Breaking: Proofpoint (NASDAQ:PFPT) “Buy” Rating Maintained at Citigroup Today; The TP Given is $140

April 17, 2018 - By Peter Erickson

Proofpoint, Inc. (NASDAQ:PFPT) Logo

Investors sentiment increased to 1.33 in Q4 2017. Its up 0.17, from 1.16 in 2017Q3. It increased, as 15 investors sold Proofpoint, Inc. shares while 85 reduced holdings. 48 funds opened positions while 85 raised stakes. 49.53 million shares or 0.18% more from 49.44 million shares in 2017Q3 were reported.

Parallax Volatility Advisers Lp reported 6,678 shares or 0% of all its holdings. 71,461 are owned by Stanley. Asset One Ltd holds 0% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT) for 12,402 shares. Atlantic Tru Grp Ltd Company accumulated 19,158 shares or 0.01% of the stock. Cetera Advisor Ltd Co holds 0.03% or 7,000 shares. Moreover, Eaton Vance has 0% invested in Proofpoint, Inc. (NASDAQ:PFPT). 238,805 are held by Axa. Eagle Asset Mngmt Inc has 831,767 shares for 0.41% of their portfolio. The Switzerland-based Jabre Ptnrs Sa has invested 0.06% in Proofpoint, Inc. (NASDAQ:PFPT). Friess Assocs Ltd Llc accumulated 1.35% or 184,000 shares. Falcon Point Capital Ltd Company holds 144,166 shares or 2.16% of its portfolio. The Japan-based Sumitomo Mitsui Asset Management has invested 0.04% in Proofpoint, Inc. (NASDAQ:PFPT). Parametric Port Associate Ltd Llc has 0.01% invested in Proofpoint, Inc. (NASDAQ:PFPT) for 60,652 shares. Manufacturers Life The holds 43,538 shares. Principal Fincl Gru reported 5,194 shares or 0% of all its holdings.

Since October 17, 2017, it had 0 buys, and 12 insider sales for $13.05 million activity. 40,000 shares were sold by Steele Gary, worth $4.10M. Swaroop Bhagwat sold $88,976 worth of stock or 900 shares. $790,016 worth of Proofpoint, Inc. (NASDAQ:PFPT) was sold by Newell Tracey. On Thursday, December 7 the insider Knight David sold $256,405.

Proofpoint (NASDAQ:PFPT) Rating Reaffirmed

In analysts report revealed to investors and clients on Monday morning, The “Buy” rating of Proofpoint (NASDAQ:PFPT) shares was reiterated by Citigroup, who now has a $140 PT on the stock. Citigroup’s PT would suggest a possible upside of 11.94 % from the last stock price of the company.

Investors sentiment increased to 1.33 in Q4 2017. Its up 0.17, from 1.16 in 2017Q3. It increased, as 15 investors sold Proofpoint, Inc. shares while 85 reduced holdings. 48 funds opened positions while 85 raised stakes. 49.53 million shares or 0.18% more from 49.44 million shares in 2017Q3 were reported.

Parallax Volatility Advisers Lp reported 6,678 shares or 0% of all its holdings. 71,461 are owned by Stanley. Asset One Ltd holds 0% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT) for 12,402 shares. Atlantic Tru Grp Ltd Company accumulated 19,158 shares or 0.01% of the stock. Cetera Advisor Ltd Co holds 0.03% or 7,000 shares. Moreover, Eaton Vance has 0% invested in Proofpoint, Inc. (NASDAQ:PFPT). 238,805 are held by Axa. Eagle Asset Mngmt Inc has 831,767 shares for 0.41% of their portfolio. The Switzerland-based Jabre Ptnrs Sa has invested 0.06% in Proofpoint, Inc. (NASDAQ:PFPT). Friess Assocs Ltd Llc accumulated 1.35% or 184,000 shares. Falcon Point Capital Ltd Company holds 144,166 shares or 2.16% of its portfolio. The Japan-based Sumitomo Mitsui Asset Management has invested 0.04% in Proofpoint, Inc. (NASDAQ:PFPT). Parametric Port Associate Ltd Llc has 0.01% invested in Proofpoint, Inc. (NASDAQ:PFPT) for 60,652 shares. Manufacturers Life The holds 43,538 shares. Principal Fincl Gru reported 5,194 shares or 0% of all its holdings.

Since October 17, 2017, it had 0 buys, and 12 insider sales for $13.05 million activity. 40,000 shares were sold by Steele Gary, worth $4.10M. Swaroop Bhagwat sold $88,976 worth of stock or 900 shares. $790,016 worth of Proofpoint, Inc. (NASDAQ:PFPT) was sold by Newell Tracey. On Thursday, December 7 the insider Knight David sold $256,405.

Proofpoint, Inc. (NASDAQ:PFPT) Ratings Coverage

Among 18 analysts covering Proofpoint Inc (NASDAQ:PFPT), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. Proofpoint Inc has $140 highest and $100 lowest target. $123.06’s average target is -1.61% below currents $125.07 stock price. Proofpoint Inc had 26 analyst reports since October 18, 2017 according to SRatingsIntel. The stock has “Buy” rating by Stephens on Wednesday, February 7. Needham maintained Proofpoint, Inc. (NASDAQ:PFPT) rating on Friday, October 20. Needham has “Buy” rating and $115.0 target. The firm has “Buy” rating by Piper Jaffray given on Friday, March 9. Cowen & Co maintained it with “Buy” rating and $115.0 target in Thursday, March 1 report. The stock has “Buy” rating by Wedbush on Wednesday, February 7. RBC Capital Markets maintained it with “Buy” rating and $103.0 target in Sunday, November 5 report. The firm has “Buy” rating by Stephens given on Wednesday, April 11. The firm earned “Buy” rating on Tuesday, February 6 by Stifel Nicolaus. Piper Jaffray maintained it with “Buy” rating and $123.0 target in Thursday, March 1 report. The rating was maintained by BTIG Research on Monday, March 5 with “Buy”.

The stock increased 0.51% or $0.64 during the last trading session, reaching $125.07. About 251,793 shares traded. Proofpoint, Inc. (NASDAQ:PFPT) has risen 50.07% since April 17, 2017 and is uptrending. It has outperformed by 38.52% the S&P500.

Analysts await Proofpoint, Inc. (NASDAQ:PFPT) to report earnings on April, 19. They expect $-0.32 EPS, up 15.79 % or $0.06 from last year’s $-0.38 per share.

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 $6.32 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.

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

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