BBT Capital Management LLC acquired a new position in shares of Palo Alto Networks Inc (NYSE:PANW) during the 4th quarter, Holdings Channel reports. The fund acquired 16,901 shares of the network technology company’s stock, valued at approximately $2,450,000.

A number of other large investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Palo Alto Networks by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 89,249 shares of the network technology company’s stock worth $11,943,000 after buying an additional 740 shares in the last quarter. Shelton Capital Management bought a new position in shares of Palo Alto Networks in the second quarter worth approximately $201,000. The Manufacturers Life Insurance Company lifted its stake in shares of Palo Alto Networks by 9.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,491 shares of the network technology company’s stock worth $467,000 after buying an additional 305 shares in the last quarter. Scotia Capital Inc. bought a new position in shares of Palo Alto Networks in the second quarter worth approximately $213,000. Finally, Norway Savings Bank bought a new position in shares of Palo Alto Networks in the third quarter worth approximately $230,000. 79.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of Palo Alto Networks Inc (PANW) opened at $155.25 on Tuesday. Palo Alto Networks Inc has a twelve month low of $107.31 and a twelve month high of $160.83. The company has a market cap of $14,270.00, a P/E ratio of -63.11 and a beta of 1.04.

Palo Alto Networks (NYSE:PANW) last announced its earnings results on Monday, November 20th. The network technology company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.06. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. The business had revenue of $505.50 million during the quarter, compared to analysts’ expectations of $489.36 million. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was up 27.0% on a year-over-year basis. analysts predict that Palo Alto Networks Inc will post -0.37 EPS for the current fiscal year.

Several brokerages have recently issued reports on PANW. KeyCorp upped their target price on shares of Palo Alto Networks from $170.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Piper Jaffray Companies reissued an “overweight” rating and set a $173.00 price objective (up from $155.00) on shares of Palo Alto Networks in a report on Tuesday, November 21st. Oppenheimer reissued a “buy” rating and set a $180.00 price objective (up from $173.00) on shares of Palo Alto Networks in a report on Tuesday, November 21st. Imperial Capital boosted their price objective on shares of Palo Alto Networks from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, November 22nd. Finally, Robert W. Baird reissued a “hold” rating on shares of Palo Alto Networks in a report on Tuesday, November 21st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $167.39.

In other news, CMO Rene Bonvanie sold 16,596 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $151.83, for a total value of $2,519,770.68. Following the completion of the sale, the chief marketing officer now directly owns 95,584 shares of the company’s stock, valued at $14,512,518.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Nir Zuk sold 2,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $144.28, for a total transaction of $288,560.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 396,644 shares of company stock valued at $59,381,588. Corporate insiders own 4.80% of the company’s stock.

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Palo Alto Networks Company 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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