Palo Alto Networks Inc (PANW) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. cut its holdings in Palo Alto Networks Inc (NYSE:PANW) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 53,545 shares of the network technology company’s stock after selling 2,974 shares during the period. Brown Advisory Inc.’s holdings in Palo Alto Networks were worth $10,085,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PANW. Brown Advisory Securities LLC increased its stake in shares of Palo Alto Networks by 1.0% during the fourth quarter. Brown Advisory Securities LLC now owns 4,863 shares of the network technology company’s stock worth $891,000 after acquiring an additional 46 shares during the period. Stifel Financial Corp boosted its holdings in Palo Alto Networks by 7.8% during the fourth quarter. Stifel Financial Corp now owns 85,359 shares of the network technology company’s stock worth $16,193,000 after buying an additional 6,201 shares in the last quarter. Granite Investment Partners LLC boosted its holdings in Palo Alto Networks by 77.8% during the fourth quarter. Granite Investment Partners LLC now owns 51,930 shares of the network technology company’s stock worth $9,781,000 after buying an additional 22,720 shares in the last quarter. Prudential PLC purchased a new stake in Palo Alto Networks during the fourth quarter worth about $207,000. Finally, Flinton Capital Management LLC boosted its holdings in Palo Alto Networks by 6.8% during the fourth quarter. Flinton Capital Management LLC now owns 8,336 shares of the network technology company’s stock worth $1,570,000 after buying an additional 528 shares in the last quarter. Institutional investors own 78.89% of the company’s stock.

Shares of NYSE PANW opened at $242.76 on Friday. Palo Alto Networks Inc has a 12-month low of $160.08 and a 12-month high of $260.63. The stock has a market capitalization of $22.75 billion, a price-to-earnings ratio of -441.38, a price-to-earnings-growth ratio of 12.48 and a beta of 0.86. 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 (NYSE:PANW) last posted its quarterly earnings data on Tuesday, February 26th. The network technology company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.29. The business had revenue of $711.00 million during the quarter, compared to analyst estimates of $682.32 million. Palo Alto Networks had a negative net margin of 3.47% and a positive return on equity of 4.69%. The company’s revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 earnings per share. On average, equities analysts predict that Palo Alto Networks Inc will post 0.82 EPS for the current fiscal year.

A number of analysts recently commented on PANW shares. Zacks Investment Research raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $236.00 price objective on the stock in a report on Friday, January 25th. First Analysis raised shares of Palo Alto Networks from an “outperform” rating to a “strong-buy” rating and set a $240.00 price objective on the stock in a report on Friday, November 30th. Northland Securities downgraded shares of Palo Alto Networks from an “outperform” rating to a “market perform” rating and set a $240.00 price objective on the stock. in a report on Tuesday, February 26th. Raymond James reissued a “buy” rating on shares of Palo Alto Networks in a report on Sunday, December 2nd. Finally, Credit Suisse Group decreased their price objective on shares of Palo Alto Networks from $185.00 to $160.00 in a report on Sunday, December 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $267.37.

In other news, Director Mark D. Mclaughlin sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $216.37, for a total value of $8,654,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nir Zuk sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $184.49, for a total transaction of $5,534,700.00. The disclosure for this sale can be found here. In the last three months, insiders sold 210,652 shares of company stock valued at $45,891,526. Company insiders own 3.10% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Palo Alto Networks Inc (PANW) Shares Sold by Brown Advisory Inc.” was originally posted by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://dakotafinancialnews.com/2019/03/15/palo-alto-networks-inc-panw-shares-sold-by-brown-advisory-inc.html.

Palo Alto Networks 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.

Featured Story: Bollinger Bands

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks Inc (NYSE:PANW).

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

Receive News & Ratings for Palo Alto Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks and related companies with MarketBeat.com's FREE daily email newsletter.