Tocqueville Asset Management L.P. boosted its stake in Palo Alto Networks Inc. (NYSE:PANW) by 7.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 83,440 shares of the network technology company’s stock after buying an additional 5,785 shares during the period. Tocqueville Asset Management L.P. owned about 0.09% of Palo Alto Networks worth $10,233,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. boosted its position in Palo Alto Networks by 10.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 814 shares of the network technology company’s stock valued at $100,000 after buying an additional 76 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in Palo Alto Networks by 6.7% in the second quarter. Integrated Investment Consultants LLC now owns 1,040 shares of the network technology company’s stock valued at $128,000 after buying an additional 65 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Palo Alto Networks by 128.3% in the second quarter. Checchi Capital Advisers LLC now owns 1,155 shares of the network technology company’s stock valued at $142,000 after buying an additional 649 shares in the last quarter. Reynolds Capital Management LLC bought a new position in Palo Alto Networks during the first quarter valued at about $228,000. Finally, Hartford Investment Management Co. boosted its position in Palo Alto Networks by 12.0% in the second quarter. Hartford Investment Management Co. now owns 1,810 shares of the network technology company’s stock valued at $222,000 after buying an additional 194 shares in the last quarter. 80.10% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Palo Alto Networks Inc. (NYSE:PANW) traded down 2.38% during trading on Monday, reaching $146.91. 869,933 shares of the company’s stock were exchanged. The stock’s market cap is $13.35 billion. The stock’s 50 day moving average price is $150.45 and its 200-day moving average price is $139.71. Palo Alto Networks Inc. has a 52-week low of $111.09 and a 52-week high of $194.73.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings data on Tuesday, August 30th. The network technology company reported $0.50 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.50. Palo Alto Networks had a negative net margin of 16.39% and a negative return on equity of 34.28%. The company had revenue of $400.80 million for the quarter, compared to analyst estimates of $389.90 million. During the same period in the prior year, the firm posted $0.28 EPS. The company’s quarterly revenue was up 41.2% on a year-over-year basis. On average, equities research analysts forecast that Palo Alto Networks Inc. will post $2.78 EPS for the current year.

Several research firms have issued reports on PANW. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $170.00 price target (up previously from $167.00) on shares of Palo Alto Networks in a report on Wednesday, August 31st. Argus reissued a “buy” rating and set a $205.00 target price on shares of Palo Alto Networks in a research note on Saturday, September 3rd. RBC Capital Markets reissued an “outperform” rating and set a $175.00 target price (down from $185.00) on shares of Palo Alto Networks in a research note on Wednesday, August 31st. Macquarie assumed coverage on shares of Palo Alto Networks in a research note on Friday, July 8th. They set a “neutral” rating and a $139.00 target price on the stock. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $177.00 target price on shares of Palo Alto Networks in a research note on Thursday, September 1st. Seven analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $181.48.

In related news, Director Daniel J. Warmenhoven sold 1,950 shares of the business’s stock in a transaction on Tuesday, October 11th. The shares were sold at an average price of $159.61, for a total transaction of $311,239.50. Following the transaction, the director now owns 530 shares in the company, valued at approximately $84,593.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nir Zuk sold 103,152 shares of the business’s stock in a transaction on Friday, October 7th. The shares were sold at an average price of $159.36, for a total transaction of $16,438,302.72. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by insiders.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a security company. The Company’s security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud. The Company’s 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.

5 Day Chart for NYSE:PANW

Receive News & Stock Ratings for Palo Alto Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks Inc. and related stocks with our FREE daily email newsletter.