Asset Mgmt holds 0.02% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 3,181 shares. Captrust Financial Advisors bought a new stake in Palo Alto Networks during the second quarter valued at approximately $256,000. The fund owned 14,892 shares of the network technology company’s stock at the end of the second quarter.
Several other equities analysts have also recently weighed in on PANW. About shares traded. Palo Alto Networks Inc (NYSE:PANW) has declined 16.31% since August 11, 2016 and is downtrending. Following the completion of the sale, the director now directly owns 271,645 shares of the company’s stock, valued at approximately $37,478,860.65.
Palo Alto Networks, Inc offers a next-generation security platform. FMR LLC owned about 0.21% of Palo Alto Networks worth $21,923,000 at the end of the most recent reporting period. Dimensional Fund Advisors LP boosted its position in Palo Alto Networks by 6.4% in the fourth quarter. The Westfield Capital Management Company Lp holds 651,090 shares with $81.42 million value, down from 1.09 million last quarter. Bank of Montreal Can boosted its position in shares of Palo Alto Networks by 4.1% in the first quarter. Glynn Capital Management Llc who had been investing in Palo Alto Networks Inc. for a number of months, seems to be bullish on the $11.83B market cap company. The fund owned 194,564 shares of the network technology company’s stock after selling 45,548 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock. Accuvest Glob Advsr stated it has 0.29% in Palo Alto Networks Inc (NYSE:PANW). M&T Commercial Bank stated it has 0.05% in Palo Alto Networks Inc (NYSE:PANW).
The company is trading up from yesterday’s close of $127.72. The stock has a 50-day moving average price of $135.51 and a 200 day moving average price of $128.43.
Hartline Investment Corp/ cut its holdings by shedding 152 shares a decrease of 1.2% in the quarter. Pitcairn holds 0.06% or 3,682 shares. The firm had revenue of $431.80 million during the quarter, compared to analysts’ expectations of $412.11 million. Daiwa Group has invested 0% in Palo Alto Networks Inc (NYSE:PANW). The company’s revenue for the quarter was up 24.9% compared to the same quarter past year. During the same quarter in the prior year, the business posted $0.42 earnings per share. News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Palo Alto Networks, Inc. with MarketBeat.com’s FREE daily email newsletter. Susquehanna Bancshares Inc assumed coverage on Palo Alto Networks in a report on Wednesday, June 7th. Lazard Asset Limited Liability Corporation invested 0.01% of its portfolio in Palo Alto Networks Inc (NYSE:PANW). If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and global copyright and trademark law. The correct version of this report can be viewed at https://www.chaffeybreeze.com/2017/08/12/palo-alto-networks-inc-nysepanw-lifted-to-hold-at-valuengine.html.
(NYSE:PANW) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Saturday. Moreover, Cornerstone Advsrs has 0.06% invested in Palo Alto Networks Inc (NYSE:PANW). Robert W. Baird reaffirmed a “hold” rating and issued a $145.00 price target (up previously from $130.00) on shares of Palo Alto Networks in a research report on Thursday, June 1st. Jefferies Group LLC upgraded shares of Palo Alto Networks from a “hold” rating to a “buy” rating and boosted their target price for the company from $130.00 to $150.00 in a research note on Friday, May 19th.
The share price of Palo Alto Networks, Inc. BTIG Research reiterated a “buy” rating and issued a $155.00 price objective on shares of Palo Alto Networks in a report on Thursday, June 1st. Palo Alto Networks presently has an average rating of “Buy” and a consensus price target of $150.94.
In related news, Director James J. Goetz sold 30,000 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $137.97, for a total transaction of $4,139,100.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Wedbush Securities Inc. now owns 5,437 shares of the network technology company’s stock valued at $613,000 after buying an additional 23 shares during the last quarter. The brokerage now has $138.40 price target on the network technology company’s stock.