Oppenheimer & Co. Inc. Has $1.03 Million Stock Position in Palo Alto Networks Inc (NYSE:PANW)

Oppenheimer & Co. Inc. lowered its holdings in shares of Palo Alto Networks Inc (NYSE:PANW) by 23.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 6,298 shares of the network technology company’s stock after selling 1,894 shares during the period. Oppenheimer & Co. Inc.’s holdings in Palo Alto Networks were worth $1,033,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Dai Ichi Life Insurance Company Ltd increased its holdings in Palo Alto Networks by 3.8% in the 4th quarter. Dai Ichi Life Insurance Company Ltd now owns 1,298 shares of the network technology company’s stock worth $300,000 after purchasing an additional 47 shares in the last quarter. Integrated Investment Consultants LLC increased its holdings in Palo Alto Networks by 4.3% in the 4th quarter. Integrated Investment Consultants LLC now owns 1,168 shares of the network technology company’s stock worth $270,000 after purchasing an additional 48 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Palo Alto Networks by 21.1% in the 4th quarter. Quadrant Capital Group LLC now owns 275 shares of the network technology company’s stock worth $59,000 after purchasing an additional 48 shares in the last quarter. Parallel Advisors LLC increased its holdings in Palo Alto Networks by 2.0% in the 4th quarter. Parallel Advisors LLC now owns 2,784 shares of the network technology company’s stock worth $644,000 after purchasing an additional 54 shares in the last quarter. Finally, Montag A & Associates Inc. increased its holdings in Palo Alto Networks by 3.5% in the 1st quarter. Montag A & Associates Inc. now owns 1,956 shares of the network technology company’s stock worth $321,000 after purchasing an additional 67 shares in the last quarter. 77.99% of the stock is owned by institutional investors.

PANW stock opened at $237.93 on Friday. The stock’s 50 day simple moving average is $195.88 and its 200 day simple moving average is $214.24. Palo Alto Networks Inc has a fifty-two week low of $125.47 and a fifty-two week high of $251.10. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.78 and a current ratio of 1.78. The company has a market cap of $22.88 billion, a P/E ratio of -100.82 and a beta of 1.14.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings data on Thursday, May 21st. The network technology company reported $1.17 EPS for the quarter, topping the consensus estimate of ($0.37) by $1.54. The firm had revenue of $869.40 million during the quarter, compared to the consensus estimate of $831.52 million. Palo Alto Networks had a negative return on equity of 5.65% and a negative net margin of 7.01%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.31 earnings per share. Equities analysts predict that Palo Alto Networks Inc will post -0.77 earnings per share for the current year.

A number of brokerages have issued reports on PANW. Jefferies Financial Group upped their target price on Palo Alto Networks from $200.00 to $275.00 and gave the stock a “buy” rating in a report on Friday. Dougherty & Co upgraded Palo Alto Networks from a “neutral” rating to a “buy” rating and set a $260.00 price target on the stock in a research report on Tuesday. Credit Suisse Group upped their price target on Palo Alto Networks from $190.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday. Rosenblatt Securities reiterated a “buy” rating and issued a $270.00 price target on shares of Palo Alto Networks in a research report on Friday. Finally, OTR Global lowered Palo Alto Networks to a “positive” rating in a research report on Friday, May 8th. Twelve analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Palo Alto Networks has an average rating of “Buy” and a consensus target price of $254.48.

In other news, EVP Nir Zuk sold 12,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $165.75, for a total value of $1,989,000.00. Following the completion of the sale, the executive vice president now directly owns 838,699 shares of the company’s stock, valued at $139,014,359.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Donovan acquired 8,102 shares of the stock in a transaction dated Monday, March 2nd. The stock was bought at an average cost of $185.35 per share, with a total value of $1,501,705.70. Following the completion of the purchase, the director now owns 11,222 shares of the company’s stock, valued at $2,079,997.70. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

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.

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

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