Garelick Capital Partners Lp buys $5.4 Million stake in Proofpoint Inc (PFPT)

Proofpoint Inc (PFPT) : Garelick Capital Partners Lp scooped up 64,000 additional shares in Proofpoint Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 101,000 shares of Proofpoint Inc which is valued at $5.4 Million.Proofpoint Inc makes up approximately 4.39% of Garelick Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Menta Capital sold out all of its stake in PFPT during the most recent quarter. The investment firm sold 10,700 shares of PFPT which is valued $573,413.Mutual Of America Capital Management reduced its stake in PFPT by selling 1,301 shares or 0.83% in the most recent quarter. The Hedge Fund company now holds 155,625 shares of PFPT which is valued at $8.3 Million. Proofpoint Inc makes up approx 0.19% of Mutual Of America Capital Management’s portfolio. Norges Bank added PFPT to its portfolio by purchasing 188,216 company shares during the most recent quarter which is valued at $10.1 Million. Proofpoint Inc makes up approx 0.01% of Norges Bank’s portfolio. Kornitzer Capital Management Inc Ks added PFPT to its portfolio by purchasing 17,300 company shares during the most recent quarter which is valued at $943,542. Proofpoint Inc makes up approx 0.02% of Kornitzer Capital Management Inc Ks’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 $1.2 Million. Proofpoint Inc makes up approx 0.02% of Capital Fund Management S.a.’s portfolio.

Proofpoint Inc opened for trading at $53.54 and hit $54.22 on the upside on Monday, eventually ending the session at $53.82, with a gain of 0.43% or 0.23 points. The heightened volatility saw the trading volume jump to 4,79,197 shares. Company has a market cap of $2,233 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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