Green Square Capital LLC acquired a new position in Palo Alto Networks, Inc. (NYSE:PANW) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,088 shares of the network technology company’s stock, valued at approximately $413,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PANW. Waldron LP increased its stake in shares of Palo Alto Networks by 105.2% in the first quarter. Waldron LP now owns 12,850 shares of the network technology company’s stock worth $1,749,000 after purchasing an additional 6,587 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Palo Alto Networks by 9.9% in the first quarter. UBS Asset Management Americas Inc. now owns 240,802 shares of the network technology company’s stock worth $27,134,000 after purchasing an additional 21,780 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Palo Alto Networks by 16.9% in the first quarter. Parametric Portfolio Associates LLC now owns 71,757 shares of the network technology company’s stock worth $8,086,000 after purchasing an additional 10,360 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Palo Alto Networks by 19.9% in the first quarter. Mutual of America Capital Management LLC now owns 2,407 shares of the network technology company’s stock worth $271,000 after purchasing an additional 399 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Palo Alto Networks by 37.7% in the first quarter. Pacer Advisors Inc. now owns 2,580 shares of the network technology company’s stock worth $291,000 after purchasing an additional 707 shares in the last quarter. 77.03% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts recently weighed in on the stock. Evercore ISI set a $140.00 target price on shares of Palo Alto Networks and gave the company a “hold” rating in a research note on Saturday, June 17th. Stephens reaffirmed an “overweight” rating and set a $165.00 target price (up from $155.00) on shares of Palo Alto Networks in a research note on Tuesday, October 3rd. Dougherty & Co raised their target price on shares of Palo Alto Networks from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, September 28th. Robert W. Baird reaffirmed a “hold” rating and set a $149.00 target price on shares of Palo Alto Networks in a research note on Thursday, September 28th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $173.00 target price on shares of Palo Alto Networks in a research note on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $159.60.

In other Palo Alto Networks news, Director Carl M. Eschenbach sold 1,572 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $144.99, for a total value of $227,924.28. Following the transaction, the director now directly owns 3,619 shares in the company, valued at $524,718.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Goetz sold 30,000 shares of the stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $137.97, for a total transaction of $4,139,100.00. Following the completion of the transaction, the director now owns 271,645 shares in the company, valued at $37,478,860.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,001 shares of company stock worth $11,304,354. 4.80% of the stock is owned by corporate insiders.

Shares of Palo Alto Networks, Inc. (NYSE:PANW) traded up 1.29% on Friday, hitting $147.37. 1,126,562 shares of the stock were exchanged. Palo Alto Networks, Inc. has a 52-week low of $107.31 and a 52-week high of $165.69. The company’s 50 day moving average is $139.66 and its 200-day moving average is $128.44. The stock’s market cap is $13.53 billion.

Palo Alto Networks (NYSE:PANW) last issued its earnings results on Thursday, August 31st. The network technology company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.92). The firm had revenue of $509.00 million during the quarter, compared to analyst estimates of $487.53 million. Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. The firm’s revenue was up 27.0% compared to the same quarter last year. During the same period last year, the business earned $0.50 EPS. Analysts predict that Palo Alto Networks, Inc. will post $3.33 EPS for the current fiscal year.

Palo Alto Networks Profile

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.

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

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