3,500 Shares in Palo Alto Networks, Inc. (PANW) Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC bought a new position in shares of Palo Alto Networks, Inc. (NYSE:PANW) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,500 shares of the network technology company’s stock, valued at approximately $468,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Palo Alto Networks by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 7,007,233 shares of the network technology company’s stock valued at $789,575,000 after buying an additional 263,433 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Palo Alto Networks by 16.7% during the 1st quarter. Renaissance Technologies LLC now owns 2,152,800 shares of the network technology company’s stock valued at $242,578,000 after buying an additional 307,800 shares during the period. Clearbridge Investments LLC raised its holdings in Palo Alto Networks by 11.3% in the 1st quarter. Clearbridge Investments LLC now owns 1,888,116 shares of the network technology company’s stock worth $212,753,000 after purchasing an additional 191,475 shares during the period. American Century Companies Inc. raised its holdings in Palo Alto Networks by 512.7% in the 2nd quarter. American Century Companies Inc. now owns 1,747,339 shares of the network technology company’s stock worth $233,811,000 after purchasing an additional 1,462,162 shares during the period. Finally, CI Global Investments Inc. raised its holdings in Palo Alto Networks by 17.4% in the 1st quarter. CI Global Investments Inc. now owns 1,580,240 shares of the network technology company’s stock worth $178,061,000 after purchasing an additional 234,623 shares during the period. Hedge funds and other institutional investors own 77.05% of the company’s stock.

In other news, Director Carl M. Eschenbach sold 1,572 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $144.99, for a total transaction of $227,924.28. Following the completion of the transaction, the director now directly owns 3,619 shares in the company, valued at approximately $524,718.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nir Zuk sold 2,000 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was 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. Insiders have sold a total of 33,572 shares of company stock valued at $4,657,044 over the last 90 days. Corporate insiders own 4.80% of the company’s stock.

Shares of Palo Alto Networks, Inc. (PANW) traded up 0.333% during midday trading on Friday, reaching $142.975. 169,491 shares of the company traded hands. Palo Alto Networks, Inc. has a 12 month low of $107.31 and a 12 month high of $165.69. The firm’s market capitalization is $13.13 billion. The company has a 50 day moving average of $134.51 and a 200 day moving average of $125.93.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings data on Thursday, August 31st. The network technology company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.92). The firm had revenue of $509.00 million during the quarter, compared to analyst estimates of $487.53 million. Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. Palo Alto Networks’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 earnings per share. On average, equities research analysts predict that Palo Alto Networks, Inc. will post $3.34 earnings per share for the current fiscal year.

A number of research firms have commented on PANW. BidaskClub raised Palo Alto Networks from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $150.00 price objective (up previously from $145.00) on shares of Palo Alto Networks in a research report on Tuesday, September 5th. Raymond James Financial, Inc. restated an “outperform” rating and set a $160.00 price objective (up previously from $145.00) on shares of Palo Alto Networks in a research report on Tuesday, September 5th. Imperial Capital upgraded Palo Alto Networks from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $137.00 to $165.00 in a research report on Tuesday, September 5th. Finally, FBN Securities reiterated a “sector perform” rating and issued a $155.00 price target (up previously from $135.00) on shares of Palo Alto Networks in a research report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $157.91.

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Palo Alto Networks 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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