FireEye Inc (FEYE) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. reduced its stake in FireEye Inc (NASDAQ:FEYE) by 1.7% during the first quarter, HoldingsChannel reports. The firm owned 100,062 shares of the information security company’s stock after selling 1,708 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in FireEye were worth $1,680,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of FEYE. Dimensional Fund Advisors LP raised its holdings in shares of FireEye by 60.1% during the third quarter. Dimensional Fund Advisors LP now owns 20,556 shares of the information security company’s stock valued at $349,000 after acquiring an additional 7,717 shares in the last quarter. Man Group plc raised its holdings in FireEye by 434.5% in the third quarter. Man Group plc now owns 56,399 shares of the information security company’s stock worth $958,000 after purchasing an additional 45,847 shares in the last quarter. Vanguard Group Inc. raised its holdings in FireEye by 3.7% in the third quarter. Vanguard Group Inc. now owns 16,137,591 shares of the information security company’s stock worth $274,339,000 after purchasing an additional 579,676 shares in the last quarter. Marshall Wace North America L.P. bought a new position in FireEye in the third quarter worth $8,087,000. Finally, Rehmann Capital Advisory Group raised its holdings in FireEye by 16,630.6% in the third quarter. Rehmann Capital Advisory Group now owns 18,571 shares of the information security company’s stock worth $316,000 after purchasing an additional 18,460 shares in the last quarter. Institutional investors own 73.51% of the company’s stock.

NASDAQ FEYE opened at $16.60 on Friday. FireEye Inc has a 12 month low of $14.20 and a 12 month high of $20.61. The firm has a market capitalization of $3.37 billion, a PE ratio of -23.06 and a beta of 0.92. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.03 and a current ratio of 2.04.

FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, April 30th. The information security company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). FireEye had a negative return on equity of 20.57% and a negative net margin of 29.28%. The company had revenue of $210.54 million during the quarter, compared to analysts’ expectations of $210.22 million. During the same period in the prior year, the company posted ($0.04) earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. As a group, equities analysts anticipate that FireEye Inc will post -0.51 earnings per share for the current year.

In other news, President Travis M. Reese sold 101,617 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $16.71, for a total value of $1,698,020.07. Following the sale, the president now directly owns 904,097 shares of the company’s stock, valued at $15,107,460.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Frank Verdecanna sold 55,775 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $16.71, for a total value of $932,000.25. Following the completion of the sale, the chief financial officer now directly owns 501,644 shares in the company, valued at $8,382,471.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 208,255 shares of company stock worth $3,479,941. Insiders own 2.40% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded FireEye from a “buy” rating to a “hold” rating in a report on Friday. Wedbush reiterated a “neutral” rating and issued a $18.00 price objective on shares of FireEye in a report on Wednesday. Robert W. Baird reiterated a “buy” rating and issued a $23.00 price objective on shares of FireEye in a report on Monday, April 29th. BidaskClub downgraded FireEye from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Finally, Mizuho assumed coverage on FireEye in a report on Tuesday, March 26th. They issued a “neutral” rating and a $18.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. FireEye has a consensus rating of “Hold” and a consensus price target of $19.45.

TRADEMARK VIOLATION WARNING: “FireEye Inc (FEYE) Shares Sold by Migdal Insurance & Financial Holdings Ltd.” was first reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/05/04/fireeye-inc-feye-shares-sold-by-migdal-insurance-financial-holdings-ltd.html.

FireEye Company Profile

FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.

Featured Article: How mutual funds make money

Want to see what other hedge funds are holding FEYE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FireEye Inc (NASDAQ:FEYE).

Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

Receive News & Ratings for FireEye Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FireEye and related companies with MarketBeat.com's FREE daily email newsletter.