FireEye Inc (NASDAQ:FEYE) was downgraded by equities research analysts at OTR Global from a “mixed” rating to a “negative” rating in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Gofen & Glossberg LLC IL raised its position in FireEye by 4.5% in the fourth quarter. Gofen & Glossberg LLC IL now owns 46,002 shares of the information security company’s stock valued at $1,453,000 after buying an additional 2,000 shares during the period. California State Teachers Retirement System raised its position in FireEye by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 255,655 shares of the information security company’s stock valued at $5,302,000 after buying an additional 3,905 shares during the period. Sigma Planning raised 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 valued at $371,000 after buying an additional 4,098 shares during the period. Harvey Capital Management Inc. raised 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 valued at $5,387,000 after buying an additional 4,750 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in FireEye by 5.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 170,316 shares of the information security company’s stock valued at $3,532,000 after buying an additional 8,096 shares during the period.

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

FEYE has been the subject of several other reports. Citigroup Inc. raised FireEye from a “neutral” rating to a “buy” rating and upped their price objective for the company from $31.00 to $35.00 in a research note on Tuesday, December 8th. Oppenheimer reduced their price objective on FireEye from $58.00 to $48.00 and set an “outperform” rating for the company in a research note on Thursday, November 5th. Bank of America downgraded FireEye from a “buy” rating to a “neutral” rating and increased their target price for the stock from $29.12 to $30.00 in a research note on Thursday, November 5th. Vetr downgraded FireEye from a “strong-buy” rating to a “buy” rating and set a $23.84 target price for the company. in a research note on Monday, January 4th. Finally, Deutsche Bank cut their target price on FireEye from $30.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, January 21st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $34.36.

Shares of FireEye (NASDAQ:FEYE) traded up 2.27% during trading on Thursday, reaching $14.41. The company had a trading volume of 4,089,496 shares. FireEye has a 12 month low of $13.28 and a 12 month high of $55.33. The firm’s market capitalization is $2.31 billion. The firm’s 50 day moving average price is $18.44 and its 200 day moving average price is $29.73.

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

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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