Quantbot Technologies LP raised its holdings in Palo Alto Networks, Inc. (NYSE:PANW) by 63.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,837 shares of the network technology company’s stock after purchasing an additional 4,587 shares during the quarter. Quantbot Technologies LP’s holdings in Palo Alto Networks were worth $1,705,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PANW. Prudential Financial Inc. increased its stake in Palo Alto Networks by 83.8% in the first quarter. Prudential Financial Inc. now owns 5,220 shares of the network technology company’s stock valued at $588,000 after purchasing an additional 2,380 shares during the period. Dimensional Fund Advisors LP increased its stake in Palo Alto Networks by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 88,509 shares of the network technology company’s stock valued at $9,974,000 after purchasing an additional 5,399 shares during the period. Capstone Asset Management Co. increased its stake in Palo Alto Networks by 1.3% in the second quarter. Capstone Asset Management Co. now owns 2,284 shares of the network technology company’s stock valued at $306,000 after purchasing an additional 30 shares during the period. Fisher Asset Management LLC increased its stake in Palo Alto Networks by 0.9% in the second quarter. Fisher Asset Management LLC now owns 7,700 shares of the network technology company’s stock valued at $1,030,000 after purchasing an additional 66 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in Palo Alto Networks by 6.0% in the second quarter. State of Alaska Department of Revenue now owns 2,129 shares of the network technology company’s stock valued at $284,000 after purchasing an additional 120 shares during the period. Institutional investors own 77.50% of the company’s stock.

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Shares of Palo Alto Networks, Inc. (NYSE PANW) opened at $142.72 on Friday. Palo Alto Networks, Inc. has a 52-week low of $107.31 and a 52-week high of $164.57. The company has a current ratio of 1.65, a quick 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) 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 during the quarter, compared to analyst estimates of $487.53 million. During the same period in the previous year, the company earned $0.50 EPS. Palo Alto Networks’s revenue was up 27.0% on a year-over-year basis. analysts forecast that Palo Alto Networks, Inc. will post -0.5 EPS for the current fiscal year.

In other news, insider Nir Zuk sold 146,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $149.86, for a total value of $21,879,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl M. Eschenbach sold 1,572 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $144.99, for a total transaction of $227,924.28. Following the completion of the transaction, the director now owns 3,619 shares of the company’s stock, valued at $524,718.81. The disclosure for this sale can be found here. Insiders sold 284,744 shares of company stock valued at $42,239,296 in the last three months. Company insiders own 4.80% of the company’s stock.

A number of brokerages have recently issued reports on PANW. Piper Jaffray Companies set a $155.00 price target on shares of Palo Alto Networks and gave the stock a “buy” rating in a research note on Sunday, November 12th. Dougherty & Co boosted their price target on shares of Palo Alto Networks from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, September 28th. Robert W. Baird reiterated a “hold” rating and set a $149.00 price target on shares of Palo Alto Networks in a research note on Thursday, September 28th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $173.00 price target on shares of Palo Alto Networks in a research note on Thursday, September 28th. Finally, ValuEngine upgraded shares of Palo Alto Networks from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $160.33.

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.

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

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