Palo Alto Networks Inc (PANW) Position Reduced by Scout Investments Inc.

Scout Investments Inc. lowered its position in shares of Palo Alto Networks Inc (NYSE:PANW) by 0.9% in the 4th quarter, HoldingsChannel reports. The fund owned 166,126 shares of the network technology company’s stock after selling 1,545 shares during the period. Scout Investments Inc.’s holdings in Palo Alto Networks were worth $31,290,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Webster Bank N. A. purchased a new position in Palo Alto Networks during the fourth quarter valued at approximately $188,000. Atalanta Sosnoff Capital LLC grew its stake in Palo Alto Networks by 6,905.2% during the fourth quarter. Atalanta Sosnoff Capital LLC now owns 133,099 shares of the network technology company’s stock valued at $25,069,000 after acquiring an additional 131,199 shares in the last quarter. CENTRAL TRUST Co grew its stake in Palo Alto Networks by 7.5% during the fourth quarter. CENTRAL TRUST Co now owns 801 shares of the network technology company’s stock valued at $151,000 after acquiring an additional 56 shares in the last quarter. North Star Investment Management Corp. grew its stake in Palo Alto Networks by 28.6% during the fourth quarter. North Star Investment Management Corp. now owns 450 shares of the network technology company’s stock valued at $85,000 after acquiring an additional 100 shares in the last quarter. Finally, Cohen & Steers Inc. grew its stake in Palo Alto Networks by 14,527.4% during the third quarter. Cohen & Steers Inc. now owns 33,643 shares of the network technology company’s stock valued at $7,578,000 after acquiring an additional 33,413 shares in the last quarter. 80.29% of the stock is owned by institutional investors.

NYSE:PANW traded down $0.03 during midday trading on Friday, reaching $195.97. 865,487 shares of the stock traded hands, compared to its average volume of 1,104,711. Palo Alto Networks Inc has a 12 month low of $148.41 and a 12 month high of $239.50. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $18.32 billion, a P/E ratio of -356.31, a P/E/G ratio of 11.58 and a beta of 0.81.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings results on Thursday, November 29th. The network technology company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.02. Palo Alto Networks had a negative net margin of 5.04% and a negative return on equity of 1.72%. The company had revenue of $656.00 million during the quarter, compared to analyst estimates of $632.16 million. During the same period in the prior year, the business posted $0.74 EPS. The firm’s revenue was up 30.7% compared to the same quarter last year. As a group, analysts anticipate that Palo Alto Networks Inc will post 0.71 EPS for the current year.

Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of Palo Alto Networks from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 29th. Robert W. Baird reiterated a “buy” rating and set a $250.00 target price on shares of Palo Alto Networks in a research report on Friday, November 30th. Monness Crespi & Hardt reiterated a “buy” rating and set a $235.00 target price (down from $265.00) on shares of Palo Alto Networks in a research report on Monday, November 26th. Zacks Investment Research reiterated a “hold” rating and set a $212.00 target price on shares of Palo Alto Networks in a research report on Wednesday, November 14th. Finally, Gabelli upgraded shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $207.00 target price for the company in a research report on Friday, November 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $238.60.

In related news, Director Mark D. Mclaughlin sold 6,736 shares of the company’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $195.00, for a total transaction of $1,313,520.00. Following the completion of the sale, the director now directly owns 221,926 shares in the company, valued at approximately $43,275,570. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stanley J. Meresman sold 1,958 shares of the company’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $177.48, for a total transaction of $347,505.84. Following the sale, the director now owns 1,658 shares of the company’s stock, valued at $294,261.84. The disclosure for this sale can be found here. Insiders have sold a total of 143,194 shares of company stock valued at $26,307,826 over the last quarter. 3.10% of the stock is currently owned by company insiders.

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About Palo Alto Networks

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

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

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