Glynn Capital Management LLC cut its holdings in Proofpoint Inc (NASDAQ:PFPT) by 7.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,276 shares of the software maker’s stock after selling 14,408 shares during the quarter. Proofpoint accounts for 4.0% of Glynn Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Glynn Capital Management LLC’s holdings in Proofpoint were worth $21,891,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Proofpoint in the fourth quarter worth $75,000. Mondrian Capital Management LLC acquired a new position in Proofpoint in the fourth quarter valued at $84,000. AdvisorNet Financial Inc increased its stake in Proofpoint by 88.7% in the fourth quarter. AdvisorNet Financial Inc now owns 1,170 shares of the software maker’s stock valued at $98,000 after purchasing an additional 550 shares during the last quarter. World Asset Management Inc acquired a new position in Proofpoint in the first quarter valued at $207,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in Proofpoint in the fourth quarter valued at $210,000. Hedge funds and other institutional investors own 94.79% of the company’s stock.

Shares of Proofpoint stock traded down $0.15 on Wednesday, reaching $118.88. 4,781 shares of the company were exchanged, compared to its average volume of 591,810. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of -103.37 and a beta of 1.79. Proofpoint Inc has a 1-year low of $75.92 and a 1-year high of $131.43.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Thursday, April 25th. The software maker reported ($0.33) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.33). The business had revenue of $202.90 million for the quarter, compared to analysts’ expectations of $199.32 million. Proofpoint had a negative return on equity of 13.93% and a negative net margin of 15.82%. The business’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. Sell-side analysts predict that Proofpoint Inc will post -0.82 earnings per share for the current year.

Several research firms recently commented on PFPT. Robert W. Baird reiterated a “buy” rating on shares of Proofpoint in a research note on Friday, April 26th. Wedbush reiterated an “outperform” rating and issued a $138.00 target price (up from $130.00) on shares of Proofpoint in a research note on Friday, April 26th. KeyCorp upped their target price on Proofpoint from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Piper Jaffray Companies upped their target price on Proofpoint from $136.00 to $140.00 and gave the company a “sell” rating in a research note on Friday, April 26th. Finally, Deutsche Bank upped their target price on Proofpoint from $95.00 to $125.00 and gave the company a “hold” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Proofpoint has a consensus rating of “Buy” and a consensus target price of $132.10.

In other news, EVP Bhagwat Swaroop sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $118.09, for a total transaction of $118,090.00. Following the sale, the executive vice president now directly owns 3,451 shares in the company, valued at approximately $407,528.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul R. Auvil III sold 30,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $121.23, for a total value of $3,636,900.00. Following the sale, the chief financial officer now owns 104,192 shares in the company, valued at $12,631,196.16. The disclosure for this sale can be found here. Insiders have sold a total of 120,227 shares of company stock worth $14,566,338 over the last quarter. Insiders own 2.93% of the company’s stock.

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About Proofpoint

Proofpoint, Inc operates as a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ‘drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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Institutional Ownership by Quarter for Proofpoint (NASDAQ:PFPT)

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