Quantum Capital Management decreased its stake in shares of Palo Alto Networks Inc (NYSE:PANW) by 15.4% during the 3rd quarter, Holdings Channel reports. The firm owned 13,114 shares of the network technology company’s stock after selling 2,380 shares during the period. Quantum Capital Management’s holdings in Palo Alto Networks were worth $2,954,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Banco de Sabadell S.A acquired a new position in shares of Palo Alto Networks during the 2nd quarter worth approximately $103,000. CIBC Private Wealth Group LLC increased its holdings in shares of Palo Alto Networks by 2,475.0% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 515 shares of the network technology company’s stock worth $106,000 after acquiring an additional 495 shares during the last quarter. First Manhattan Co. acquired a new position in shares of Palo Alto Networks during the 3rd quarter worth approximately $106,000. Price Capital Management Inc. acquired a new position in shares of Palo Alto Networks during the 3rd quarter worth approximately $113,000. Finally, LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Palo Alto Networks during the 2nd quarter worth approximately $123,000. 80.07% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:PANW opened at $176.78 on Thursday. The firm has a market cap of $16.73 billion, a PE ratio of -321.42, a P/E/G ratio of 12.46 and a beta of 1.22. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.42. Palo Alto Networks Inc has a fifty-two week low of $135.85 and a fifty-two week high of $239.50.

Palo Alto Networks (NYSE:PANW) last released its earnings results on Thursday, September 6th. The network technology company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. The firm had revenue of $658.10 million during the quarter, compared to the consensus estimate of $634.14 million. Palo Alto Networks had a negative return on equity of 4.12% and a negative net margin of 6.51%. The company’s revenue was up 29.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. On average, research analysts expect that Palo Alto Networks Inc will post 0.61 earnings per share for the current year.

In other news, Director Mark D. Mclaughlin sold 40,000 shares of the company’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $184.23, for a total transaction of $7,369,200.00. Following the completion of the sale, the director now directly owns 256,952 shares in the company, valued at approximately $47,338,266.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Mark Anderson sold 30,000 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $231.92, for a total value of $6,957,600.00. Following the sale, the president now owns 140,841 shares of the company’s stock, valued at $32,663,844.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 285,178 shares of company stock valued at $62,189,621. Corporate insiders own 3.10% of the company’s stock.

A number of research analysts recently weighed in on PANW shares. ValuEngine raised Palo Alto Networks from a “buy” rating to a “strong-buy” rating in a report on Friday, August 3rd. Zacks Investment Research downgraded Palo Alto Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Raymond James boosted their price target on Palo Alto Networks from $240.00 to $254.00 and gave the company an “outperform” rating in a research note on Wednesday, September 5th. Evercore ISI restated a “buy” rating and issued a $270.00 price target on shares of Palo Alto Networks in a research note on Friday, September 7th. Finally, Jefferies Financial Group boosted their price target on Palo Alto Networks to $267.00 and gave the company a “buy” rating in a research note on Friday, September 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $240.20.

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Palo Alto Networks Profile

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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