Proofpoint Inc (NASDAQ:PFPT) Sentiment Change Report

Proofpoint, Inc. (NASDAQ:PFPT) Logo

Sentiment for Proofpoint Inc (NASDAQ:PFPT)

Proofpoint Inc (NASDAQ:PFPT) institutional sentiment increased to 1.25 in 2018 Q2. Its up 0.41, from 0.84 in 2018Q1. The ratio improved, as 140 investment managers increased or opened new holdings, while 112 sold and decreased holdings in Proofpoint Inc. The investment managers in our partner’s database now possess: 46.73 million shares, down from 49.43 million shares in 2018Q1. Also, the number of investment managers holding Proofpoint Inc in their top 10 holdings was flat from 5 to 5 for the same number . Sold All: 22 Reduced: 90 Increased: 83 New Position: 57.

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 market cap of $5.12 billion. It offers threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery, and secure communication solutions. It currently 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.

The stock increased 1.20% or $1.11 during the last trading session, reaching $93.68. About 426,284 shares traded. Proofpoint, Inc. (NASDAQ:PFPT) has risen 26.93% since December 6, 2017 and is uptrending. It has outperformed by 11.31% the S&P500.

Analysts await Proofpoint, Inc. (NASDAQ:PFPT) to report earnings on February, 5. After $-0.31 actual EPS reported by Proofpoint, Inc. for the previous quarter, Wall Street now forecasts 12.90 % negative EPS growth.

Glynn Capital Management Llc holds 2.87% of its portfolio in Proofpoint, Inc. for 115,410 shares. Falcon Point Capital Llc owns 103,132 shares or 2.34% of their US portfolio. Moreover, Zevenbergen Capital Investments Llc has 2.17% invested in the company for 566,864 shares. The Massachusetts-based De Burlo Group Inc has invested 2.07% in the stock. Avalon Global Asset Management Llc, a California-based fund reported 45,000 shares.

Since January 1, 0001, it had 0 insider purchases, and 13 insider sales for $28.12 million activity.

Proofpoint, Inc. (NASDAQ:PFPT) Ratings Coverage

Ratings analysis reveals 86% of Proofpoint’s analysts are positive. Out of 7 Wall Street analysts rating Proofpoint, 6 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $95 while the high is $139. The stock’s average target of $113.43 is 21.08% above today’s ($93.68) share price. PFPT was included in 8 notes of analysts from July 27, 2018. Goldman Sachs upgraded Proofpoint, Inc. (NASDAQ:PFPT) on Monday, October 29 to “Buy” rating. The company was maintained on Monday, October 29 by Morgan Stanley. As per Friday, October 26, the company rating was maintained by Wells Fargo. Morgan Stanley maintained it with “Overweight” rating and $139 target in Friday, July 27 report. The rating was downgraded by Deutsche Bank on Friday, October 26 to “Hold”. The firm has “Buy” rating given on Friday, July 27 by Stifel Nicolaus. The firm has “Overweight” rating given on Monday, October 29 by KeyBanc Capital Markets.

More notable recent Proofpoint, Inc. (NASDAQ:PFPT) news were published by: Benzinga.com which released: “Goldman Sachs, KeyBanc Turn Bullish On Proofpoint (NASDAQ:PFPT) – Benzinga” on October 29, 2018, also Nasdaq.com with their article: “What You Missed Out by Overlooking Proofpoint (PFPT) Stock – Nasdaq” published on June 22, 2018, Benzinga.com published: “Goldman Sachs Explains Why Its Proofpoint (NASDAQ:PFPT) Call Was ‘Wrong’ – Benzinga” on April 10, 2018. More interesting news about Proofpoint, Inc. (NASDAQ:PFPT) were released by: Seekingalpha.com and their article: “Proofpoint: High Top-Line Growth, But Profitability Still Not In Sight – Seeking Alpha” published on October 25, 2018 as well as Nasdaq.com‘s news article titled: “Proofpoint (PFPT) to Report Q2 Earnings: What’s in Store? – Nasdaq” with publication date: July 24, 2018.

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

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