Palo Alto Networks Inc (PANW) Position Increased by Green Square Capital LLC

Green Square Capital LLC grew its stake in Palo Alto Networks Inc (NYSE:PANW) by 30.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,027 shares of the network technology company’s stock after purchasing an additional 939 shares during the quarter. Green Square Capital LLC’s holdings in Palo Alto Networks were worth $580,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of PANW. First Trust Advisors LP increased its stake in shares of Palo Alto Networks by 55.1% in the 3rd quarter. First Trust Advisors LP now owns 204,302 shares of the network technology company’s stock worth $29,440,000 after acquiring an additional 72,573 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Palo Alto Networks by 32.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 95,049 shares of the network technology company’s stock worth $12,719,000 after acquiring an additional 23,292 shares in the last quarter. Synovus Financial Corp increased its stake in shares of Palo Alto Networks by 17.3% in the 2nd quarter. Synovus Financial Corp now owns 14,361 shares of the network technology company’s stock worth $1,919,000 after acquiring an additional 2,122 shares in the last quarter. Cambridge Trust Co. increased its stake in shares of Palo Alto Networks by 48.5% in the 3rd quarter. Cambridge Trust Co. now owns 137,115 shares of the network technology company’s stock worth $19,758,000 after acquiring an additional 44,759 shares in the last quarter. Finally, Trellus Management Company LLC bought a new position in shares of Palo Alto Networks in the 3rd quarter worth about $461,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Palo Alto Networks Inc (PANW) traded down $0.42 during trading on Thursday, hitting $149.26. 1,101,888 shares of the stock traded hands, compared to its average volume of 1,480,000. The company has a market capitalization of $13,720.00, a PE ratio of -60.67 and a beta of 0.99. 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 quarterly earnings data on Monday, November 20th. The network technology company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.06. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. The firm had revenue of $505.50 million for the quarter, compared to analysts’ expectations of $489.36 million. During the same quarter last year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 27.0% compared to the same quarter last year. sell-side analysts expect that Palo Alto Networks Inc will post -0.37 earnings per share for the current year.

A number of research firms have weighed in on PANW. Dougherty & Co raised their price objective on shares of Palo Alto Networks from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, September 28th. Robert W. Baird restated a “hold” rating and set a $149.00 price objective on shares of Palo Alto Networks in a research note on Thursday, September 28th. Oppenheimer restated a “buy” rating and set a $173.00 price objective on shares of Palo Alto Networks in a research note on Thursday, September 28th. Maxim Group restated a “buy” rating and set a $195.00 price objective (up from $168.00) on shares of Palo Alto Networks in a research note on Thursday, September 28th. Finally, BidaskClub lowered shares of Palo Alto Networks from a “hold” rating to a “sell” rating in a research note on Thursday, September 21st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-two have given a buy rating to the company’s stock. Palo Alto Networks has an average rating of “Buy” and an average price target of $164.89.

In other Palo Alto Networks news, Director James J. Goetz sold 78,000 shares of Palo Alto Networks stock in a transaction on 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark D. Mclaughlin sold 35,000 shares of Palo Alto Networks stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $149.70, for a total transaction of $5,239,500.00. The disclosure for this sale can be found here. Insiders sold 524,387 shares of company stock worth $77,822,080 in the last 90 days. 4.80% of the stock is currently owned by company insiders.

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About Palo Alto Networks

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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