FNY Partners Fund LP lifted its holdings in shares of Palo Alto Networks, Inc. (NYSE:PANW) by 300.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,000 shares of the network technology company’s stock after buying an additional 3,000 shares during the period. FNY Partners Fund LP’s holdings in Palo Alto Networks were worth $535,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of PANW. Capstone Asset Management Co. raised its holdings in shares of Palo Alto Networks by 19.6% during the 1st quarter. Capstone Asset Management Co. now owns 2,254 shares of the network technology company’s stock worth $254,000 after buying an additional 370 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Palo Alto Networks by 1,900.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the network technology company’s stock worth $225,000 after buying an additional 1,900 shares in the last quarter. Waldron LP raised its holdings in shares of Palo Alto Networks by 105.2% during the 1st quarter. Waldron LP now owns 12,850 shares of the network technology company’s stock worth $1,749,000 after buying an additional 6,587 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Palo Alto Networks by 10.8% during the 1st quarter. ProShare Advisors LLC now owns 2,172 shares of the network technology company’s stock worth $245,000 after buying an additional 211 shares in the last quarter. Finally, BB&T Corp acquired a new position in shares of Palo Alto Networks during the 1st quarter worth $331,000. 77.05% of the stock is owned by institutional investors.

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Palo Alto Networks, Inc. (NYSE PANW) traded up 0.91% on Monday, hitting $145.34. The stock had a trading volume of 555,163 shares. The company’s market cap is $13.35 billion. Palo Alto Networks, Inc. has a 1-year low of $107.31 and a 1-year high of $165.69. The stock has a 50 day moving average price of $133.83 and a 200 day moving average price of $125.80.

Palo Alto Networks (NYSE:PANW) last issued its earnings results on Thursday, August 31st. The network technology company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by $0.92. The company had revenue of $509 million for the quarter, compared to analysts’ expectations of $487.53 million. Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The business’s revenue was up 27.0% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. On average, equities research analysts expect that Palo Alto Networks, Inc. will post $3.34 EPS for the current fiscal year.

In other news, Director James J. Goetz sold 30,000 shares of the firm’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 transaction, the director now directly owns 271,645 shares of the company’s stock, valued at $37,478,860.65. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.80% of the company’s stock.

PANW has been the subject of a number of research analyst reports. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $173.00 price target on shares of Palo Alto Networks in a report on Tuesday, May 23rd. Piper Jaffray Companies set a $146.00 price target on Palo Alto Networks and gave the stock a “buy” rating in a report on Friday, August 25th. Cowen and Company reissued an “outperform” rating and set a $165.00 price target (up previously from $150.00) on shares of Palo Alto Networks in a report on Thursday, June 1st. Deutsche Bank AG reissued a “hold” rating and set a $135.00 price target (up previously from $125.00) on shares of Palo Alto Networks in a report on Thursday, June 1st. Finally, Susquehanna Bancshares Inc initiated coverage on Palo Alto Networks in a report on Wednesday, June 7th. They set a “neutral” rating and a $145.00 price target for the company. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. Palo Alto Networks currently has an average rating of “Buy” and a consensus price target of $157.91.

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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