First Washington CORP Has $4,122,000 Stake in Palo Alto Networks, Inc. (PANW)

First Washington CORP held its position in shares of Palo Alto Networks, Inc. (NYSE:PANW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,803 shares of the network technology company’s stock at the close of the 2nd quarter. Palo Alto Networks accounts for about 2.1% of First Washington CORP’s portfolio, making the stock its 20th largest holding. First Washington CORP’s holdings in Palo Alto Networks were worth $4,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Fox Run Management L.L.C. acquired a new position in shares of Palo Alto Networks in the second quarter worth about $415,000. Mogy Joel R Investment Counsel Inc. raised its position in shares of Palo Alto Networks by 18.6% in the first quarter. Mogy Joel R Investment Counsel Inc. now owns 28,168 shares of the network technology company’s stock worth $3,174,000 after acquiring an additional 4,420 shares during the period. Endurance Wealth Management Inc. raised its position in shares of Palo Alto Networks by 33.5% in the first quarter. Endurance Wealth Management Inc. now owns 3,599 shares of the network technology company’s stock worth $405,000 after acquiring an additional 904 shares during the period. Diversified Trust Co raised its position in shares of Palo Alto Networks by 7.6% in the second quarter. Diversified Trust Co now owns 1,993 shares of the network technology company’s stock worth $267,000 after acquiring an additional 140 shares during the period. Finally, Ranger Investment Management L.P. raised its position in shares of Palo Alto Networks by 33.6% in the first quarter. Ranger Investment Management L.P. now owns 2,980 shares of the network technology company’s stock worth $336,000 after acquiring an additional 750 shares during the period. 77.05% of the stock is currently owned by institutional investors.

In other Palo Alto Networks news, Director James J. Goetz sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $137.97, for a total transaction of $4,139,100.00. Following the completion of the sale, the director now directly owns 271,645 shares in the company, valued at $37,478,860.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.80% of the stock is owned by insiders.

A number of research analysts have weighed in on the stock. Piper Jaffray Companies set a $156.00 price objective on shares of Palo Alto Networks and gave the stock a “buy” rating in a research report on Thursday, June 1st. Cowen and Company reiterated an “outperform” rating and issued a $150.00 price objective on shares of Palo Alto Networks in a research report on Thursday, May 25th. Evercore ISI reiterated an “in-line” rating and issued a $145.00 price objective (up previously from $140.00) on shares of Palo Alto Networks in a research report on Friday, September 1st. UBS AG reiterated a “neutral” rating and issued a $146.00 price objective (up previously from $140.00) on shares of Palo Alto Networks in a research report on Friday, September 1st. Finally, Vetr upgraded shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $140.90 price objective for the company in a research report on Monday, July 3rd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $157.91.

Shares of Palo Alto Networks, Inc. (PANW) traded down 0.54% during trading on Tuesday, reaching $144.10. 1,400,479 shares of the company’s stock traded hands. The stock has a 50-day moving average of $133.83 and a 200-day moving average of $125.61. The company’s market capitalization is $13.23 billion. Palo Alto Networks, Inc. has a 1-year low of $107.31 and a 1-year high of $165.69.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings data on Thursday, August 31st. The network technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.92). Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The business had revenue of $509.00 million for the quarter, compared to analysts’ expectations of $487.53 million. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Palo Alto Networks’s quarterly revenue was up 27.0% compared to the same quarter last year. On average, equities analysts predict that Palo Alto Networks, Inc. will post $3.34 EPS for the current fiscal year.

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Palo Alto Networks Profile

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

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Institutional Ownership by Quarter for Palo Alto Networks (NYSE:PANW)

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