Shares of Proofpoint Inc (NASDAQ:PFPT) reached a new 52-week low on Friday after Wunderlich lowered their price target on the stock from $80.00 to $67.00, AnalystRatingsNetwork.com reports. Wunderlich currently has a buy rating on the stock. Proofpoint traded as low as $47.66 and last traded at $50.64, with a volume of 2,844,461 shares changing hands. The stock had previously closed at $53.83.

Several other equities analysts have also commented on PFPT. Deutsche Bank assumed coverage on shares of Proofpoint in a report on Thursday, November 26th. They set a “buy” rating and a $18.00 target price on the stock. Dougherty & Co reduced their target price on shares of Proofpoint from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Friday. RBC Capital assumed coverage on shares of Proofpoint in a report on Thursday, November 26th. They set an “outperform” rating on the stock. Pacific Crest assumed coverage on shares of Proofpoint in a report on Thursday, November 26th. They set an “outperform” rating on the stock. Finally, Wedbush reaffirmed an “outperform” rating and set a $77.00 target price (down previously from $82.00) on shares of Proofpoint in a report on Friday. Two research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $72.62.

In other Proofpoint news, Director Dana L. Evan sold 2,000 shares of Proofpoint stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $70.17, for a total value of $140,340.00. Following the completion of the transaction, the director now directly owns 5,192 shares of the company’s stock, valued at $364,322.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Knight sold 3,700 shares of Proofpoint stock in a transaction dated Friday, January 22nd. The stock was sold at an average price of $60.02, for a total transaction of $222,074.00. Following the completion of the transaction, the executive vice president now directly owns 1,561 shares of the company’s stock, valued at $93,691.22. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently modified their holdings of the company. Strs Ohio boosted its position in shares of Proofpoint by 15.8% in the fourth quarter. Strs Ohio now owns 4,400 shares of the company’s stock valued at $286,000 after buying an additional 600 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Proofpoint by 62.6% in the fourth quarter. Great West Life Assurance Co. Can now owns 4,877 shares of the company’s stock valued at $317,000 after buying an additional 1,877 shares during the period. Capital Fund Management S.A. purchased a new position in shares of Proofpoint during the fourth quarter valued at about $3,968,000. California State Teachers Retirement System boosted its position in shares of Proofpoint by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 73,056 shares of the company’s stock valued at $4,749,000 after buying an additional 1,159 shares during the period. Finally, British Columbia Investment Management Corp boosted its position in shares of Proofpoint by 17.6% in the fourth quarter. British Columbia Investment Management Corp now owns 100,000 shares of the company’s stock valued at $6,501,000 after buying an additional 15,000 shares during the period.

The stock’s market capitalization is $2.03 billion. The stock has a 50-day moving average of $61.35 and a 200 day moving average of $63.72.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, January 28th. The company reported ($0.11) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.11). The firm had revenue of $74.90 million for the quarter, compared to the consensus estimate of $73.46 million. The company’s revenue was up 33.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) EPS. Equities analysts predict that Proofpoint Inc will post ($0.10) EPS for the current fiscal year.

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.

12 Month Chart for NASDAQ:PFPT

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