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Proofpoint (NASDAQ:PFPT) Stock Outperform Rating Reaffirmed at Imperial Capital; The Target Price is Set to $110.0

Imperial Capital Proofpoint NASDAQ:PFPT

Proofpoint (NASDAQ:PFPT) Rating Maintained

Expert analysts at Imperial Capital have $110.0 target price per share on Proofpoint (NASDAQ:PFPT). Imperial Capital’s target price per share suggests a potential upside of 15.67 % from the company’s last close price. The rating was disclosed to clients in a note on Friday morning.

NASDAQ:PFPT is at the moment trading 1.91% higher at $96.92 as of 4:04 AM New York time. Proofpoint’s stock is 0% in the last 200 days. It has underperformed the S&P 500 Index, which has risen 6.00% in the same time period.

According to data compiled by Thomson Reuters, Proofpoint (NASDAQ:PFPT)’s stock is covered by 21 equity analysts across the Street, with 0 analysts giving it a Sell rating, 22 a Buy rating, while 1 consider it a Hold. The 12-month consensus target price for the stock is $74.62, which reflects an downside potential of 23.01% over the current price.

Institutional Ownership

Light Street Capital Management Llc had the biggest stake with ownership of 350,000 shares as of Q2 2015 for 2.64% of the fund portfolio. Tcs Capital Management Llc is another very bullish fund who is having 61,000 shares of Proofpoint or 2.49% of their fund portfolio. Furthermore, Falcon Point Capital Llc have 2.4% of their fund portfolio invested in the company for 200,525 shares. The Illinois-based fund Cupps Capital Management Llc revealed it had purchased so far a stake worth about 2.22% of the fund’s stock portfolio in Proofpoint. The Minnesota-based fund Next Century Growth Investors Llc is also positive about the stock, possessing 68,466 shares or 2.07% of their fund portfolio.

Proofpoint (NASDAQ:PFPT) Profile

Proofpoint, Inc. is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication. The Company’s solutions are built on a cloud-based platform.

Proofpoint (NASDAQ:PFPT) traded up 1.91% on 20 October, hitting $96.92. A total of 864,938 shares of the company’s stock traded hands. This is up from average of 551,161 shares. Proofpoint has a 52 week low of $68.45 and a 52 week high of $97.92. The company has a market cap of $4.31B and a P/E ratio of 0.

Get the latest Proofpoint (NASDAQ:PFPT) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Proofpoint (NASDAQ:PFPT) Stock Outperform Rating Reaffirmed at Imperial Capital; The Target Price is Set to $110.0 appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Proofpoint (NASDAQ:PFPT) Stock Outperform Rating Reaffirmed at Imperial Capital; The Target Price is Set to $110.0


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