Angelo Gordon & Company LP Boosted Its Proofpoint (PFPT) Position; Stoneridge (SRI) Shorts Lowered By 26.02%

April 22, 2018 - By Henry Gaston

Proofpoint, Inc. (NASDAQ:PFPT) Logo

Angelo Gordon & Company Lp increased Proofpoint Inc (PFPT) stake by 48.19% reported in 2017Q4 SEC filing. Angelo Gordon & Company Lp acquired 20,000 shares as Proofpoint Inc (PFPT)’s stock rose 22.55%. The Angelo Gordon & Company Lp holds 61,500 shares with $5.46 million value, up from 41,500 last quarter. Proofpoint Inc now has $6.17B valuation. The stock decreased 2.83% or $3.56 during the last trading session, reaching $122.07. About 623,835 shares traded. Proofpoint, Inc. (NASDAQ:PFPT) has risen 50.07% since April 22, 2017 and is uptrending. It has outperformed by 38.52% the S&P500.

Stoneridge Inc (NYSE:SRI) had a decrease of 26.02% in short interest. SRI’s SI was 364,000 shares in April as released by FINRA. Its down 26.02% from 492,000 shares previously. With 440,100 avg volume, 1 days are for Stoneridge Inc (NYSE:SRI)’s short sellers to cover SRI’s short positions. The SI to Stoneridge Inc’s float is 1.36%. The stock decreased 1.29% or $0.37 during the last trading session, reaching $28.25. About 227,889 shares traded. Stoneridge, Inc. (NYSE:SRI) has risen 51.86% since April 22, 2017 and is uptrending. It has outperformed by 40.31% the S&P500.

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.25, from 1.36 in 2017Q3. It worsened, as 15 investors sold Stoneridge, Inc. shares while 47 reduced holdings. 26 funds opened positions while 43 raised stakes. 24.51 million shares or 1.25% more from 24.21 million shares in 2017Q3 were reported. Gamco Et Al, New York-based fund reported 454,594 shares. Prelude Limited Liability Company reported 6,933 shares. The Switzerland-based Credit Suisse Ag has invested 0% in Stoneridge, Inc. (NYSE:SRI). Martingale Asset Management Ltd Partnership has invested 0.03% in Stoneridge, Inc. (NYSE:SRI). Barclays Public Ltd Company reported 0% of its portfolio in Stoneridge, Inc. (NYSE:SRI). Chicago Equity Prns Lc owns 35,330 shares for 0.02% of their portfolio. 203,603 were reported by Hcsf Limited Liability Company. Royal Retail Bank Of Canada holds 0% or 369,987 shares in its portfolio. 36,497 are held by Los Angeles Mngmt Equity Research Inc. Fincl Bank Of New York Mellon accumulated 296,306 shares. Wms Prtn Lc accumulated 15,600 shares. Voya Management Ltd owns 0% invested in Stoneridge, Inc. (NYSE:SRI) for 12,984 shares. Nwq Inv Mngmt stated it has 1.68 million shares. Ameriprise Financial owns 95,240 shares for 0% of their portfolio. 325,464 are held by Northern.

Stoneridge, Inc. designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, motorcycle, off-highway, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company has market cap of $796.92 million. It operates through three divisions: Control Devices, Electronics, and PST. It has a 17.99 P/E ratio. The Control Devices segment provides sensors, switches, valves, and actuators, as well as other electronic products that monitors, measures, or activates specific functions within a vehicle; and actuator products that enable original equipment manufacturers to deploy power functions in a vehicle, as well as to integrate switching and control functions.

Among 7 analysts covering Stoneridge (NYSE:SRI), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Stoneridge had 12 analyst reports since July 31, 2015 according to SRatingsIntel. BB&T Capital upgraded the stock to “Buy” rating in Monday, September 28 report. FBR Capital maintained the stock with “Hold” rating in Thursday, March 1 report. The rating was upgraded by B. Riley & Co on Friday, July 31 to “Buy”. The firm earned “Hold” rating on Thursday, October 12 by KeyBanc Capital Markets. As per Tuesday, March 6, the company rating was maintained by B. Riley & Co. On Thursday, January 4 the stock rating was maintained by FBR Capital with “Hold”. On Tuesday, March 20 the stock rating was upgraded by Stephens to “Overweight”. The stock has “Neutral” rating by Sidoti on Tuesday, May 31. The company was maintained on Friday, November 17 by KeyBanc Capital Markets.

Since December 7, 2017, it had 0 insider buys, and 13 selling transactions for $13.18 million activity. The insider Hahn Eric sold $568,185. Newell Tracey had sold 8,187 shares worth $870,702. $88,976 worth of Proofpoint, Inc. (NASDAQ:PFPT) was sold by Swaroop Bhagwat. On Thursday, December 7 Knight David sold $256,405 worth of Proofpoint, Inc. (NASDAQ:PFPT) or 3,000 shares. On Wednesday, January 3 the insider Steele Gary sold $3.68 million.

Investors sentiment increased to 1.33 in Q4 2017. Its up 0.17, from 1.16 in 2017Q3. It is positive, as 15 investors sold PFPT shares while 85 reduced holdings. 48 funds opened positions while 85 raised stakes. 49.53 million shares or 0.18% more from 49.44 million shares in 2017Q3 were reported. Keybank National Association Oh owns 7,242 shares or 0% of their US portfolio. Point72 Asset Mgmt LP has invested 0.01% in Proofpoint, Inc. (NASDAQ:PFPT). Cipher Capital LP reported 3,900 shares stake. Swiss Savings Bank holds 75,652 shares. 32,885 are owned by Bamco New York. Jabre Cap invested in 0.06% or 3,000 shares. 3,771 are owned by Ameritas Investment Prtn. Dupont Capital Management Corporation reported 4,728 shares. Northern Tru has invested 0.01% in Proofpoint, Inc. (NASDAQ:PFPT). Mutual Of America Cap Management Ltd Liability has 0.21% invested in Proofpoint, Inc. (NASDAQ:PFPT) for 153,620 shares. The Illinois-based Castleark Mgmt Ltd Liability has invested 0.22% in Proofpoint, Inc. (NASDAQ:PFPT). Moreover, Alpha Windward Ltd Liability Company has 0.01% invested in Proofpoint, Inc. (NASDAQ:PFPT) for 125 shares. Neuberger Berman Gru Llc reported 0.03% of its portfolio in Proofpoint, Inc. (NASDAQ:PFPT). Prudential Fincl owns 0% invested in Proofpoint, Inc. (NASDAQ:PFPT) for 5,374 shares. Zweig reported 50,919 shares or 0.49% of all its holdings.

Among 30 analysts covering Proofpoint Inc (NASDAQ:PFPT), 24 have Buy rating, 1 Sell and 5 Hold. Therefore 80% are positive. Proofpoint Inc had 96 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Friday, July 22. Evercore initiated the stock with “Buy” rating in Wednesday, June 29 report. Cowen & Co maintained Proofpoint, Inc. (NASDAQ:PFPT) on Thursday, March 1 with “Buy” rating. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, August 30 report. The rating was upgraded by Goldman Sachs to “Hold” on Tuesday, April 10. As per Wednesday, February 7, the company rating was maintained by Northland Capital. The rating was initiated by Macquarie Research on Friday, July 8 with “Outperform”. Imperial Capital maintained the stock with “Outperform” rating in Monday, January 30 report. On Friday, January 27 the stock rating was maintained by Wedbush with “Outperform”. Stephens maintained the shares of PFPT in report on Wednesday, February 7 with “Buy” rating.

Stoneridge, Inc. (NYSE:SRI) Institutional Positions Chart

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