Aperio Group LLC Boosts Position in Palo Alto Networks, Inc. (PANW)

Aperio Group LLC increased its holdings in shares of Palo Alto Networks, Inc. (NYSE:PANW) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,095 shares of the network technology company’s stock after acquiring an additional 1,115 shares during the period. Aperio Group LLC’s holdings in Palo Alto Networks were worth $2,752,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PANW. Sun Life Financial INC boosted its stake in Palo Alto Networks by 785.0% during the second quarter. Sun Life Financial INC now owns 1,000 shares of the network technology company’s stock worth $134,000 after acquiring an additional 887 shares in the last quarter. Global X Management Co. LLC boosted its stake in Palo Alto Networks by 24.4% during the second quarter. Global X Management Co. LLC now owns 1,168 shares of the network technology company’s stock worth $156,000 after acquiring an additional 229 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Palo Alto Networks by 495.2% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,232 shares of the network technology company’s stock worth $178,000 after buying an additional 1,025 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Palo Alto Networks by 30.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,396 shares of the network technology company’s stock worth $188,000 after buying an additional 322 shares in the last quarter. Finally, OLD National Bancorp IN bought a new position in shares of Palo Alto Networks in the second quarter worth approximately $201,000. 76.85% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks, Inc. (NYSE PANW) opened at $140.35 on Friday. Palo Alto Networks, Inc. has a 12-month low of $107.31 and a 12-month high of $165.69. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.69.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings data on Thursday, August 31st. The network technology company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.92). Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. The business had revenue of $509.00 million for the quarter, compared to the consensus estimate of $487.53 million. During the same quarter last year, the business earned $0.50 EPS. Palo Alto Networks’s revenue for the quarter was up 27.0% compared to the same quarter last year. analysts expect that Palo Alto Networks, Inc. will post -0.5 earnings per share for the current fiscal year.

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In other news, insider Nir Zuk sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $144.69, for a total value of $289,380.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Mark Anderson sold 44,429 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $143.10, for a total transaction of $6,357,789.90. Following the completion of the sale, the president now owns 176,290 shares of the company’s stock, valued at approximately $25,227,099. The disclosure for this sale can be found here. Insiders have sold 284,744 shares of company stock valued at $42,239,296 in the last quarter. 4.80% of the stock is owned by company insiders.

Several research analysts have recently issued reports on PANW shares. Jefferies Group LLC upped their target price on shares of Palo Alto Networks from $155.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, September 1st. Piper Jaffray Companies set a $146.00 target price on shares of Palo Alto Networks and gave the stock a “buy” rating in a research note on Friday, August 25th. BTIG Research reiterated a “buy” rating and issued a $175.00 target price on shares of Palo Alto Networks in a research note on Thursday, August 31st. Vetr upgraded shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $138.40 target price on the stock in a research note on Monday, July 31st. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $168.00 target price (up previously from $160.00) on shares of Palo Alto Networks in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $160.33.

Palo Alto Networks Company 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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