Seven Bridges Advisors LLC increased its position in shares of Palo Alto Networks Inc. (NYSE:PANW) by 45.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,109 shares of the network technology company’s stock after buying an additional 663 shares during the period. Seven Bridges Advisors LLC’s holdings in Palo Alto Networks were worth $259,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Sigma Planning Corp raised its stake in Palo Alto Networks by 0.5% in the second quarter. Sigma Planning Corp now owns 2,162 shares of the network technology company’s stock valued at $265,000 after buying an additional 11 shares during the last quarter. Newman Dignan & Sheerar Inc. increased its position in shares of Palo Alto Networks by 1.3% in the second quarter. Newman Dignan & Sheerar Inc. now owns 2,000 shares of the network technology company’s stock valued at $245,000 after buying an additional 25 shares during the period. EagleClaw Capital Managment LLC increased its position in shares of Palo Alto Networks by 3.6% in the first quarter. EagleClaw Capital Managment LLC now owns 1,425 shares of the network technology company’s stock valued at $233,000 after buying an additional 50 shares during the period. Integrated Investment Consultants LLC increased its position in shares of Palo Alto Networks by 6.7% in the second quarter. Integrated Investment Consultants LLC now owns 1,040 shares of the network technology company’s stock valued at $128,000 after buying an additional 65 shares during the period. Finally, Winslow Evans & Crocker Inc. increased its position in shares of Palo Alto Networks by 10.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 814 shares of the network technology company’s stock valued at $100,000 after buying an additional 76 shares during the period. 80.06% of the stock is owned by institutional investors.

Shares of Palo Alto Networks Inc. (NYSE:PANW) traded down 0.30% during mid-day trading on Wednesday, reaching $149.62. 1,313,576 shares of the company’s stock were exchanged. Palo Alto Networks Inc. has a 52-week low of $111.09 and a 52-week high of $194.73. The company’s market cap is $13.59 billion. The company’s 50-day moving average price is $139.59 and its 200 day moving average price is $139.38.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings results on Tuesday, August 30th. The network technology company reported $0.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.50. The firm had revenue of $400.80 million for the quarter, compared to the consensus estimate of $389.90 million. Palo Alto Networks had a negative net margin of 16.39% and a negative return on equity of 34.28%. The company’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 EPS. On average, equities research analysts predict that Palo Alto Networks Inc. will post $2.78 EPS for the current year.

Several research analysts recently commented on the stock. FBN Securities reiterated a “buy” rating on shares of Palo Alto Networks in a report on Sunday, May 29th. Nomura reiterated a “buy” rating and issued a $200.00 target price on shares of Palo Alto Networks in a report on Sunday, May 29th. Bank of America Corp. reiterated a “buy” rating and issued a $178.00 target price (down previously from $210.00) on shares of Palo Alto Networks in a report on Sunday, May 29th. Royal Bank Of Canada reiterated a “buy” rating on shares of Palo Alto Networks in a report on Sunday, May 29th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Palo Alto Networks in a report on Sunday, May 29th. Eight investment analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $180.96.

In other news, insider Rene Bonvanie sold 12,339 shares of Palo Alto Networks stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $150.00, for a total value of $1,850,850.00. Following the completion of the sale, the insider now owns 133,601 shares in the company, valued at approximately $20,040,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark D. Mclaughlin sold 70,000 shares of Palo Alto Networks stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $140.00, for a total transaction of $9,800,000.00. Following the completion of the sale, the chief executive officer now owns 667,303 shares of the company’s stock, valued at approximately $93,422,420. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by insiders.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a security company. The Company’s security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud. The Company’s 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

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