Maverick Capital Ltd. Raises Stock Holdings in FireEye Inc (NASDAQ:FEYE)

Maverick Capital Ltd. raised its position in shares of FireEye Inc (NASDAQ:FEYE) by 3.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,801 shares of the information security company’s stock after acquiring an additional 13,445 shares during the period. Maverick Capital Ltd. owned approximately 0.16% of FireEye worth $3,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of FEYE. Nisa Investment Advisors LLC bought a new stake in FireEye during the first quarter valued at about $39,000. Altshuler Shaham Ltd purchased a new stake in FireEye in the first quarter valued at about $47,000. KBC Group NV raised its stake in FireEye by 400.0% in the fourth quarter. KBC Group NV now owns 3,000 shares of the information security company’s stock valued at $50,000 after buying an additional 2,400 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in FireEye in the first quarter valued at about $53,000. Finally, PNC Financial Services Group Inc. raised its stake in FireEye by 20.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,848 shares of the information security company’s stock valued at $79,000 after buying an additional 807 shares during the last quarter. 73.72% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on FEYE. BMO Capital Markets reduced their price objective on FireEye from $17.00 to $12.50 and set a “market perform” rating for the company in a research note on Monday, April 13th. Goldman Sachs Group reduced their price objective on FireEye from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, March 20th. TheStreet lowered FireEye from a “c-” rating to a “d+” rating in a report on Wednesday, April 29th. Wedbush reaffirmed a “hold” rating and set a $12.00 target price on shares of FireEye in a report on Wednesday, April 29th. Finally, Stifel Nicolaus dropped their target price on FireEye from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $15.91.

Shares of FEYE stock traded down $0.48 on Wednesday, hitting $12.07. The stock had a trading volume of 1,087,003 shares, compared to its average volume of 5,482,619. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.50 and a quick ratio of 1.49. The firm has a market capitalization of $2.80 billion, a P/E ratio of -10.03 and a beta of 1.04. FireEye Inc has a 1 year low of $7.54 and a 1 year high of $18.34. The company’s 50 day moving average price is $12.16 and its 200-day moving average price is $13.57.

FireEye (NASDAQ:FEYE) last released its earnings results on Tuesday, April 28th. The information security company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. FireEye had a negative return on equity of 18.26% and a negative net margin of 28.60%. The firm had revenue of $224.72 million during the quarter, compared to analysts’ expectations of $221.65 million. During the same period in the previous year, the firm posted ($0.03) EPS. FireEye’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities analysts forecast that FireEye Inc will post -0.51 EPS for the current year.

About FireEye

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.

Further Reading: Diluted Earnings Per Share

Institutional Ownership by Quarter for FireEye (NASDAQ:FEYE)

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