Proofpoint INC (PFPT) Stock Price Declined While Engineers Gate Manager LP Has Decreased by $4.19 Million Its Stake

Proofpoint, Inc. (NASDAQ:PFPT) LogoInvestors sentiment increased to 1.25 in Q2 2018. Its up 0.41, from 0.84 in 2018Q1. It is positive, as 22 investors sold PFPT shares while 90 reduced holdings. 57 funds opened positions while 83 raised stakes. 46.73 million shares or 5.46% less from 49.43 million shares in 2018Q1 were reported. Brown Advisory Secs Ltd holds 5,295 shares. Brighton Jones Limited Liability Company reported 2,312 shares. Point72 Asset Mngmt LP has invested 0% in Proofpoint, Inc. (NASDAQ:PFPT). Hudson Bay Management LP stated it has 61,633 shares or 0.1% of all its holdings. Cap Fund Sa accumulated 22,820 shares. Amalgamated State Bank invested in 0.03% or 11,754 shares. Bnp Paribas Asset Mngmt Holdg Sa reported 0.24% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT). Assetmark Inc reported 441 shares stake. Prudential Financial Inc holds 0% in Proofpoint, Inc. (NASDAQ:PFPT) or 2,450 shares. Pillar Pacific Cap Mgmt Ltd, a California-based fund reported 7,000 shares. First Limited Partnership invested 0.05% in Proofpoint, Inc. (NASDAQ:PFPT). Natixis reported 5,828 shares or 0% of all its holdings. Goldman Sachs Group Incorporated invested in 0.03% or 1.00M shares. Eventide Asset Mgmt Limited Liability Corporation reported 158,000 shares. Aperio Gru Limited Liability Corporation accumulated 9,633 shares.

Since May 17, 2018, it had 0 insider purchases, and 13 sales for $23.94 million activity. Auvil Paul R. III sold $4.64 million worth of Proofpoint, Inc. (NASDAQ:PFPT) on Wednesday, September 5. On Tuesday, September 4 Swaroop Bhagwat sold $192,698 worth of Proofpoint, Inc. (NASDAQ:PFPT) or 1,634 shares. 1,040 shares were sold by Johnson Michael M, worth $119,913. Another trade for 4,711 shares valued at $579,307 was made by Lee Robert Darren on Wednesday, June 6. Hahn Eric had sold 5,000 shares worth $623,235. Steele Gary sold 50,000 shares worth $4.93 million.

Engineers Gate Manager Lp decreased its stake in Proofpoint Inc (PFPT) by 61.23% based on its latest 2018Q2 regulatory filing with the SEC. Engineers Gate Manager Lp sold 36,463 shares as the company’s stock declined 8.65% while stock markets rallied. The institutional investor held 23,087 shares of the technology company at the end of 2018Q2, valued at $2.66 million, down from 59,550 at the end of the previous reported quarter. Engineers Gate Manager Lp who had been investing in Proofpoint Inc for a number of months, seems to be less bullish one the $4.93 billion market cap company. The stock increased 0.13% or $0.12 during the last trading session, reaching $90.17. About 201,993 shares traded. Proofpoint, Inc. (NASDAQ:PFPT) has risen 26.93% since November 14, 2017 and is uptrending. It has outperformed by 11.31% the S&P500.

Engineers Gate Manager Lp, which manages about $645.79 million and $1.28 billion US Long portfolio, upped its stake in Marriott Vacations Wrldwde C (NYSE:VAC) by 37,330 shares to 41,530 shares, valued at $4.69 million in 2018Q2, according to the filing. It also increased its holding in Coherent Inc (NASDAQ:COHR) by 34,088 shares in the quarter, for a total of 35,974 shares, and has risen its stake in Wildhorse Resource Dev Corp.

More notable recent Proofpoint, Inc. (NASDAQ:PFPT) news were published by: Globenewswire.com which released: “Proofpoint Announces Third Quarter 2018 Financial Results” on October 25, 2018, also Nasdaq.com with their article: “Market Trends Toward New Normal in Teledyne Technologies, Hershey, Proofpoint, US Silica, World Fuel Services …” published on October 30, 2018, Benzinga.com published: “Goldman Sachs, KeyBanc Turn Bullish On Proofpoint” on October 29, 2018. More interesting news about Proofpoint, Inc. (NASDAQ:PFPT) were released by: Globenewswire.com and their article: “Proofpoint Signs New Corporate Headquarters Lease in Sunnyvale, California” published on November 07, 2018 as well as Seekingalpha.com‘s news article titled: “Proofpoint: Buy Shares Following Post-Earnings Weakness” with publication date: October 27, 2018.

Proofpoint, Inc. (NASDAQ:PFPT) Ratings Coverage

Among 6 analysts covering Proofpoint (NASDAQ:PFPT), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Proofpoint had 7 analyst reports since July 27, 2018 according to SRatingsIntel. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Monday, October 29. As per Friday, October 26, the company rating was maintained by Wells Fargo. The stock has “Hold” rating by Deutsche Bank on Friday, October 26. As per Friday, July 27, the company rating was maintained by Stifel Nicolaus. The firm has “Overweight” rating given on Monday, October 29 by Morgan Stanley. On Monday, October 29 the stock rating was upgraded by Goldman Sachs to “Buy”. Morgan Stanley maintained it with “Overweight” rating and $139 target in Friday, July 27 report.

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

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