Heritage Investors Management Corp raised its holdings in Palo Alto Networks Inc (NYSE:PANW) by 19.2% in the 4th quarter, Holdings Channel reports. The fund owned 49,281 shares of the network technology company’s stock after acquiring an additional 7,945 shares during the period. Heritage Investors Management Corp’s holdings in Palo Alto Networks were worth $7,143,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Cerebellum GP LLC acquired a new position in Palo Alto Networks in the 4th quarter valued at $127,000. Penserra Capital Management LLC acquired a new stake in shares of Palo Alto Networks during the 3rd quarter worth $162,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Palo Alto Networks by 495.2% during the 3rd 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 during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Palo Alto Networks during the 4th quarter worth $192,000. Finally, Shelton Capital Management acquired a new stake in shares of Palo Alto Networks during the 2nd quarter worth $201,000. Institutional investors own 79.18% of the company’s stock.

A number of analysts have recently commented on PANW shares. Northland Securities set a $175.00 price objective on Palo Alto Networks and gave the stock a “buy” rating in a report on Wednesday, October 18th. BidaskClub downgraded Palo Alto Networks from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Piper Jaffray Companies set a $155.00 price objective on Palo Alto Networks and gave the stock a “buy” rating in a report on Sunday, November 12th. Finally, Oppenheimer restated a “buy” rating and set a $173.00 price objective on shares of Palo Alto Networks in a report on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-four have issued a buy rating to the stock. Palo Alto Networks presently has a consensus rating of “Buy” and an average target price of $167.39.

In related news, Director James J. Goetz sold 78,000 shares of the stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $146.78, for a total transaction of $11,448,840.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark D. Mclaughlin sold 25,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $149.85, for a total transaction of $3,746,250.00. Following the sale, the chief executive officer now owns 374,919 shares in the company, valued at approximately $56,181,612.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 396,644 shares of company stock worth $59,381,588. 4.80% of the stock is owned by company insiders.

Shares of Palo Alto Networks Inc (PANW) opened at $153.87 on Monday. Palo Alto Networks Inc has a 12 month low of $107.31 and a 12 month high of $160.83.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings data on Monday, November 20th. The network technology company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.06. The firm had revenue of $505.50 million for the quarter, compared to analyst estimates of $489.36 million. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. Palo Alto Networks’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. sell-side analysts predict that Palo Alto Networks Inc will post -0.37 earnings per share for the current year.

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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.

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

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