Palo Alto Networks, Inc. (NYSE:PANW) Shares Sold by Fmr LLC

Cornelia Mascio
Agosto 12, 2017

Finally, Salem Investment Counselors Inc. bought a new stake in shares of Palo Alto Networks during the first quarter worth about $191,000.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings results on Wednesday, May 31st. 513,285 shares of the company were exchanged. LLC increased its position in Palo Alto Networks by 31.9% in the first quarter.

Several other equities research analysts have also recently weighed in on PANW. Inc. now owns 19,587 shares of the network technology company's stock worth $2,621,000 after buying an additional 341 shares during the last quarter. The value of the investment in (PANW) went from $4,779,000 to $1,988,000 decreasing 58.4% for the reporting period.

GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. 788726 shares were traded on Palo Alto Networks, Inc.'s last session. The Cambridge Investment Research Advisors Inc holds 4,823 shares with $255,000 value, down from 45,936 last quarter. Moreover, State Of New Jersey Common Pension Fund D has 0.17% invested in Palo Alto Networks Inc (NYSE:PANW) for 310,000 shares. First Interstate Bank now owns 1,375 shares of the network technology company's stock valued at $155,000 after buying an additional 779 shares in the last quarter. OLD National Bancorp IN purchased a new stake in Palo Alto Networks during the second quarter worth approximately $201,000. Gulf International Bank UK Ltd now owns 27,570 shares of the network technology company's stock worth $3,106,000 after buying an additional 935 shares in the last quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock.

Palo Alto Networks, Inc. has a 12-month low of $107.31 and a 12-month high of $165.69. (PANW) traded up 1.46% during mid-day trading on Friday, hitting $129.58.

The company is trading up from yesterday's close of $127.72. The firm's 50 day moving average is $135.51 and its 200-day moving average is $128.43. Palo Alto Networks Inc now has $11.83 billion valuation. RBC Capital Markets maintained the stock with "Buy" rating in Friday, August 4 report. The network technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.06. Palo Alto Networks had a negative return on equity of 23.77% and a negative net margin of 14.38%. The company had revenue of $431.80 million for the quarter, compared to analyst estimates of $412.11 million. During the same quarter a year ago, the company earned $0.42 EPS. The company's revenue was up 24.9% compared to the same quarter a year ago. Equities research analysts predict that Palo Alto Networks will post $2.59 earnings per share for the current year.

06/01/2017 - Palo Alto Networks, Inc. had its "buy" rating reiterated by analysts at Stifel Nicolaus. "(NYSE:PANW) Receives Average Recommendation of "Buy" from Brokerages" was originally published by BBNS and is the property of of BBNS. If you are accessing this report on another publication, it was illegally copied and reposted in violation of US & worldwide copyright & trademark laws. The original version of this report can be read at https://www.baseball-news-blog.com/2017/08/11/palo-alto-networks-inc-nysepanw-shares-sold-by-fmr-llc-updated-updated-updated.html.

Among 49 analysts covering Palo Alto Networks (NYSE:PANW), 32 have Buy rating, 1 Sell and 16 Hold. BidaskClub raised shares of Palo Alto Networks from a "hold" rating to a "buy" rating in a research note on Thursday, July 13th. UBS AG reaffirmed a "neutral" rating and set a $140.00 price objective (up from $130.00) on shares of Palo Alto Networks in a research note on Monday, June 5th. The stock now has an average rating of "Buy" and an average target price of $150.94. Susquehanna Bancshares Inc started coverage on shares of Palo Alto Networks in a research note on Wednesday, June 7th. Palo Alto Networks now has an average rating of Buy and an average target price of $150.94.

In related news, Director James J. Goetz sold 30,000 shares of the stock in a transaction dated Monday, July 10th. Following the completion of the sale, the director now owns 271,645 shares of the company's stock, valued at approximately $37,478,860.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. FNY Partners Fund LP boosted its stake in Palo Alto Networks by 300.0% in the second quarter. The Company's security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud.

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