Palo Alto Networks Inc (PANW) Shares Bought by Stifel Financial Corp

Stifel Financial Corp grew its stake in Palo Alto Networks Inc (NYSE:PANW) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,359 shares of the network technology company’s stock after buying an additional 6,201 shares during the period. Stifel Financial Corp owned 0.09% of Palo Alto Networks worth $16,193,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PANW. Bruderman Asset Management LLC acquired a new stake in Palo Alto Networks during the 4th quarter worth $38,000. Karp Capital Management Corp acquired a new stake in Palo Alto Networks during the 4th quarter worth $40,000. Benjamin F. Edwards & Company Inc. boosted its stake in Palo Alto Networks by 26.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 262 shares of the network technology company’s stock worth $49,000 after purchasing an additional 55 shares during the period. Bollard Group LLC acquired a new stake in Palo Alto Networks during the 4th quarter worth $57,000. Finally, Citizens Financial Group Inc RI boosted its stake in Palo Alto Networks by 114.2% during the 4th quarter. Citizens Financial Group Inc RI now owns 392 shares of the network technology company’s stock worth $74,000 after purchasing an additional 209 shares during the period. Institutional investors and hedge funds own 78.89% of the company’s stock.

NYSE:PANW traded down $0.76 during mid-day trading on Friday, hitting $242.00. 19,746 shares of the company’s stock traded hands, compared to its average volume of 1,424,397. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.31. Palo Alto Networks Inc has a 1 year low of $160.08 and a 1 year high of $260.63. The company has a market capitalization of $22.75 billion, a P/E ratio of -440.31, a price-to-earnings-growth ratio of 12.48 and a beta of 0.86.



Palo Alto Networks (NYSE:PANW) last released its quarterly earnings results on Tuesday, February 26th. The network technology company reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.29. Palo Alto Networks had a negative net margin of 3.47% and a positive return on equity of 4.69%. The company had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $682.32 million. During the same period last year, the company earned $0.97 EPS. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. On average, equities research analysts predict that Palo Alto Networks Inc will post 0.82 earnings per share for the current year.

In other Palo Alto Networks news, CMO Rene Bonvanie sold 9,330 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $200.00, for a total transaction of $1,866,000.00. Following the sale, the chief marketing officer now directly owns 45,785 shares of the company’s stock, valued at approximately $9,157,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl M. Eschenbach sold 3,385 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $241.90, for a total transaction of $818,831.50. Following the sale, the director now directly owns 4,359 shares in the company, valued at $1,054,442.10. The disclosure for this sale can be found here. Insiders have sold a total of 210,652 shares of company stock worth $45,891,526 over the last ninety days. 3.10% of the stock is owned by corporate insiders.

PANW has been the subject of a number of analyst reports. Monness Crespi & Hardt restated a “buy” rating and set a $235.00 price objective (down previously from $265.00) on shares of Palo Alto Networks in a research report on Monday, November 26th. Robert W. Baird restated a “buy” rating and set a $250.00 price objective on shares of Palo Alto Networks in a research report on Friday, November 30th. First Analysis upgraded shares of Palo Alto Networks from an “outperform” rating to a “strong-buy” rating and set a $240.00 price objective for the company in a research report on Friday, November 30th. Jefferies Financial Group cut their price objective on shares of Palo Alto Networks from $267.00 to $249.00 and set a “buy” rating for the company in a research report on Friday, November 30th. Finally, BMO Capital Markets cut their price objective on shares of Palo Alto Networks from $260.00 to $205.00 and set a “market perform” rating for the company in a research report on Friday, November 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $267.37.

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Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

Further Reading: Cost of equity and a company’s balance sheet

Institutional Ownership by Quarter for Palo Alto Networks (NYSE:PANW)

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