a research report on Tuesday, August 6th. They set a “buy” rating and a $16.00 price target on the stock. Robert W. Baird reissued a “buy” rating and set a $23.00 price target on shares of FireEye in a research report on Wednesday, May 29th. Finally, Evercore ISI reissued a “buy” rating and set a $25.00 price target on shares of FireEye in a research report on Sunday, June 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. FireEye presently has a consensus rating of “Hold” and an average target price of $19.27.

In other news, CFO Frank Verdecanna sold 10,525 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $13.29, for a total value of $139,877.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Travis M. Reese sold 15,616 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $14.69, for a total value of $229,399.04. Following the completion of the transaction, the president now owns 885,325 shares of the company’s stock, valued at $13,005,424.25. The disclosure for this sale can be found here. Insiders sold a total of 32,457 shares of company stock valued at $453,216 over the last quarter. 2.40% of the stock is owned by corporate insiders.

NASDAQ:FEYE traded down $0.08 during trading hours on Friday, reaching $13.93. 2,208,052 shares of the company were exchanged, compared to its average volume of 3,678,184. The business has a 50 day moving average of $13.81 and a 200 day moving average of $15.19. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.56 and a quick ratio of 1.55. FireEye Inc has a 1-year low of $12.66 and a 1-year high of $20.61. The company has a market capitalization of $2.98 billion, a P/E ratio of -19.34 and a beta of 0.96.

FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, July 30th. The information security company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.16. FireEye had a negative return on equity of 19.56% and a negative net margin of 28.13%. The firm had revenue of $218.00 million during the quarter, compared to analysts’ expectations of $215.45 million. FireEye’s revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts anticipate that FireEye Inc will post -0.71 earnings per share for the current fiscal year.

FireEye Profile

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.

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Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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