Wunderlich Capital Managemnt cut its position in shares of Palo Alto Networks, Inc. (NYSE:PANW) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,230 shares of the network technology company’s stock after selling 48 shares during the quarter. Wunderlich Capital Managemnt’s holdings in Palo Alto Networks were worth $1,101,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PANW. Waldron LP increased its position in shares of Palo Alto Networks by 105.2% during the 1st quarter. Waldron LP now owns 12,850 shares of the network technology company’s stock valued at $1,749,000 after purchasing an additional 6,587 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Palo Alto Networks by 9.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 240,802 shares of the network technology company’s stock valued at $27,134,000 after purchasing an additional 21,780 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Palo Alto Networks by 83.8% during the 1st quarter. Prudential Financial Inc. now owns 5,220 shares of the network technology company’s stock valued at $588,000 after purchasing an additional 2,380 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Palo Alto Networks by 40.0% during the 1st quarter. Neuberger Berman Group LLC now owns 53,419 shares of the network technology company’s stock valued at $6,019,000 after purchasing an additional 15,269 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Palo Alto Networks by 5.5% during the 1st quarter. Teachers Advisors LLC now owns 287,461 shares of the network technology company’s stock valued at $32,391,000 after purchasing an additional 15,024 shares during the last quarter. Hedge funds and other institutional investors own 77.03% of the company’s stock.

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In related news, Director Carl M. Eschenbach sold 1,572 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $144.99, for a total value of $227,924.28. Following the completion of the transaction, the director now owns 3,619 shares in the company, valued at approximately $524,718.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nir Zuk sold 2,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $145.01, for a total value of $290,020.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 217,744 shares of company stock valued at $32,262,996. Company insiders own 4.80% of the company’s stock.

Palo Alto Networks, Inc. (NYSE PANW) traded down 0.29% during mid-day trading on Thursday, hitting $148.57. The company’s stock had a trading volume of 449,637 shares. The firm’s 50-day moving average is $141.15 and its 200-day moving average is $129.36. The company’s market cap is $13.64 billion. Palo Alto Networks, Inc. has a 12-month low of $107.31 and a 12-month high of $165.69.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings data on Thursday, August 31st. 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 business had revenue of $509.00 million for the quarter, compared to analysts’ expectations of $487.53 million. During the same quarter in the prior year, the company posted $0.50 EPS. The business’s revenue for the quarter was up 27.0% on a year-over-year basis. Analysts predict that Palo Alto Networks, Inc. will post $3.33 EPS for the current fiscal year.

Several equities analysts have recently commented on the company. Evercore ISI set a $140.00 price objective on Palo Alto Networks and gave the company a “hold” rating in a research report on Saturday, June 17th. Stephens reiterated an “overweight” rating and set a $165.00 price objective (up from $155.00) on shares of Palo Alto Networks in a research report on Tuesday, October 3rd. Dougherty & Co increased their price objective on Palo Alto Networks from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, September 28th. BidaskClub upgraded Palo Alto Networks from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Robert W. Baird restated a “hold” rating and set a $149.00 price target on shares of Palo Alto Networks in a research report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $160.33.

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.

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

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