Natixis lessened its position in Palo Alto Networks Inc (NYSE:PANW) by 61.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,489 shares of the network technology company’s stock after selling 38,895 shares during the period. Natixis’ holdings in Palo Alto Networks were worth $4,990,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of PANW. BSW Wealth Partners bought a new stake in shares of Palo Alto Networks during the first quarter valued at approximately $58,000. Carlson Capital L P boosted its position in shares of Palo Alto Networks by 26.4% during the second quarter. Carlson Capital L P now owns 186,934 shares of the network technology company’s stock valued at $38,090,000 after buying an additional 39,057 shares during the last quarter. Cumberland Partners Ltd boosted its position in shares of Palo Alto Networks by 33.3% during the second quarter. Cumberland Partners Ltd now owns 2,000 shares of the network technology company’s stock valued at $408,000 after buying an additional 500 shares during the last quarter. Wellington Shields Capital Management LLC boosted its position in shares of Palo Alto Networks by 13.5% during the first quarter. Wellington Shields Capital Management LLC now owns 8,400 shares of the network technology company’s stock valued at $2,040,000 after buying an additional 1,000 shares during the last quarter. Finally, BBT Capital Management LLC purchased a new position in shares of Palo Alto Networks during the second quarter valued at approximately $756,000. Institutional investors own 79.57% of the company’s stock.

NYSE PANW traded down $2.08 on Friday, hitting $207.16. 699,706 shares of the company traded hands, compared to its average volume of 1,930,395. The company has a market capitalization of $20.06 billion, a price-to-earnings ratio of 328.83, a P/E/G ratio of 18.95 and a beta of 0.94. The company has a current ratio of 1.78, a quick ratio of 1.86 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average price is $212.09 and its 200-day moving average price is $223.04. Palo Alto Networks Inc has a 52-week low of $160.08 and a 52-week high of $260.63.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings data on Wednesday, September 4th. The network technology company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.08). The business had revenue of $805.80 million during the quarter, compared to analysts’ expectations of $803.56 million. Palo Alto Networks had a negative net margin of 2.82% and a positive return on equity of 4.82%. Palo Alto Networks’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.28 earnings per share. As a group, sell-side analysts predict that Palo Alto Networks Inc will post 0.47 earnings per share for the current year.

In other news, EVP Lee Klarich sold 4,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $217.33, for a total transaction of $869,320.00. Following the transaction, the executive vice president now directly owns 282,222 shares in the company, valued at $61,335,307.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark D. Mclaughlin sold 40,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $227.43, for a total transaction of $9,097,200.00. Following the transaction, the director now owns 240,236 shares in the company, valued at $54,636,873.48. The disclosure for this sale can be found here. Insiders sold a total of 119,220 shares of company stock worth $25,827,116 over the last three months. Corporate insiders own 3.10% of the company’s stock.

PANW has been the topic of several research analyst reports. Wells Fargo & Co cut their price objective on Palo Alto Networks from $300.00 to $275.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. ValuEngine raised Palo Alto Networks from a “hold” rating to a “buy” rating in a research report on Tuesday. Evercore ISI reissued a “buy” rating and issued a $290.00 price objective on shares of Palo Alto Networks in a research report on Sunday, June 2nd. Maxim Group boosted their price objective on Palo Alto Networks from $304.00 to $316.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Finally, Cowen started coverage on Palo Alto Networks in a research report on Thursday, May 23rd. They issued a “market perform” rating and a $230.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $261.23.

About Palo Alto Networks

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

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

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