Falcon Point Capital adds FireEye Inc (FEYE) to its portfolio

FireEye Inc (FEYE) : Falcon Point Capital added new position in FireEye Inc during the most recent quarter end. The investment management firm now holds 469,516 shares of FireEye Inc which is valued at $7,742,319 , the company said in a statement filed on Jul 26, 2016 with the SEC.FireEye Inc makes up approximately 1.30% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in FEYE during the most recent quarter. The investment firm sold 2,922 shares of FEYE which is valued $48,184.Harvey Capital Management Inc boosted its stake in FEYE in the latest quarter, The investment management firm added 24,775 additional shares and now holds a total of 268,475 shares of FireEye Inc which is valued at $4,370,773. FireEye Inc makes up approx 2.09% of Harvey Capital Management Inc’s portfolio. Vigilant Capital Management added FEYE to its portfolio by purchasing 197 company shares during the most recent quarter which is valued at $3,225.Hall Laurie J Trustee boosted its stake in FEYE in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 380 shares of FireEye Inc which is valued at $6,395.

FireEye Inc closed down -0.67 points or -3.70% at $17.42 with 74,69,325 shares getting traded on Friday. Post opening the session at $17.62, the shares hit an intraday low of $17.08 and an intraday high of $17.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, FireEye Inc reported $-0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.50. The company had revenue of $168.00 million for the quarter, compared to analysts expectations of $171.72 million. The company’s revenue was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.48 EPS.

Many Wall Street Analysts have commented on FireEye Inc. Shares were Reiterated by Stifel on May 6, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $45 .Shares were Reiterated by UBS on May 6, 2016 to “Neutral” and Lowered the Price Target to $ 16 from a previous price target of $18 .

FireEye Inc. is a United States-based company engaged in offering virtual machine-based security platform that provides real-time threat protection to enterprises and governments against the cyber-attacks. The Company’s FireEye Threat Prevention platform provides real-time threat protection without the use of signatures to protect an organization across the primary threat vectors and across the various stages of an attack life cycle. It stops advanced cyber-attacks that use advanced malware zero-day exploits and Advanced Persistent Threat (APT) tactics. Its solutions supplement traditional and next generation firewalls Intrusion Prevention Systems (IPS) anti-virus and gateways. It offers a solution that detects and blocks attacks across Web e-mail endpoint file and mobile threat vectors and latent malware resident on file shares. Its products include Network Security NX Series Malware Analysis AX Series iSIGHT ThreatScape Intelligence and Central Management CM Series.

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