Palo Alto Networks, Inc. (NYSE:PANW) Holdings Raised by Cipher Capital LP

Cipher Capital LP increased its position in Palo Alto Networks, Inc. (NYSE:PANW) by 175.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,966 shares of the network technology company’s stock after acquiring an additional 15,274 shares during the quarter. Cipher Capital LP’s holdings in Palo Alto Networks were worth $3,453,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Endurance Wealth Management Inc. increased its holdings in Palo Alto Networks by 0.3% in the 2nd quarter. Endurance Wealth Management Inc. now owns 3,610 shares of the network technology company’s stock worth $483,000 after acquiring an additional 11 shares in the last quarter. Capstone Asset Management Co. increased its holdings in Palo Alto Networks by 1.3% in the 2nd quarter. Capstone Asset Management Co. now owns 2,284 shares of the network technology company’s stock worth $306,000 after acquiring an additional 30 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in Palo Alto Networks by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 16,971 shares of the network technology company’s stock worth $2,271,000 after acquiring an additional 43 shares in the last quarter. WESPAC Advisors SoCal LLC increased its holdings in Palo Alto Networks by 2.4% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the network technology company’s stock worth $284,000 after acquiring an additional 50 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Palo Alto Networks by 2.2% in the 2nd quarter. Nordea Investment Management AB now owns 2,607 shares of the network technology company’s stock worth $349,000 after acquiring an additional 55 shares in the last quarter. 79.98% of the stock is owned by institutional investors.

In other news, Director Carl M. Eschenbach sold 1,572 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $144.99, for a total transaction of $227,924.28. Following the transaction, the director now owns 3,619 shares in the company, valued at $524,718.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nir Zuk sold 2,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $145.01, for a total value of $290,020.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 329,171 shares of company stock worth $48,931,891. Insiders own 4.80% of the company’s stock.

Shares of Palo Alto Networks, Inc. (PANW) opened at $142.89 on Tuesday. Palo Alto Networks, Inc. has a 52 week low of $107.31 and a 52 week high of $157.65.

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

Several research analysts have weighed in on PANW shares. BidaskClub upgraded Palo Alto Networks from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Rosenblatt Securities restated a “buy” rating and issued a $160.00 price target on shares of Palo Alto Networks in a research note on Friday, September 1st. Oppenheimer restated a “buy” rating and issued a $180.00 price target (up from $173.00) on shares of Palo Alto Networks in a research note on Tuesday, November 21st. UBS set a $140.00 price target on Palo Alto Networks and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Finally, Citigroup reiterated a “buy” rating and set a $168.00 target price (up from $160.00) on shares of Palo Alto Networks in a research report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $162.84.

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Palo Alto Networks Company 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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