Palo Alto Networks, Inc. (NYSE:PANW) Position Decreased by Rothschild Investment Corp IL
Rothschild Investment Corp IL lowered its stake in shares of Palo Alto Networks, Inc. (NYSE:PANW) by 0.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 50,575 shares of the network technology company’s stock after selling 335 shares during the period. Rothschild Investment Corp IL owned 0.06% of Palo Alto Networks worth $6,767,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. boosted its stake in Palo Alto Networks by 5,177.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 496,610 shares of the network technology company’s stock valued at $55,958,000 after buying an additional 487,200 shares during the last quarter. Hunt Lane Capital LP bought a new stake in Palo Alto Networks during the first quarter valued at about $42,818,000. Renaissance Technologies LLC boosted its stake in Palo Alto Networks by 16.7% in the first quarter. Renaissance Technologies LLC now owns 2,152,800 shares of the network technology company’s stock valued at $242,578,000 after buying an additional 307,800 shares during the last quarter. American Century Companies Inc. bought a new stake in Palo Alto Networks during the first quarter valued at about $32,134,000. Finally, Pictet Asset Management Ltd. boosted its stake in Palo Alto Networks by 100.7% in the first quarter. Pictet Asset Management Ltd. now owns 552,800 shares of the network technology company’s stock valued at $62,290,000 after buying an additional 277,300 shares during the last quarter. Hedge funds and other institutional investors own 80.50% of the company’s stock.
Shares of Palo Alto Networks, Inc. (PANW) traded down 0.57% during trading on Friday, reaching $138.72. 671,692 shares of the company’s stock were exchanged. The company’s market capitalization is $12.74 billion. Palo Alto Networks, Inc. has a 12-month low of $107.31 and a 12-month high of $165.69. The stock has a 50-day moving average price of $136.45 and a 200 day moving average price of $128.57.
Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings data on Wednesday, May 31st. The network technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.06. The business had revenue of $431.80 million during the quarter, compared to analysts’ expectations of $412.11 million. Palo Alto Networks had a negative return on equity of 23.77% and a negative net margin of 14.38%. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. Equities analysts expect that Palo Alto Networks, Inc. will post $2.59 EPS for the current fiscal year.
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PANW has been the topic of several recent analyst reports. Jefferies Group LLC upgraded shares of Palo Alto Networks from a “hold” rating to a “buy” rating and lifted their price objective for the company from $130.00 to $150.00 in a research report on Friday, May 19th. FBN Securities cut shares of Palo Alto Networks from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $135.00 to $115.00 in a research report on Monday, April 17th. BMO Capital Markets reduced their price objective on shares of Palo Alto Networks from $132.00 to $126.00 and set an “outperform” rating on the stock in a research report on Friday, April 21st. OTR Global reiterated a “positive” rating on shares of Palo Alto Networks in a research report on Wednesday, May 10th. Finally, Vetr cut shares of Palo Alto Networks from a “strong-buy” rating to a “hold” rating and set a $137.50 price objective on the stock. in a research report on Thursday, June 1st. Twenty-one investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Palo Alto Networks presently has an average rating of “Buy” and an average price target of $151.00.
In other news, Director James J. Goetz sold 30,000 shares of Palo Alto Networks stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $137.97, for a total value of $4,139,100.00. Following the completion of the transaction, the director now owns 271,645 shares in the company, valued at approximately $37,478,860.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.80% of the company’s stock.
About Palo Alto Networks
Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. 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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