Economy

MA Sells 6140 Shares of Palo Alto Networks, Inc. (PANW)

MA Sells 6140 Shares of Palo Alto Networks, Inc. (PANW)”

(NYSE:PANW) by 19.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 194,564 shares of the network technology company's stock after selling 45,548 shares during the period. Comerica Bankshares reported 0.02% of its portfolio in Palo Alto Networks Inc (NYSE:PANW).

Glynn Capital Management Llc increased its stake in Palo Alto Networks Inc. Following the completion of the sale, the director now directly owns 271,645 shares of the company's stock, valued at approximately $37,478,860.65. Advisors Capital Management LLC now owns 16,811 shares of the network technology company's stock worth $2,249,000 after buying an additional 1,880 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Palo Alto Networks by 4.1% in the first quarter. NEXT Financial Group Inc increased its position in shares of Palo Alto Networks by 0.4% in the first quarter.

Bessemer Group Inc. continued to hold its stake in shares of Palo Alto Networks, Inc. Finally, Gulf International Bank UK Ltd boosted its position in shares of Palo Alto Networks by 3.5% in the first quarter. Chesley Taft & Associates LLC now owns 22,897 shares of the network technology company's stock valued at $2,580,000 after buying an additional 77 shares during 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 (NYSE:PANW) has declined 16.31% since August 11, 2016 and is downtrending. (PANW) opened at 127.72 on Friday.

The stock decreased 1.39% or $0.87 during the last trading session, reaching $61.84. The stock last traded at $129.43 just a bit lower than $135.51, the 50 day moving average and which is just a bit higher than the 200 day moving average of $128.43. Palo Alto Networks, Inc.

Hartline Investment Corp/ cut its holdings by shedding 152 shares a decrease of 1.2% in the quarter. They expect $-0.20 EPS, up 60.78% or $0.31 from last year's $-0.51 per share. The business had revenue of $431.80 million during the quarter, compared to analyst estimates of $412.11 million. Daiwa Group has invested 0% in Palo Alto Networks Inc (NYSE:PANW). The company's revenue was up 24.9% on a year-over-year basis. Cubist Systematic Strategies Ltd Company invested in 0.02% or 1,693 shares.

As of the last earnings report the EPS was $-2.70 and is projected to be $2.59 for the current year with 91,823,000 shares now outstanding. Global X Management Co.

06/01/2017 - Palo Alto Networks, Inc. had its "buy" rating reiterated by analysts at Stifel Nicolaus. "(PANW)" was first reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this report on another publication, it was illegally stolen and republished in violation of worldwide copyright & trademark law. The correct version of this news story can be accessed at https://www.com-unik.info/2017/08/12/north-american-management-corp-invests-215000-in-palo-alto-networks-inc-nysepanw-updated-updated-updated.html. Reliance Trust who had been investing in Freeport for a number of months, seems to be bullish on the $20.18B market cap company. UBS AG reaffirmed a "neutral" rating and issued a $140.00 price target (up previously from $130.00) on shares of Palo Alto Networks in a research report on Monday, June 5th. Monness Crespi & Hardt increased their price target on shares of Palo Alto Networks from $150.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, June 1st.

On July 7 the stock rating was upgraded to "Buy" from "Neutral" in a report from Citigroup. The stock presently has an average rating of "Buy" and a consensus price target of $150.94.

Here are a few other firms who have updated their positions. The shares were sold at an average price of $137.97, for a total value of $4,139,100.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Wedbush Securities Inc. now owns 5,437 shares of the network technology company's stock valued at $613,000 after buying an additional 23 shares during the last quarter. FNY Partners Fund LP boosted its stake in Palo Alto Networks by 300.0% in the second quarter.

Palo Alto Networks, Inc offers a next-generation security platform. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.



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