FireEye Inc (FEYE) Position Lessened by OLD National Bancorp IN

OLD National Bancorp IN decreased its position in shares of FireEye Inc (NASDAQ:FEYE) by 51.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,232 shares of the information security company’s stock after selling 12,818 shares during the period. OLD National Bancorp IN’s holdings in FireEye were worth $198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in FEYE. Point72 Asset Management L.P. purchased a new position in shares of FireEye during the third quarter valued at approximately $75,475,000. Fisher Asset Management LLC lifted its stake in shares of FireEye by 41.4% during the third quarter. Fisher Asset Management LLC now owns 3,212,043 shares of the information security company’s stock valued at $54,605,000 after buying an additional 939,932 shares during the period. Vanguard Group Inc lifted its stake in shares of FireEye by 3.7% during the third quarter. Vanguard Group Inc now owns 16,137,591 shares of the information security company’s stock valued at $274,339,000 after buying an additional 579,676 shares during the period. Vanguard Group Inc. lifted its stake in shares of FireEye by 3.7% during the third quarter. Vanguard Group Inc. now owns 16,137,591 shares of the information security company’s stock valued at $274,339,000 after buying an additional 579,676 shares during the period. Finally, Marshall Wace North America L.P. purchased a new position in FireEye during the third quarter worth approximately $8,087,000. 73.45% of the stock is currently owned by institutional investors and hedge funds.

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In other news, President Travis M. Reese sold 3,094 shares of the stock in a transaction on Friday, November 16th. The shares were sold at an average price of $18.66, for a total value of $57,734.04. Following the completion of the sale, the president now owns 711,966 shares of the company’s stock, valued at $13,285,285.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William T. Robbins sold 6,187 shares of the stock in a transaction on Friday, November 16th. The stock was sold at an average price of $18.66, for a total transaction of $115,449.42. Following the completion of the sale, the executive vice president now directly owns 228,257 shares of the company’s stock, valued at approximately $4,259,275.62. The disclosure for this sale can be found here. Insiders sold 9,815 shares of company stock valued at $183,148 in the last three months. Company insiders own 2.40% of the company’s stock.

FEYE has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of FireEye from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. BidaskClub raised shares of FireEye from a “hold” rating to a “buy” rating in a research note on Friday, January 11th. Morgan Stanley downgraded shares of FireEye from an “overweight” rating to an “equal weight” rating and set a $21.00 price target on the stock. in a research note on Thursday, December 13th. BTIG Research downgraded shares of FireEye from a “buy” rating to a “neutral” rating and set a $16.30 price target on the stock. in a research note on Thursday. Finally, Robert W. Baird initiated coverage on shares of FireEye in a research note on Wednesday, October 17th. They set an “outperform” rating and a $22.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $19.82.

FireEye stock opened at $16.28 on Friday. FireEye Inc has a 52-week low of $13.97 and a 52-week high of $20.61. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.01 and a current ratio of 2.02.

FireEye (NASDAQ:FEYE) last released its quarterly earnings data on Wednesday, February 6th. The information security company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.02. FireEye had a negative net margin of 29.26% and a negative return on equity of 21.43%. The company had revenue of $217.53 million during the quarter, compared to analyst estimates of $216.79 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts predict that FireEye Inc will post -0.54 EPS for the current fiscal year.

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FireEye Company Profile

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, respond to, and remediate cyber-attacks. It offers vector-specific appliance, virtual appliance, and cloud-based solutions to detect and block known and unknown cyber-attacks. The company provides threat detection and prevention solutions, including network security products, email security solutions, and endpoint security solutions.

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