Key Researchers at RBC Capital Markets Reconfirmed their ‘Outperform’ rating for Proofpoint Inc (NDAQ:PFPT) Shares Today. Their TP is Set to $103.00



July 31, 2017 – By Michael Collier

Investors sentiment decreased to 1.11 in 2016 Q4. Its down 0.26, from 1.37 in 2016Q3. It is negative, as 36 investors sold Proofpoint Inc shares while 76 reduced holdings. 37 funds opened positions while 87 raised stakes. 45.43 million shares or 1.14% less from 45.95 million shares in 2016Q3 were reported.

Thrivent Fincl For Lutherans holds 0.09% or 270,688 shares in its portfolio. Advsr Asset Management holds 37,987 shares. Columbia Prns L L C Investment Mgmt invested in 85,378 shares. Voya Ltd holds 291,374 shares. Moreover, Cubist Systematic Strategies Limited Liability Corp has 0.06% invested in Proofpoint Inc (NASDAQ:PFPT) for 11,109 shares. Dimensional Fund Advsr Limited Partnership stated it has 5,876 shares or 0% of all its holdings. Eulav Asset accumulated 51,800 shares. Moreover, Raymond James And has 0% invested in Proofpoint Inc (NASDAQ:PFPT). Geneva Limited Liability Com invested 0.02% in Proofpoint Inc (NASDAQ:PFPT). 157,735 are owned by State Of Wisconsin Invest Board. Artisan Prtn Partnership has invested 0.13% in Proofpoint Inc (NASDAQ:PFPT). Eagle Asset Mngmt owns 1.07 million shares for 0.5% of their portfolio. Gilder Gagnon Howe Ltd Co holds 0.13% in Proofpoint Inc (NASDAQ:PFPT) or 95,101 shares. The New York-based Mutual Of America Cap Management Lc has invested 0.22% in Proofpoint Inc (NASDAQ:PFPT). Bancshares Of Nova Scotia stated it has 43,405 shares.

Since February 1, 2017, it had 0 insider buys, and 24 sales for $30.12 million activity. $2.34M worth of Proofpoint Inc (NASDAQ:PFPT) shares were sold by Steele Gary. $239,277 worth of Proofpoint Inc (NASDAQ:PFPT) was sold by Knight David on Wednesday, March 15. The insider Lee Robert Darren sold 3,000 shares worth $223,080. Another trade for 3,645 shares valued at $295,939 was sold by Newell Tracey. Hahn Eric sold $4.60M worth of Proofpoint Inc (NASDAQ:PFPT) on Tuesday, February 21. 25,000 shares were sold by Auvil Paul R. III, worth $2.26 million.

Proofpoint Inc (NDAQ:PFPT) Rating Reaffirmed

RBC Capital Markets now has a $103.00 price target on shares of Proofpoint Inc (NDAQ:PFPT). The price target gives a potential upside of 12.61 % from the last price of Proofpoint Inc (NDAQ:PFPT). This rating was disclosed in a report on Friday, 28 July.

Investors sentiment decreased to 1.11 in 2016 Q4. Its down 0.26, from 1.37 in 2016Q3. It is negative, as 36 investors sold Proofpoint Inc shares while 76 reduced holdings. 37 funds opened positions while 87 raised stakes. 45.43 million shares or 1.14% less from 45.95 million shares in 2016Q3 were reported.

Thrivent Fincl For Lutherans holds 0.09% or 270,688 shares in its portfolio. Advsr Asset Management holds 37,987 shares. Columbia Prns L L C Investment Mgmt invested in 85,378 shares. Voya Ltd holds 291,374 shares. Moreover, Cubist Systematic Strategies Limited Liability Corp has 0.06% invested in Proofpoint Inc (NASDAQ:PFPT) for 11,109 shares. Dimensional Fund Advsr Limited Partnership stated it has 5,876 shares or 0% of all its holdings. Eulav Asset accumulated 51,800 shares. Moreover, Raymond James And has 0% invested in Proofpoint Inc (NASDAQ:PFPT). Geneva Limited Liability Com invested 0.02% in Proofpoint Inc (NASDAQ:PFPT). 157,735 are owned by State Of Wisconsin Invest Board. Artisan Prtn Partnership has invested 0.13% in Proofpoint Inc (NASDAQ:PFPT). Eagle Asset Mngmt owns 1.07 million shares for 0.5% of their portfolio. Gilder Gagnon Howe Ltd Co holds 0.13% in Proofpoint Inc (NASDAQ:PFPT) or 95,101 shares. The New York-based Mutual Of America Cap Management Lc has invested 0.22% in Proofpoint Inc (NASDAQ:PFPT). Bancshares Of Nova Scotia stated it has 43,405 shares.

Since February 1, 2017, it had 0 insider buys, and 24 sales for $30.12 million activity. $2.34M worth of Proofpoint Inc (NASDAQ:PFPT) shares were sold by Steele Gary. $239,277 worth of Proofpoint Inc (NASDAQ:PFPT) was sold by Knight David on Wednesday, March 15. The insider Lee Robert Darren sold 3,000 shares worth $223,080. Another trade for 3,645 shares valued at $295,939 was sold by Newell Tracey. Hahn Eric sold $4.60M worth of Proofpoint Inc (NASDAQ:PFPT) on Tuesday, February 21. 25,000 shares were sold by Auvil Paul R. III, worth $2.26 million.

Proofpoint Inc (NASDAQ:PFPT) Ratings Coverage

Among 9 analysts covering Proofpoint Inc (NDAQ:PFPT), 7 have Buy rating, 1 Sell and 1 Hold. Therefore 78% are positive. Proofpoint Inc has $115 highest and $77 lowest target. $95.43’s average target is 7.20% above currents $89.02 stock price. Proofpoint Inc had 9 analyst reports since March 23, 2017 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, July 28 report. Dougherty & Company maintained the shares of PFPT in report on Friday, July 28 with “Buy” rating. The company was maintained on Monday, April 24 by Evercore. On Friday, April 21 the stock rating was maintained by Wedbush with “Outperform”. Piper Jaffray maintained it with “Buy” rating and $90 target in Monday, April 24 report. On Thursday, April 20 the stock rating was downgraded by Robert W. Baird to “Neutral”. Needham initiated the stock with “Buy” rating in Friday, July 21 report. The firm has “Positive” rating given on Wednesday, June 7 by Susquehanna. Goldman Sachs downgraded Proofpoint Inc (NASDAQ:PFPT) on Thursday, March 23 to “Sell” rating.

The stock increased 0.66% or $0.58 on July 28, reaching $89.02. About shares traded. Proofpoint Inc (NDAQ:PFPT) has risen 52.24% since July 31, 2016 and is uptrending. It has outperformed by 35.54% the S&P500.

Proofpoint, Inc. is a security-as-a-service well-known provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The company has market cap of $3.89 billion. 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. It currently has negative earnings. The Company’s solutions are built on a cloud platform.

More important recent Proofpoint Inc (NASDAQ:PFPT) news were published by: Nasdaq.com which released: “What’s in the Cards for Proofpoint (PFPT) in Q2 Earnings?” on July 25, 2017, also Nasdaq.com published article titled: “Proofpoint (PFPT) Posts Q2 Loss, Stock Up on Upbeat ’17 View”, Nasdaq.com published: “Earnings Reaction History: Proofpoint, Inc., 37.5% Follow-Through Indicator, 6 …” on July 27, 2017. More interesting news about Proofpoint Inc (NASDAQ:PFPT) was released by: Globenewswire.com and their article: “Proofpoint to Report Second Quarter 2017 Financial Results” with publication date: July 05, 2017.

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