Teacher Retirement System of Texas boosted its stake in shares of Palo Alto Networks, Inc. (NYSE:PANW) by 23.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 292,185 shares of the network technology company’s stock after buying an additional 54,550 shares during the quarter. Teacher Retirement System of Texas owned 0.32% of Palo Alto Networks worth $42,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sun Life Financial INC grew its position in Palo Alto Networks by 785.0% during the second quarter. Sun Life Financial INC now owns 1,000 shares of the network technology company’s stock worth $134,000 after buying an additional 887 shares during the period. Penserra Capital Management LLC acquired a new position in Palo Alto Networks during the third quarter worth about $162,000. Global X Management Co. LLC grew its position in Palo Alto Networks by 24.4% during the second quarter. Global X Management Co. LLC now owns 1,168 shares of the network technology company’s stock worth $156,000 after buying an additional 229 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Palo Alto Networks by 495.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,232 shares of the network technology company’s stock worth $178,000 after buying an additional 1,025 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Palo Alto Networks by 30.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,396 shares of the network technology company’s stock valued at $188,000 after purchasing an additional 322 shares during the last quarter. Institutional investors own 77.50% of the company’s stock.

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Shares of Palo Alto Networks, Inc. (PANW) traded up $1.35 during mid-day trading on Monday, reaching $140.35. 2,626,700 shares of the company’s stock traded hands, compared to its average volume of 1,741,269. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.69. Palo Alto Networks, Inc. has a 52 week low of $107.31 and a 52 week high of $165.69.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings results on Thursday, August 31st. The network technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.92). Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The business had revenue of $509.00 million during the quarter, compared to the consensus estimate of $487.53 million. During the same quarter in the previous year, the business posted $0.50 earnings per share. The company’s quarterly revenue was up 27.0% compared to the same quarter last year. equities analysts forecast that Palo Alto Networks, Inc. will post -0.5 earnings per share for the current fiscal year.

PANW has been the topic of several research reports. BidaskClub lowered shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Vetr upgraded shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $138.40 price target on the stock in a research report on Monday, July 31st. ValuEngine upgraded shares of Palo Alto Networks from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Imperial Capital reiterated an “outperform” rating and issued a $137.00 price target on shares of Palo Alto Networks in a research report on Friday, August 18th. Finally, Piper Jaffray Companies set a $146.00 price target on shares of Palo Alto Networks and gave the company a “buy” rating in a research report on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $160.33.

In related news, Director Stanley J. Meresman sold 2,000 shares of Palo Alto Networks stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $151.01, for a total value of $302,020.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nir Zuk sold 28,000 shares of Palo Alto Networks stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $148.05, for a total transaction of $4,145,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 284,744 shares of company stock worth $42,239,296. Insiders own 4.80% of the company’s stock.

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.

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

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