FireEye (NASDAQ:FEYE) Stock Upgrade
In an interesting research report sent to clients and investors on Tuesday morning, Citigroup increased shares of FireEye (NASDAQ:FEYE) to a Buy. The previous rating for FEYE was a Neutral.
From a total of 21 analysts covering Fireeye Inc (NASDAQ:FEYE) stock, 10 rate it a ”Buy”, 1 a “Sell”, and 20 a ”Hold”. This means that 32% of the ratings are positive. The highest target price is $51 while the lowest target price is $25. The mean of all analyst targets is $32.43 with a 74.98% above today’s ($21.54) stock price. Fireeye Inc was the topic of 29 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Citigroup upgraded shares on December 8 to “Buy” rating. Morgan Stanley maintained shares with “Equal-Weight” rating and $26 target share price in a report from a November 5. Deutsche Bank maintained FEYE stock in a recent report from November 5 with “Hold” rating. Wedbush maintained the rating on November 5. Wedbush has a “Neutral” rating and a $27 price target on shares. Finally, Bank of America downgraded the stock to “Neutral” rating in a report issued on a November 5.
The stock increased 6.69% or $1.35 during the last trading session, striking $21.54. Approximately shares of stock traded hands. FireEye Inc (NASDAQ:FEYE) has declined 46.28% since May 6, 2015 and is downtrending. It has underperformed by 45.49% the S&P500.
The overall sentiment of institutions has decreased to 1.31 in Q2 2015. Its down 0.27, from 1.58 in 2015Q2. The ratio worsened, as 73 institutions have sold all the shares of FireEye Inc that they owned while 86 funds have taken shares off the table. 41 funds have purchased shares for the first time while 167 added to their positions. These institutions now hold 101.75 million shares or 11.68% more than the 91.11 million shares they owned in 2015Q2.
The Fund Trellus Management Company Llc currently is holding shares equating to 12.83% of its total portfolio in FireEye Inc representing a total of 274,788 shares. Another fund,Terril Brothers Inc., is holding a total of 968,100 shares equating to 9.97% of their holdings. Additionally, Messner & Smith Theme Value Investment Management Ltd Ca has a 79,459 share stake in FireEye Inc which represents 5% of their total portfolio. The Fund, Bodri Capital Management Llc, based out of California, has also built up a stake in the stock, which represents a total of 4.75% of their total portfolio. Finally Srs Investment Management Llc, a fund which is based in the state of New York reported a total holdings of 4.48 million shares.
Insider activity is a very important aspect to track on any stock. Going back to March 9, 2015, shareholders of FireEye Inc have witnessed 0 buys, and a total of 11 sales equating to a net activity of approximately $41.39 million . Aziz Ashar sold 188,434 shares worth approximately $5.50 million. Codd Ronald E F sold 3,000 shares worth approximately $91,170. Mcgee John T sold 17,542 shares worth approximately $749,203. King Alexa sold 13,000 shares worth approximately $681,562. The company insider Lentz Robert F sold 72,728 shares worth $3.50 million.
FireEye, Inc. provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The company has a market cap of $3.24 billion. The Company’s cybersecurity solutions combine its virtual-machine technology, threat intelligence and security in a suite of services and products. It currently has negative earnings. The Company’s virtual machine technology delivers detection and prevention, and to provide real-time protection to enterprises and governments across the world.
According to Zacks Investment Research, “FireEye Inc. provides security platform for cyber-attacks to enterprises and governments. The Company offers web security, email security, file security and malware analysis. It provides products and services through distributors, resellers and strategic partners primarily in the United States, the Asia Pacific, Japan, Europe, the Middle East, Africa and internationally. FireEye Inc. is headquartered in Milpitas, California.” Get a free copy of the Zacks research report on FireEye Inc (FEYE).