Hood River Capital Management buys $17,404,041 stake in Proofpoint Inc (PFPT)

Proofpoint Inc (PFPT) : Hood River Capital Management scooped up 123,358 additional shares in Proofpoint Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 319,106 shares of Proofpoint Inc which is valued at $17,404,041.Proofpoint Inc makes up approximately 2.41% of Hood River Capital Management’s portfolio.

Other Hedge Funds, Including , Columbus Circle Investors reduced its stake in PFPT by selling 394,910 shares or 27.98% in the most recent quarter. The Hedge Fund company now holds 1,016,586 shares of PFPT which is valued at $55,444,600. Proofpoint Inc makes up approx 0.50% of Columbus Circle Investors’s portfolio.Capital Fund Management S.a. reduced its stake in PFPT by selling 38,409 shares or 62.93% in the most recent quarter. The Hedge Fund company now holds 22,623 shares of PFPT which is valued at $1,233,858. Proofpoint Inc makes up approx 0.02% of Capital Fund Management S.a.’s portfolio.American Century Companies Inc reduced its stake in PFPT by selling 30,217 shares or 32.89% in the most recent quarter. The Hedge Fund company now holds 61,668 shares of PFPT which is valued at $3,363,373.Huntington National Bank reduced its stake in PFPT by selling 8 shares or 14.55% in the most recent quarter. The Hedge Fund company now holds 47 shares of PFPT which is valued at $2,738. Magee Thomson Investment Partners sold out all of its stake in PFPT during the most recent quarter. The investment firm sold 70 shares of PFPT which is valued $3,975.

Proofpoint Inc opened for trading at $55.1 and hit $55.91 on the upside on Tuesday, eventually ending the session at $55.85, with a gain of 1.62% or 0.89 points. The heightened volatility saw the trading volume jump to 3,75,267 shares. Company has a market cap of $2,317 M.

On the company’s financial health, Proofpoint Inc reported $-0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $-0.14. The company had revenue of $79.00 million for the quarter, compared to analysts expectations of $76.29 million. The company’s revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Many Wall Street Analysts have commented on Proofpoint Inc. Proofpoint Inc was Initiated by Goldman to “Neutral” on Mar 21, 2016.

Proofpoint Inc. is a security-as-a-service provider that provides data protection solutions for large and mid-sized organizations around the world. The Company’s security-as-a-service platform consists of a suite of on-demand data protection solutions including threat protection incident response regulatory compliance archiving governance eDiscovery and secure communication. The Company provides a multi-tiered security-as-a-service platform comprising solutions platform technologies and infrastructure. Its security-as-a-service platform offers a bundle of five solutions: Proofpoint Enterprise Protection Proofpoint Enterprise Privacy Proofpoint Enterprise Archive & Governance Proofpoint Nexgate Social Media Security & Compliance and Proofpoint Essentials. Its platform’s services include content inspection reputation encryption and key management notification and workflow and analytics and search.

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