Wedbush reissued their outperform rating on shares of Proofpoint (NASDAQ:PFPT) in a report released on Wednesday, January 3rd. They currently have a $108.00 price objective on the software maker’s stock.

A number of other equities research analysts also recently issued reports on the company. Evercore ISI reissued a buy rating and set a $105.00 price target on shares of Proofpoint in a research report on Wednesday, November 22nd. Northland Securities reissued a buy rating and set a $100.00 price target on shares of Proofpoint in a research report on Thursday, September 7th. UBS Group began coverage on Proofpoint in a research note on Tuesday, October 31st. They set a market perform rating on the stock. Piper Jaffray Companies set a $105.00 price objective on Proofpoint and gave the stock a buy rating in a research note on Friday, October 20th. Finally, Robert W. Baird reiterated a hold rating and issued a $95.00 price target on shares of Proofpoint in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $103.00.

Shares of Proofpoint (NASDAQ:PFPT) opened at $102.65 on Wednesday. Proofpoint has a 1 year low of $70.30 and a 1 year high of $104.62. The company has a debt-to-equity ratio of 11.57, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market capitalization of $4,600.00, a price-to-earnings ratio of -46.45 and a beta of 1.32.

In other Proofpoint news, CEO Gary Steele sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $90.88, for a total value of $3,635,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tracey Newell sold 8,183 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $96.54, for a total value of $789,986.82. Following the completion of the sale, the executive vice president now owns 23,376 shares of the company’s stock, valued at $2,256,719.04. The disclosure for this sale can be found here. Insiders sold a total of 165,549 shares of company stock valued at $14,900,426 over the last three months. Corporate insiders own 5.96% of the company’s stock.

Several large investors have recently made changes to their positions in PFPT. Great West Life Assurance Co. Can lifted its position in shares of Proofpoint by 35.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 5,247 shares of the software maker’s stock valued at $455,000 after acquiring an additional 1,370 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Proofpoint by 5.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 224,035 shares of the software maker’s stock valued at $19,453,000 after purchasing an additional 11,023 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Proofpoint by 8.8% in the second quarter. Legal & General Group Plc now owns 15,503 shares of the software maker’s stock valued at $1,344,000 after purchasing an additional 1,250 shares in the last quarter. Comerica Bank lifted its holdings in shares of Proofpoint by 0.4% in the second quarter. Comerica Bank now owns 13,207 shares of the software maker’s stock valued at $1,210,000 after purchasing an additional 51 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Proofpoint by 190.3% in the second quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the software maker’s stock valued at $617,000 after purchasing an additional 4,660 shares in the last quarter.

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About Proofpoint

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

Analyst Recommendations for Proofpoint (NASDAQ:PFPT)

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