California State Teachers Retirement System Raises Holdings in Proofpoint Inc (PFPT)

California State Teachers Retirement System increased its holdings in Proofpoint Inc (NASDAQ:PFPT) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,197 shares of the software maker’s stock after buying an additional 1,785 shares during the quarter. California State Teachers Retirement System owned about 0.14% of Proofpoint worth $6,638,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brown Advisory Securities LLC grew its stake in shares of Proofpoint by 8.3% during the 4th quarter. Brown Advisory Securities LLC now owns 6,040 shares of the software maker’s stock worth $500,000 after purchasing an additional 463 shares during the period. Stifel Financial Corp grew its stake in Proofpoint by 69.9% in the 4th quarter. Stifel Financial Corp now owns 146,138 shares of the software maker’s stock valued at $12,312,000 after acquiring an additional 60,143 shares during the period. Granite Investment Partners LLC grew its stake in Proofpoint by 47.5% in the 4th quarter. Granite Investment Partners LLC now owns 51,064 shares of the software maker’s stock valued at $4,280,000 after acquiring an additional 16,443 shares during the period. Flinton Capital Management LLC grew its stake in Proofpoint by 39.5% in the 4th quarter. Flinton Capital Management LLC now owns 4,800 shares of the software maker’s stock valued at $402,000 after acquiring an additional 1,360 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Proofpoint by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 86,500 shares of the software maker’s stock valued at $7,251,000 after acquiring an additional 3,269 shares during the period. Institutional investors own 95.85% of the company’s stock.

Shares of NASDAQ PFPT traded up $0.35 during trading on Monday, hitting $122.90. 383,518 shares of the company were exchanged, compared to its average volume of 601,042. Proofpoint Inc has a 12-month low of $75.92 and a 12-month high of $130.27. The firm has a market cap of $6.78 billion, a PE ratio of -106.87 and a beta of 1.83.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Thursday, January 31st. The software maker reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.15. The firm had revenue of $198.48 million during the quarter, compared to the consensus estimate of $192.92 million. Proofpoint had a negative return on equity of 12.20% and a negative net margin of 14.47%. As a group, equities research analysts expect that Proofpoint Inc will post -1.18 earnings per share for the current fiscal year.

A number of research firms recently issued reports on PFPT. Wedbush reissued an “outperform” rating and issued a $130.00 price target on shares of Proofpoint in a research note on Friday. Bank of America initiated coverage on Proofpoint in a report on Friday. They issued a “buy” rating and a $155.00 price objective on the stock. BidaskClub upgraded Proofpoint from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 10th. Piper Jaffray Companies raised their price objective on Proofpoint from $120.00 to $136.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, Mizuho initiated coverage on Proofpoint in a report on Tuesday, March 26th. They issued a “neutral” rating and a $120.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Proofpoint has a consensus rating of “Buy” and a consensus price target of $126.68.

In related news, SVP Robert Darren Lee sold 8,031 shares of the firm’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $114.43, for a total transaction of $918,987.33. Following the completion of the sale, the senior vice president now directly owns 6,698 shares of the company’s stock, valued at approximately $766,452.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bhagwat Swaroop sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $118.09, for a total value of $118,090.00. Following the sale, the executive vice president now directly owns 3,451 shares of the company’s stock, valued at $407,528.59. The disclosure for this sale can be found here. Insiders have sold a total of 102,958 shares of company stock valued at $12,333,570 over the last three months. Corporate insiders own 3.37% of the company’s stock.

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About Proofpoint

Proofpoint, Inc operates as a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ‘drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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