Reaffirmed: Proofpoint (NASDAQ:PFPT) Buy Rating Reiterated by Analysts at Citigroup; $140 Target in Place

April 17, 2018 - By Louis Casey

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.

Ftb has invested 0% in Proofpoint, Inc. (NASDAQ:PFPT). Crow Point Prns Ltd Liability Co has invested 0.03% in Proofpoint, Inc. (NASDAQ:PFPT). Point72 Asset Ltd Partnership accumulated 22,220 shares. Castleark Mgmt Limited Liability has 0.22% invested in Proofpoint, Inc. (NASDAQ:PFPT). 1832 Asset Mngmt Lp owns 1.22 million shares. Comerica Natl Bank stated it has 0.01% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT). Credit Suisse Ag holds 0.03% or 339,979 shares in its portfolio. Eaton Vance holds 7,763 shares or 0% of its portfolio. Metropolitan Life Ins holds 0.02% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT) for 13,595 shares. Nebraska-based Cwm Ltd Liability Company has invested 0% in Proofpoint, Inc. (NASDAQ:PFPT). Redwood Invs Ltd reported 1.39% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT). Connecticut-based Aqr Management Ltd Co has invested 0% in Proofpoint, Inc. (NASDAQ:PFPT). Assetmark has invested 0% in Proofpoint, Inc. (NASDAQ:PFPT). Mirae Asset Glob Invs Com Limited reported 13,954 shares. Goldman Sachs Grp holds 0.02% or 752,873 shares in its portfolio.

Since October 17, 2017, it had 0 insider buys, and 12 selling transactions for $13.05 million activity. Hahn Eric sold 5,000 shares worth $529,668. Newell Tracey sold $790,016 worth of stock. Knight David sold 3,000 shares worth $256,405. 3,077 shares valued at $361,271 were sold by Swaroop Bhagwat on Friday, April 6.

Proofpoint (NASDAQ:PFPT) Rating Reaffirmed

Proofpoint (NASDAQ:PFPT) just had their share rating of a ‘Buy’ issued by research analysts at Citigroup, who now has a $140 target on the $6.32B market cap company or a 11.94 % upside potential. This key information was released in a research report on Monday, 16 April.

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.

Ftb has invested 0% in Proofpoint, Inc. (NASDAQ:PFPT). Crow Point Prns Ltd Liability Co has invested 0.03% in Proofpoint, Inc. (NASDAQ:PFPT). Point72 Asset Ltd Partnership accumulated 22,220 shares. Castleark Mgmt Limited Liability has 0.22% invested in Proofpoint, Inc. (NASDAQ:PFPT). 1832 Asset Mngmt Lp owns 1.22 million shares. Comerica Natl Bank stated it has 0.01% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT). Credit Suisse Ag holds 0.03% or 339,979 shares in its portfolio. Eaton Vance holds 7,763 shares or 0% of its portfolio. Metropolitan Life Ins holds 0.02% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT) for 13,595 shares. Nebraska-based Cwm Ltd Liability Company has invested 0% in Proofpoint, Inc. (NASDAQ:PFPT). Redwood Invs Ltd reported 1.39% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT). Connecticut-based Aqr Management Ltd Co has invested 0% in Proofpoint, Inc. (NASDAQ:PFPT). Assetmark has invested 0% in Proofpoint, Inc. (NASDAQ:PFPT). Mirae Asset Glob Invs Com Limited reported 13,954 shares. Goldman Sachs Grp holds 0.02% or 752,873 shares in its portfolio.

Since October 17, 2017, it had 0 insider buys, and 12 selling transactions for $13.05 million activity. Hahn Eric sold 5,000 shares worth $529,668. Newell Tracey sold $790,016 worth of stock. Knight David sold 3,000 shares worth $256,405. 3,077 shares valued at $361,271 were sold by Swaroop Bhagwat on Friday, April 6.

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 company was maintained on Sunday, November 5 by RBC Capital Markets. On Wednesday, February 7 the stock rating was maintained by Stephens with “Buy”. The stock of Proofpoint, Inc. (NASDAQ:PFPT) has “Hold” rating given on Tuesday, April 10 by Goldman Sachs. Stephens maintained it with “Buy” rating and $14000 target in Wednesday, April 11 report. The stock of Proofpoint, Inc. (NASDAQ:PFPT) earned “Buy” rating by Needham on Friday, October 20. As per Tuesday, February 6, the company rating was maintained by Stifel Nicolaus. The firm has “Overweight” rating given on Thursday, March 22 by Morgan Stanley. Deutsche Bank maintained Proofpoint, Inc. (NASDAQ:PFPT) rating on Friday, March 16. Deutsche Bank has “Buy” rating and $140 target. KeyBanc Capital Markets maintained the shares of PFPT in report on Monday, November 20 with “Hold” rating. Robert W. Baird maintained the stock with “Neutral” rating in Friday, October 20 report.

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 earnings per share, 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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