Jpmorgan Chase & Company Trimmed Brady (BRC) Position By $6.32 Million; 8 Analysts Bullish Proofpoint, Inc. (PFPT)

Proofpoint, Inc. (NASDAQ:PFPT) Logo

Among 9 analysts covering Proofpoint (NASDAQ:PFPT), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Proofpoint had 10 analyst reports since July 27, 2018 according to SRatingsIntel. As per Monday, October 29, the company rating was upgraded by KeyBanc Capital Markets. Morgan Stanley maintained Proofpoint, Inc. (NASDAQ:PFPT) on Monday, October 29 with “Overweight” rating. Stifel Nicolaus maintained it with “Buy” rating and $130 target in Friday, July 27 report. The company was upgraded on Monday, October 29 by Goldman Sachs. As per Friday, July 27, the company rating was maintained by Morgan Stanley. Wells Fargo maintained Proofpoint, Inc. (NASDAQ:PFPT) rating on Friday, October 26. Wells Fargo has “Outperform” rating and $120 target. As per Tuesday, January 8, the company rating was maintained by Wedbush. The rating was downgraded by Deutsche Bank to “Hold” on Friday, October 26. See Proofpoint, Inc. (NASDAQ:PFPT) latest ratings:

08/01/2019 Broker: Wedbush Old Rating: Outperform New Rating: Outperform Old Target: $124 New Target: $115 Maintain
11/12/2018 Broker: Guggenheim Rating: Buy New Target: $110 Initiates Coverage On
27/11/2018 Broker: FBN Securities Rating: Buy New Target: $105.0000
29/10/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $134 New Target: $110 Maintain
29/10/2018 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy New Target: $114 Upgrade
29/10/2018 Broker: KeyBanc Capital Markets Old Rating: Sector Weight New Rating: Overweight New Target: $120 Upgrade
26/10/2018 Broker: Wells Fargo Old Rating: Outperform New Rating: Outperform Old Target: $150 New Target: $120 Maintain
26/10/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Hold Old Target: $125 New Target: $95 Downgrade
27/07/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $135 New Target: $139 Maintain
27/07/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $135 New Target: $130 Maintain

Jpmorgan Chase & Company decreased Brady Corp (BRC) stake by 3.61% reported in 2018Q3 SEC filing. Jpmorgan Chase & Company sold 147,077 shares as Brady Corp (BRC)’s stock declined 0.50%. The Jpmorgan Chase & Company holds 3.93 million shares with $171.85 million value, down from 4.08 million last quarter. Brady Corp now has $2.39 billion valuation. The stock decreased 0.70% or $0.32 during the last trading session, reaching $45.46. About 133,879 shares traded. Brady Corporation (NYSE:BRC) has risen 6.24% since January 14, 2018 and is uptrending. It has outperformed by 6.24% the S&P500. Some Historical BRC News: 23/05/2018 – Brady Corp Declares Dividend of 20.75c; 24/05/2018 – BRADY CORP – “FULL BENEFIT OF THE ENACTMENT OF U.S. TAX LEGISLATION WILL NOT BE REALIZED UNTIL NEXT FISCAL YEAR”; 24/05/2018 – BRADY 3Q EPS 49C; 28/03/2018 – Brady Closes Above 200-Day Moving Average: Technicals; 08/05/2018 – Brady Presenting at Wells Fargo Industrials Conference Tomorrow; 24/05/2018 – BRADY CORP BRC.N SEES FY 2018 EARNINGS PER DILUTED CLASS A COMMON SHARE FROM $1.95 TO $2.00; 23/05/2018 – Brady Corporation declares regular dividend to shareholders; 26/04/2018 – Brady Presenting at Wells Fargo Industrials Conference May 9; 26/04/2018 – Brady Corporation Announces Earnings Conference Call; 24/05/2018 – BRADY SEES FY ADJ EPS $1.95 TO $2.00, EST. $1.90

Another recent and important Brady Corporation (NYSE:BRC) news was published by Prweb.com which published an article titled: “Brady Receives Boeing Performance Excellence Award – PR Web” on April 26, 2017.

Jpmorgan Chase & Company increased Prologis Inc (NYSE:PLD) stake by 9.26M shares to 17.08 million valued at $1.16B in 2018Q3. It also upped Meridian Bancorp Inc Md (NASDAQ:EBSB) stake by 39,338 shares and now owns 1.11M shares. M/I Homes Inc (NYSE:MHO) was raised too.

