National Pension Service increased its holdings in shares of Palo Alto Networks Inc (NYSE:PANW) by 13.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 122,941 shares of the network technology company’s stock after purchasing an additional 14,914 shares during the period. National Pension Service owned 0.13% of Palo Alto Networks worth $25,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Berman Capital Advisors LLC lifted its holdings in Palo Alto Networks by 32.1% in the 1st quarter. Berman Capital Advisors LLC now owns 177 shares of the network technology company’s stock worth $42,000 after buying an additional 43 shares in the last quarter. Piedmont Investment Advisors Inc. raised its stake in shares of Palo Alto Networks by 0.7% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 6,661 shares of the network technology company’s stock valued at $1,618,000 after purchasing an additional 46 shares in the last quarter. Oakbrook Investments LLC raised its stake in shares of Palo Alto Networks by 2.0% in the 2nd quarter. Oakbrook Investments LLC now owns 2,525 shares of the network technology company’s stock valued at $514,000 after purchasing an additional 50 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Palo Alto Networks by 15.9% in the 2nd quarter. Captrust Financial Advisors now owns 402 shares of the network technology company’s stock valued at $82,000 after purchasing an additional 55 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Palo Alto Networks by 1.1% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,745 shares of the network technology company’s stock valued at $1,395,000 after purchasing an additional 60 shares in the last quarter. 79.37% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on PANW. Deutsche Bank dropped their price objective on shares of Palo Alto Networks from $305.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. JPMorgan Chase & Co. increased their price objective on shares of Palo Alto Networks from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Jefferies Financial Group dropped their price objective on shares of Palo Alto Networks from $296.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. Wells Fargo & Co dropped their price objective on shares of Palo Alto Networks from $300.00 to $275.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Finally, Maxim Group increased their price objective on shares of Palo Alto Networks from $304.00 to $316.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $261.23.

In related news, EVP Nir Zuk sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $204.88, for a total transaction of $2,458,560.00. Following the completion of the sale, the executive vice president now directly owns 924,857 shares in the company, valued at $189,484,702.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathleen Bonanno sold 1,609 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $224.00, for a total transaction of $360,416.00. Following the sale, the chief financial officer now owns 28,572 shares of the company’s stock, valued at $6,400,128. The disclosure for this sale can be found here. Insiders sold 171,220 shares of company stock valued at $36,666,236 over the last quarter. Insiders own 3.10% of the company’s stock.

NYSE PANW traded down $1.10 on Thursday, hitting $209.09. The stock had a trading volume of 32,986 shares, compared to its average volume of 1,656,697. Palo Alto Networks Inc has a one year low of $160.08 and a one year high of $260.63. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.90. The stock has a market cap of $20.93 billion, a price-to-earnings ratio of 330.54, a P/E/G ratio of 19.78 and a beta of 0.94. The company’s 50-day moving average is $210.23 and its two-hundred day moving average is $222.19.

Palo Alto Networks (NYSE:PANW) last posted its earnings results on Wednesday, September 4th. The network technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.08). Palo Alto Networks had a positive return on equity of 4.82% and a negative net margin of 2.82%. The firm had revenue of $805.80 million during the quarter, compared to the consensus estimate of $803.56 million. During the same quarter last year, the company posted $1.28 EPS. Palo Alto Networks’s revenue for the quarter was up 22.4% on a year-over-year basis. On average, sell-side analysts anticipate that Palo Alto Networks Inc will post 0.47 earnings per share for the current year.

About Palo Alto Networks

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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