Lyell Wealth Management LP bought a new position in Palo Alto Networks, Inc. (NYSE:PANW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 83,225 shares of the network technology company’s stock, valued at approximately $10,407,000. Palo Alto Networks makes up approximately 6.5% of Lyell Wealth Management LP’s holdings, making the stock its largest position. Lyell Wealth Management LP owned 0.09% of Palo Alto Networks as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PANW. Capstone Asset Management Co. increased its stake in Palo Alto Networks by 0.5% in the third quarter. Capstone Asset Management Co. now owns 1,924 shares of the network technology company’s stock worth $307,000 after buying an additional 10 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in Palo Alto Networks by 0.6% in the third quarter. HBK Sorce Advisory LLC now owns 2,495 shares of the network technology company’s stock worth $398,000 after buying an additional 14 shares in the last quarter. American Money Management LLC increased its stake in Palo Alto Networks by 0.6% in the second quarter. American Money Management LLC now owns 3,375 shares of the network technology company’s stock worth $414,000 after buying an additional 20 shares in the last quarter. Winfield Associates Inc. increased its stake in Palo Alto Networks by 0.9% in the third quarter. Winfield Associates Inc. now owns 2,845 shares of the network technology company’s stock worth $453,000 after buying an additional 25 shares in the last quarter. Finally, Telemus Capital LLC increased its stake in Palo Alto Networks by 0.4% in the third quarter. Telemus Capital LLC now owns 9,476 shares of the network technology company’s stock worth $1,510,000 after buying an additional 42 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

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

Shares of Palo Alto Networks, Inc. (NYSE:PANW) traded down 1.56% on Thursday, reaching $152.93. The company had a trading volume of 1,766,397 shares. Palo Alto Networks, Inc. has a 1-year low of $114.64 and a 1-year high of $165.69. The stock’s market capitalization is $14.02 billion. The company’s 50 day moving average price is $141.97 and its 200-day moving average price is $142.95.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings data on Monday, November 21st. The network technology company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Palo Alto Networks had a negative return on equity of 35.75% and a negative net margin of 16.83%. The company had revenue of $398.10 million for the quarter, compared to analysts’ expectations of $400.20 million. During the same period in the previous year, the firm posted $0.35 EPS. Palo Alto Networks’s revenue was up 34.0% compared to the same quarter last year. Equities analysts predict that Palo Alto Networks, Inc. will post $2.78 EPS for the current year.

This story was first posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international copyright & trademark law. The correct version of this story can be viewed at http://www.watchlistnews.com/lyell-wealth-management-lp-invests-10407000-in-palo-alto-networks-inc-panw/1120902.html.

A number of research firms recently commented on PANW. Wells Fargo & Company began coverage on Palo Alto Networks in a research report on Wednesday, January 11th. They issued an “outperform” rating on the stock. Piper Jaffray Companies set a $178.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a research report on Thursday, November 24th. Zacks Investment Research downgraded Palo Alto Networks from a “buy” rating to a “hold” rating in a research report on Monday. DA Davidson restated a “buy” rating and set a $79.00 price objective (down from $82.00) on shares of Palo Alto Networks in a research report on Wednesday, December 21st. Finally, Wunderlich restated a “buy” rating and set a $190.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, February 8th. Eleven equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $171.43.

In other news, CEO Mark D. Mclaughlin sold 26,566 shares of the business’s stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $127.32, for a total transaction of $3,382,383.12. Following the transaction, the chief executive officer now directly owns 568,760 shares in the company, valued at approximately $72,414,523.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Mark Anderson sold 17,945 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $139.56, for a total value of $2,504,404.20. Following the transaction, the president now owns 269,763 shares in the company, valued at $37,648,124.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,415 shares of company stock worth $7,527,930. 4.80% of the stock is currently owned by insiders.

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.

5 Day Chart for NYSE:PANW

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NYSE:PANW).

Receive News & Ratings for Palo Alto Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.