Strs Ohio Has $109.45 Million Position in Palo Alto Networks Inc (NYSE:PANW)

Strs Ohio boosted its holdings in shares of Palo Alto Networks Inc (NYSE:PANW) by 61.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 536,985 shares of the network technology company’s stock after buying an additional 205,032 shares during the period. Strs Ohio’s holdings in Palo Alto Networks were worth $109,453,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Whittier Trust Co. raised its holdings in shares of Palo Alto Networks by 161.0% in the third quarter. Whittier Trust Co. now owns 804 shares of the network technology company’s stock valued at $164,000 after buying an additional 496 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of Palo Alto Networks by 7.6% in the third quarter. Stephens Inc. AR now owns 7,353 shares of the network technology company’s stock valued at $1,499,000 after buying an additional 522 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in shares of Palo Alto Networks by 18.7% in the third quarter. Stephens Investment Management Group LLC now owns 129,271 shares of the network technology company’s stock valued at $26,349,000 after buying an additional 20,350 shares during the last quarter. Kistler Tiffany Companies LLC raised its holdings in shares of Palo Alto Networks by 18.6% in the third quarter. Kistler Tiffany Companies LLC now owns 830 shares of the network technology company’s stock valued at $169,000 after buying an additional 130 shares during the last quarter. Finally, Lake Street Financial LLC raised its holdings in shares of Palo Alto Networks by 3.2% in the third quarter. Lake Street Financial LLC now owns 3,100 shares of the network technology company’s stock valued at $632,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 78.56% of the company’s stock.

Shares of PANW stock traded down $0.93 on Monday, reaching $211.68. The company had a trading volume of 230,719 shares, compared to its average volume of 1,044,616. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.90. The stock has a market cap of $20.41 billion, a PE ratio of 336.00 and a beta of 0.99. The company has a 50-day moving average of $208.46 and a 200-day moving average of $217.35. Palo Alto Networks Inc has a 12 month low of $160.08 and a 12 month high of $260.63.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings results on Wednesday, September 4th. The network technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.08). The company had revenue of $805.80 million during the quarter, compared to the consensus estimate of $803.56 million. Palo Alto Networks had a negative net margin of 2.82% and a positive return on equity of 4.82%. The business’s revenue was up 22.4% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. Sell-side analysts anticipate that Palo Alto Networks Inc will post -0.05 earnings per share for the current year.

A number of research analysts recently issued reports on PANW shares. ValuEngine raised Palo Alto Networks from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Credit Suisse Group lifted their price target on Palo Alto Networks from $185.00 to $195.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. Wells Fargo & Co cut their price target on Palo Alto Networks from $300.00 to $275.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. BMO Capital Markets cut their price target on Palo Alto Networks from $250.00 to $245.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Finally, SunTrust Banks started coverage on Palo Alto Networks in a report on Wednesday, October 2nd. They issued a “buy” rating and a $246.00 price target for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $260.74.

In other news, CFO Kathleen Bonanno sold 1,609 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $224.00, for a total value of $360,416.00. Following the completion of the sale, the chief financial officer now directly owns 28,572 shares of the company’s stock, valued at approximately $6,400,128. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Nir Zuk sold 12,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $205.66, for a total value of $2,467,920.00. Following the completion of the sale, the executive vice president now directly owns 907,131 shares of the company’s stock, valued at $186,560,561.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,609 shares of company stock valued at $25,486,256. 3.10% of the stock is currently owned by company insiders.

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.

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

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