Proofpoint, Inc. (PFPT) Surges to Record High at $125.97

April 16, 2018 - By Pearl Odom

Proofpoint, Inc. (NASDAQ:PFPT) Corporate Logo

Big Money Sentiment increased to 1.33 in Q4 2017. It has change of 0.17, from 2017Q3’s 1.16. The ratio increased due to Proofpoint, Inc. positioning: 15 sold and 85 reduced. 48 funds acquired positions and 85 increased positions. Investors holded 49.44 million in 2017Q3 but now own 49.53 million shares or 0.18% more.
Verition Fund Mgmt Llc reported 23,075 shs or 0.19% of all its holdings. Deutsche Bancshares Ag invested in 264,639 shs or 0.02% of the stock. Price T Rowe Associates Md invested 0.06% in Proofpoint, Inc. (NASDAQ:PFPT). Macquarie Group Inc Limited holds 952,921 shs or 0.15% of its capital. Eaton Vance holds 7,763 shs or 0% of its capital. Great West Life Assurance Can has 5,247 shs for 0% of their capital. 132,582 were accumulated by Ameriprise Inc. The New York-based Bancorp Of Mellon Corp has invested 0.03% in Proofpoint, Inc. (NASDAQ:PFPT). Blair William & Co Il invested 0% of its capital in Proofpoint, Inc. (NASDAQ:PFPT). Crow Point Prtn Lc holds 0.03% of its capital in Proofpoint, Inc. (NASDAQ:PFPT) for 1,954 shs. Bancorp Of Montreal Can stated it has 0% of its capital in Proofpoint, Inc. (NASDAQ:PFPT). Moreover, Bankshares Of America De has 0% invested in Proofpoint, Inc. (NASDAQ:PFPT) for 216,941 shs. Jennison Associate Limited Liability Corp accumulated 0.03% or 339,341 shs. Cetera Advisor Network Limited Liability reported 0.03% stake. Employees Retirement Sys Of Texas, Texas-based fund reported 40,000 shs.

Proofpoint, Inc. had 12 sales and 0 buys since October 17, 2017. This’s net activity of $13.05 million. On Wednesday, January 17 8,183 shs were sold by Newell Tracey, worth $790,016. On Thursday, February 15 a trade for 40,000 shs valued at $4.10 million was made by Steele Gary. Swaroop Bhagwat had sold 900 shs worth $88,976. 3,000 shs valued at $256,405 were sold by Knight David on Thursday, December 7.

Today, Apr, 16 Proofpoint, Inc. (NASDAQ:PFPT) with $125.97 share price, touched all time high. $134.79 price target or 7.00 % above is our PT. This stock pattern was posted by Barchart.com. It has $6.37B MC. At our $134.79 price target, the company worth will be $445.69M more.

On during the last trading session the stock increased $4.61 or 3.80%, reaching $125.97.Proofpoint, Inc. has volume of 255,957 shares. Since April 16, 2017 PFPT has risen 50.07% and is uptrending. PFPT outperformed the S&P500 by 38.52%.

Analysts await Proofpoint, Inc. (NASDAQ:PFPT) to report earnings on April, 19. They expect $-0.32 earnings per share, up 15.79 % or $0.06 from last year’s $-0.38 per share.

Proofpoint, Inc. (NASDAQ:PFPT) Ratings Coverage

Total analysts of 18 have positions in Proofpoint Inc (NASDAQ:PFPT) as follows: 14 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 78%. Since October 18, 2017 according to StockzIntelligence Inc Proofpoint Inc has 26 analyst reports. In Tuesday, April 10 report Goldman Sachs upgraded the stock to “Hold” rating. The stock rating was maintained by Northland Capital with “Buy” on Wednesday, February 7. On Tuesday, January 30 the firm has “Overweight” rating by Morgan Stanley given. On Wednesday, February 7 Robert W. Baird maintained Proofpoint, Inc. (NASDAQ:PFPT) with “Neutral” rating. In Monday, November 20 report KeyBanc Capital Markets maintained the stock with “Hold” rating. In Friday, March 16 report Deutsche Bank maintained it with “Buy” rating and $140 target. On Thursday, March 22 Morgan Stanley maintained Proofpoint, Inc. (NASDAQ:PFPT) rating. Morgan Stanley has “Overweight” rating and $135 target. On Wednesday, February 7 the stock of Proofpoint, Inc. (NASDAQ:PFPT) earned “Buy” rating by Stephens. On Monday, April 16 Citigroup maintained the shares of PFPT in report with “Buy” rating. On Friday, March 9 the stock of Proofpoint, Inc. (NASDAQ:PFPT) has “Buy” rating given by Piper Jaffray.

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 $6.37 billion market cap. It offers threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery, and secure communication solutions.Currently it 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.

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

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