May 21, 2018

Hedge Funds Now Own 70.1% Of FireEye, Inc. (FEYE)

11 February 2018, 05:06 | Lorenzo Hawkins

Fire Eye shares were up 3.67

Fire Eye shares were up 3.67

Finally, Evercore ISI restated a buy rating and set a $20.00 price objective on shares of FireEye in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock.

However, with the numbers adjusted, the vendor reported a non-GAAP operating profit of $2.9m. Susquehanna Bancshares upgraded shares of FireEye from a "neutral" rating to a "positive" rating in a report on Friday. The company has a consensus rating of "Buy" and an average price target of $18.09. Analysts reported that the Price Target for FireEye, Inc. might touch $22 high while the Average Price Target and Low price Target is $16.92 and $8 respectively. Verition Fund Management LLC now owns 12,769 shares of the information security company's stock valued at $194,000 after buying an additional 469 shares in the last quarter.

Shares of FireEye Inc (NASDAQ:FEYE) opened at $14.12 on Friday. FireEye Inc has a 12 month low of $10.35 and a 12 month high of $17.51. The biggest holder now is Mr. David G. Dewalt who owns 4,336,947 shares (2.35% of those outstanding), whilst Mr. Kevin R. Mandia holds 2,742,775 (1.49% of shares outstanding) and Michael J. Sheridan holds 1,157,910 (0.63% of shares outstanding).

For the current quarter, 23 analysts are projecting a mean EPS of $-0.05/share.

FireEye, Inc. (NASDAQ:FEYE) yearly performance is 28.25% and net profit margin is -39.30%.

Looking forward, for the quarter ending Mar-18, 21 analysts have a mean sales target of 186.74 million. Equities research analysts predict that FireEye Inc will post ($0.21) EPS for the current year. Net earnings for the quarter were posted at -$0.04 per share, whereas Wall Street had forecast -$0.07 per share. The shares were sold at an average price of $13.57, for a total value of $91,828.19. Following the transaction, the director now owns 7,099 shares in the company, valued at approximately $96,333.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Several hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company's stock valued at $101,000 after buying an additional 1,528 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its position in shares of FireEye by 1.4% during the 2nd quarter. Resources Investment Advisors Inc. now owns 7,330 shares of the information security company's stock valued at $104,000 after buying an additional 3,607 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of FireEye by 1.2% during the 1st quarter. Finally, K.J. Harrison & Partners Inc purchased a new position in FireEye during the third quarter worth about $168,000. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company's stock valued at $141,000 after acquiring an additional 1,252 shares in the last quarter.

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Mandia said that FireEye's endpoint protection, threat intelligence and Mandiant services arms all had their best ever quarters and singled out the channel as playing a key role in the improved financial performance.

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