Wells Fargo & Company Begins Coverage on Proofpoint, Inc. (PFPT)

Doris Richards
January 21, 2018

Private Wealth Partners Llc bought 47,476 shares as the company's stock rose 2.59% with the market. They set a "market perform" rating for the company. The stock increased 0.21% or $0.24 during the last trading session, reaching $113.23. About 306,960 shares traded. Oracle Corporation (NYSE:ORCL) has risen 14.08% since January 18, 2017 and is uptrending. It has underperformed by 29.77% the S&P500. Wedbush maintained Proofpoint, Inc. (NASDAQ:PFPT) latest ratings and price target changes. The stock was sold at an average price of $88.99, for a total value of $266,970.00. The firm has a market cap of $4,396.05, a P/E ratio of -45.05 and a beta of 1.32. The stock increased 0.54% or $0.53 during the last trading session, reaching $98.08. About 5.90M shares traded.

Headlines about Proofpoint (NASDAQ:PFPT) have been trending somewhat positive on Wednesday, according to Accern. It has outperformed by 35.54% the S&P500.

Pioneer Investment Management Inc, which manages about $65.36 billion and $31.40B US Long portfolio, decreased its stake in Alphabet Inc by 3,576 shares to 585,159 shares, valued at $569.78M in 2017Q3, according to the filing. Hasbro Inc. had 56 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, July 19, the company rating was maintained by Citigroup. Stifel Nicolaus has "Hold" rating and $109.0 target. The rating was maintained by Stifel Nicolaus on Monday, October 16 with "Buy". The rating was maintained by RBC Capital Markets with "Outperform" on Monday, October 19. Dougherty & Company initiated the stock with "Buy" rating in Tuesday, November 10 report. The stock has "Buy" rating by Brean Capital on Friday, July 15. The stock has "Outperform" rating by RBC Capital Markets on Thursday, June 22.

Since August 16, 2017, it had 0 insider purchases, and 16 insider sales for $20.38 million activity. $4.63M worth of stock was sold by Rendle Steven E on Thursday, October 26. The insider Steele Gary sold 40,000 shares worth $3.54 million. Its down 0.13, from 1.13 in 2017Q2. It also upped Target Corp (NYSE:TGT) stake by 48,411 shares and now owns 314,654 shares. 142 funds opened positions while 524 raised stakes. 395.35 million shares or 2.44% less from 405.25 million shares in 2017Q2 were reported. (NYSE:V). St Germain D J Co Inc has invested 0.2% of its portfolio in Visa Inc. First Mercantile Tru accumulated 9,340 shares or 0.15% of the stock. 3,300 are owned by Washington. Montag A And Assoc Incorporated invested in 0.28% or 41,150 shares. Alpha Windward Limited Liability reported 5,466 shares. Nordea Mngmt reported 0% of its portfolio in V.F. Corporation (NYSE:VFC). Seatown Pte Limited has invested 3.66% in Visa Inc. Nicholas Prtn Limited Partnership stated it has 46,150 shares or 0.28% of all its holdings. (NASDAQ:PFPT). Tiverton Asset Mngmt Lc accumulated 69,986 shares. World Asset accumulated 36,731 shares. Trexquant Invest Limited Partnership holds 0.16% or 7,127 shares in its portfolio. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the stock. Therefore 79% are positive. Proofpoint Inc had 77 analyst reports since July 24, 2015 according to SRatingsIntel. Northland Capital has "Outperform" rating and $85 target. Needham maintained the shares of PFPT in report on Monday, September 11 with "Buy" rating. The stock has "Overweight" rating by Morgan Stanley on Thursday, July 20. On Monday, September 7 the stock rating was downgraded by Zacks to "Sell". Evercore ISI reiterated a buy rating and set a $105.00 price target on shares of Proofpoint in a research report on Wednesday, September 6th. The stock of Proofpoint, Inc. (NASDAQ:PFPT) on Friday, January 27 with "Outperform" rating. Robert W. Baird reaffirmed a "hold" rating and set a $95.00 price target on shares of Proofpoint in a research report on Friday, October 13th.

United Services Automobile Association increased Spdr Barclays Short Term Corporate Bond Etf (SCPB) stake by 182,635 shares to 1.24M valued at $38.14 million in 2017Q3. For the next year, analysts expect that the firm will report earnings of $1.02 per share, with EPS estimates ranging from $0.98 to $1.10. The ratio turned negative, as 119 active investment managers increased or opened new holdings, while 103 reduced and sold positions in Proofpoint Inc. Moreover, Crow Point Prtnrs Ltd Llc has 0.1% invested in Proofpoint, Inc. (NASDAQ:PFPT) in a report released on Wednesday morning.

United Services Automobile Association decreased Proofpoint Inc (PFPT) stake by 11.55% reported in 2017Q3 SEC filing. (NASDAQ:PFPT). Barclays Public Ltd Com reported 4,595 shares. Angelo Gordon & Communications LP has 41,500 shares. Brown Brothers Harriman And reported 167 shares. Td Asset Mngmt holds 0.01% or 89,257 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 20,463 shares. Bnp Paribas Arbitrage Sa holds 8,828 shares or 0% of its portfolio. (NASDAQ:PFPT) for 35,623 shares. South State Corp holds 138,350 shares.

Proofpoint Inc (NASDAQ:PFPT) institutional sentiment decreased to 1.16 in Q3 2017. (NASDAQ:PFPT) for 10,930 shares.

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