Economy

Westfield Capital Management Reduces Stake in Palo Alto Networks,

(NYSE:PANW) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Lastly, Renaissance Technologies raised its holdings in Palo Alto Networks by 16.7% in the Q1.

Other research analysts also recently issued reports about the company. The stock of Palo Alto Networks Inc (NYSE:PANW) earned "Market Perform" rating by BMO Capital Markets on Monday, February 27. HM Payson & Co. grew its holdings in shares of Palo Alto Networks by 0.3% during the 1st quarter. Grandeur Peak Global Advisors LLC now owns 7,975 shares of the network technology company's stock valued at $1,067,000 after purchasing an additional 100 shares during the period. Nomura Asset Management has an ownership of 496,610 stocks of the network technology firms shares valued $55,958,000 after scooping up an extra 487,200 shares through out the previous quarter, Hunt Lane Capital bought a new stake in Palo Alto Networks in during the Q1 which is valued roughly $42,818,000. Nordea Investment Management AB now owns 2,552 shares of the network technology company's stock valued at $288,000 after buying an additional 31 shares during the period. Cypress Wealth Advisors LLC raised its position in shares of Palo Alto Networks by 3.7% during the 2nd quarter. Capstone Asset Management Co. now owns 2,284 shares of the network technology company's stock valued at $306,000 after buying an additional 30 shares during the period. As of the end of the quarter Baird Financial Group, Inc. had disposed of a total of 9,008 shares trimming its position 10.2%. After this trade, the director has an ownership of 3,619 company stock worth at roughly $524,718.81.

Quite a few brokerage firm analysts quite recently weighed in on PANW Stocks. Cowen and Company reaffirmed an "outperform" rating and set a $150.00 price objective on shares of Palo Alto Networks in a report on Thursday, May 25th. BidaskClub upgraded Palo Alto Networks from a "strong sell" rating to a "sell" rating in a research note on Thursday, August 17th. UBS AG set a $140.00 target price on Palo Alto Networks and gave the company a "hold" rating in a research note on Tuesday, August 29th.

09/01/2017 - Palo Alto Networks, Inc. had its "buy" rating reiterated by analysts at Rosenblatt Securities. Two research experts recommended the company shares with a sell recommendation, fourteen has issued a hold recommendation and twenty-nine have issued a buy recommendation to the firms shares. On Thursday, June 1 the stock rating was maintained by Oppenheimer with "Buy".

TRADEMARK VIOLATION NOTICE: "Palo Alto Networks, Inc". Sometimes earnings reports may be good, but the stock price does not reflect that. If you are viewing this story on another site, it was copied illegally and reposted in violation of global copyright and trademark laws. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2017/09/21/palo-alto-networks-inc-panw-stake-lessened-by-tiaa-cref-investment-management-llc.html. Palo Alto Networks had 153 analyst reports since July 22, 2015 according to SRatingsIntel. As per Thursday, June 1, the company rating was upgraded by Gabelli. The company has a 50 day moving average of $135.34 and a 200 day moving average of $126.14. Palo Alto Networks, Inc. has a 52-week low of 107.31 and a 52-week high of 165.69. The company's market cap is $13.02 billion. The current 14-day ATR for Palo Alto Networks Inc (PANW) is now sitting at 2.90. The network technology company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.79 by ($0.92). Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. The firm's revenue for the quarter was up 27.0% compared to the same quarter a year ago. During the same period in the previous year, the business posted $0.50 earnings per share. On average, analysts forecast that Palo Alto Networks, Inc. will post $3.33 EPS for the current fiscal year.

In other Palo Alto Networks news, Director Carl M. Eschenbach unloaded 1,572 stocks of the firms shares in a trade dated Fri, Sep 8th. The stock was sold at an average price of $144.99, for a total transaction of $227,924.28. Rutabaga Capital Management Llc Ma owns 1.09 million shares or 3.32% of their USA portfolio. The transaction related to this sale was declared in a document with the securities and exchange commission, which is available through the Security and Exchange Commission website. Shares were disposed in a price range of $145.01, amounting to $290,020.00. during the last 90 days, executive have unloaded 78,001 stocks of company shares worth at $11,014,834. Following the transaction, the president now owns 176,290 shares in the company, valued at approximately $25,227,099. The disclosure for this sale can be found here. The Business's security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud.



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