Advisory Services Network buys $420,146 stake in FireEye Inc (FEYE)

FireEye Inc (FEYE) : Advisory Services Network scooped up 2,300 additional shares in FireEye Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 30,690 shares of FireEye Inc which is valued at $420,146.FireEye Inc makes up approximately 0.08% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Simplex Trading reduced its stake in FEYE by selling 71,625 shares or 73.35% in the most recent quarter. The Hedge Fund company now holds 26,017 shares of FEYE which is valued at $356,173. FireEye Inc makes up approx 0.05% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in FEYE by selling 60,014 shares or 74.91% in the most recent quarter. The Hedge Fund company now holds 20,104 shares of FEYE which is valued at $295,328.Independent Portfolio Consultants boosted its stake in FEYE in the latest quarter, The investment management firm added 570 additional shares and now holds a total of 12,190 shares of FireEye Inc which is valued at $179,071. FireEye Inc makes up approx 0.06% of Independent Portfolio Consultants’s portfolio.

FireEye Inc closed down -0.14 points or -1.01% at $13.69 with 34,83,294 shares getting traded on Friday. Post opening the session at $13.85, the shares hit an intraday low of $13.61 and an intraday high of $14.14 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 $-0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.39. The company had revenue of $175.00 million for the quarter, compared to analysts expectations of $181.57 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.41 EPS.

Many Wall Street Analysts have commented on FireEye Inc. Company shares were Resumed by Wunderlich on Sep 13, 2016 to “Hold”, Firm has raised the Price Target to $ 16 from a previous price target of $15 .Shares were Downgraded by Imperial Capital on Aug 9, 2016 to ” In-line” and Lowered the Price Target to $ 15 from a previous price target of $25 .Shares were Downgraded by Wunderlich on Aug 5, 2016 to ” Hold” and Lowered the Price Target to $ 15 from a previous price target of $21 .

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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