JPMorgan Chase & Co. reaffirmed their overweight rating on shares of FireEye Inc (NASDAQ:FEYE) in a report released on Thursday, AnalystRatings.Net reports. JPMorgan Chase & Co. currently has a $30.00 target price on the information security company’s stock.

Shares of FireEye (NASDAQ:FEYE) traded down 0.34% during trading on Thursday, reaching $14.74. The company had a trading volume of 4,131,509 shares. The firm’s market capitalization is $2.37 billion. FireEye has a 12 month low of $13.28 and a 12 month high of $55.33. The firm’s 50 day moving average price is $19.52 and its 200 day moving average price is $31.00.

FireEye (NASDAQ:FEYE) last released its earnings results on Wednesday, November 4th. The information security company reported ($0.37) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.08. The business had revenue of $165.60 million for the quarter, compared to analyst estimates of $167.13 million. During the same quarter in the previous year, the firm posted ($0.51) EPS. The business’s revenue for the quarter was up 45.0% on a year-over-year basis. Equities analysts predict that FireEye will post ($1.62) EPS for the current year.

FEYE has been the topic of several other research reports. Deutsche Bank dropped their target price on FireEye from $30.00 to $20.00 and set a hold rating on the stock in a research report on Thursday, January 21st. Barclays restated an equal weight rating and issued a $21.00 price target (down previously from $29.00) on shares of FireEye in a report on Thursday, January 21st. Wedbush cut FireEye from an outperform rating to a neutral rating and lowered their price target for the stock from $41.00 to $32.00 in a report on Friday, October 23rd. Bank of America restated a buy rating and issued a $50.00 price target (down previously from $60.00) on shares of FireEye in a report on Wednesday, October 7th. Finally, Piper Jaffray cut FireEye from an overweight rating to a neutral rating and lowered their price target for the stock from $60.00 to $37.00 in a report on Monday, October 5th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $34.36.

In other FireEye news, CEO David G. Dewalt bought 22,500 shares of the stock in a transaction dated Friday, November 6th. The stock was bought at an average cost of $22.65 per share, for a total transaction of $509,625.00. Following the completion of the purchase, the chief executive officer now directly owns 4,455,401 shares of the company’s stock, valued at $100,914,832.65. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael J. Berry bought 13,500 shares of the stock in a transaction dated Friday, November 6th. The shares were acquired at an average price of $22.68 per share, with a total value of $306,180.00. Following the completion of the purchase, the chief financial officer now directly owns 128,500 shares of the company’s stock, valued at $2,914,380. The disclosure for this purchase can be found here.

Other hedge funds have made changes to their positions in the company. FNY Managed Accounts LLC increased its stake in shares of FireEye by 156.0% in the fourth quarter. FNY Managed Accounts LLC now owns 16,000 shares of the information security company’s stock valued at $332,000 after buying an additional 9,751 shares in the last quarter. Harvey Capital Management Inc. increased its position in FireEye by 1.9% in the fourth quarter. Harvey Capital Management Inc. now owns 259,750 shares of the information security company’s stock worth $5,387,000 after buying an additional 4,750 shares during the period. Sigma Planning increased its position in FireEye by 29.7% in the fourth quarter. Sigma Planning now owns 17,874 shares of the information security company’s stock worth $371,000 after buying an additional 4,098 shares during the period. Fourth Swedish National Pension Fund increased its position in FireEye by 37.5% in the fourth quarter. Fourth Swedish National Pension Fund now owns 41,272 shares of the information security company’s stock worth $856,000 after buying an additional 11,246 shares during the period. Finally, BB&T Securities purchased a new position in FireEye during the fourth quarter worth approximately $342,000.

FireEye, Inc. provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The Company’s cybersecurity solutions combine its virtual-machine technology, threat intelligence and security in a suite of products and services. Its virtual machine-based technology delivers detection and prevention, and to provide real-time protection to enterprises and governments across the world. Its cybersecurity platform includes a family of software-based appliances, cloud-based subscription services, support and maintenance and other services. Its threat prevention appliance families address vectors of attack: Web, email, file, endpoint and mobile. It operates throughout the United States and various international locations, including Australia, Dubai, India, Ireland, Japan, South Korea, Singapore, Taiwan, Turkey and the United Kingdom. Its marketing team consists of corporate marketing, channel marketing, account/lead development, operations and corporate communications.

12 Month Chart for NASDAQ:FEYE

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