Investors sentiment decreased to 1.06 in 2018 Q3. Its down 0.40, from 1.46 in 2018Q2. It fall, as 18 investors sold BRC shares while 59 reduced holdings. 31 funds opened positions while 51 raised stakes. 38.44 million shares or 1.11% more from 38.02 million shares in 2018Q2 were reported. Tudor Invest Et Al has 10,578 shares for 0.01% of their portfolio. State Bank Of America Corporation De holds 0% or 81,603 shares. Hbk Invs Limited Partnership accumulated 32,400 shares or 0.01% of the stock. Dekabank Deutsche Girozentrale reported 32,472 shares. Principal Fin Grp has invested 0.02% in Brady Corporation (NYSE:BRC). Royal Financial Bank Of Canada holds 0% or 22,117 shares in its portfolio. 5,688 are held by Teacher Retirement Sys Of Texas. Ls Invest Ltd Liability Co invested in 7,445 shares. Grantham Mayo Van Otterloo And Lc accumulated 64,809 shares or 0.02% of the stock. Wells Fargo And Mn accumulated 1.30 million shares. Mutual Of America Ltd Co has 918 shares. Art Advsrs Ltd Limited Liability Company reported 24,900 shares stake. Cubist Systematic Strategies Ltd Liability has invested 0.03% in Brady Corporation (NYSE:BRC). State Of Alaska Department Of Revenue owns 15,898 shares. The Connecticut-based Aqr Cap Mgmt Limited Company has invested 0% in Brady Corporation (NYSE:BRC).

Among 2 analysts covering Brady (NYSE:BRC), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Brady had 3 analyst reports since July 16, 2018 according to SRatingsIntel. The stock of Brady Corporation (NYSE:BRC) has “Neutral” rating given on Tuesday, September 18 by Sidoti. The rating was downgraded by Bank of America to “Underperform” on Monday, July 16. The rating was maintained by Bank of America on Monday, September 17 with “Underperform”.

Analysts await Brady Corporation (NYSE:BRC) to report earnings on February, 28. They expect $0.52 EPS, up 8.33% or $0.04 from last year’s $0.48 per share. BRC’s profit will be $27.29 million for 21.86 P/E if the $0.52 EPS becomes a reality. After $0.58 actual EPS reported by Brady Corporation for the previous quarter, Wall Street now forecasts -10.34% negative EPS growth.

Since September 5, 2018, it had 0 buys, and 10 insider sales for $8.71 million activity. The insider Nelligan Helena Regina sold $2.60M. $162,047 worth of Brady Corporation (NYSE:BRC) was sold by Felmer Thomas J. Bolognini Louis T had sold 6,892 shares worth $308,284 on Tuesday, September 18. On Monday, September 24 the insider Curran Bentley sold $1.14M. $430,006 worth of Brady Corporation (NYSE:BRC) shares were sold by Shaller Russell. Shares for $369,790 were sold by HARRIS FRANK W on Monday, September 24. BRUNO ELIZABETH P also sold $1.05M worth of Brady Corporation (NYSE:BRC) shares.

The stock decreased 0.59% or $0.54 during the last trading session, reaching $91.09. About 374,212 shares traded. Proofpoint, Inc. (NASDAQ:PFPT) has risen 7.14% since January 14, 2018 and is uptrending. It has outperformed by 7.14% the S&P500. Some Historical PFPT News: 27/04/2018 – PROOFPOINT INC PFPT.O : WEDBUSH RAISES TARGET PRICE TO $136 FROM $130; 26/04/2018 – Proofpoint Sees 2018 Rev $702M-$706M; 26/04/2018 – Proofpoint Sees 2018 Adj EPS $1.00-Adj EPS $1.09; 26/04/2018 – Proofpoint Sees 2Q Rev $168M-$170M; 26/04/2018 – PROOFPOINT 1Q REV. $162.5M, EST. $152.0M; 13/04/2018 – Proofpoint Group Lunch Scheduled By Wedbush for Apr. 17; 02/05/2018 – Proofpoint Presenting at Cowen Conference May 30; 26/04/2018 – PROOFPOINT 1Q ADJ EPS 30C, EST. 15C; 21/04/2018 – DJ Proofpoint Inc, Inst Holders, 1Q 2018 (PFPT); 27/03/2018 – Wombat Security Introduces New Insider Threat Training Modules

Proofpoint, Inc. operates as a security-as-a-service well-known provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. The company has market cap of $4.98 billion. It offers threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery, and secure communication solutions. It currently has negative earnings. The firm provides email security products that include Enterprise Protection secure email gateway, Email Fraud Defense, Email Continuity, and Proofpoint Essentials, which are design to protect customers' mission-critical messaging infrastructure from outside threats, enable enterprises to authenticate their email to reduce consumer phishing, fight business email compromise attacks, and keep email operational in the event of a service well-known provider outage.

Since August 16, 2018, it had 0 buys, and 10 sales for $26.13 million activity. Shares for $154,354 were sold by Knight David on Wednesday, October 3. Steele Gary sold 50,000 shares worth $4.77M. On Tuesday, September 4 Swaroop Bhagwat sold $192,698 worth of Proofpoint, Inc. (NASDAQ:PFPT) or 1,634 shares. The insider Johnson Michael M sold 1,040 shares worth $119,913. Shares for $4.64 million were sold by Auvil Paul R. III.

Proofpoint, Inc. (NASDAQ:PFPT) Institutional Positions Chart

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