Cambridge Trust Co. lifted its position in Palo Alto Networks, Inc. (NYSE:PANW) by 48.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,115 shares of the network technology company’s stock after acquiring an additional 44,759 shares during the quarter. Palo Alto Networks accounts for approximately 1.3% of Cambridge Trust Co.’s holdings, making the stock its 28th largest position. Cambridge Trust Co. owned 0.15% of Palo Alto Networks worth $19,758,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Endurance Wealth Management Inc. grew its position in shares of Palo Alto Networks by 0.3% in the 2nd quarter. Endurance Wealth Management Inc. now owns 3,610 shares of the network technology company’s stock worth $483,000 after acquiring an additional 11 shares in the last quarter. NEXT Financial Group Inc boosted its position in Palo Alto Networks by 0.4% during the 2nd quarter. NEXT Financial Group Inc now owns 4,969 shares of the network technology company’s stock valued at $665,000 after purchasing an additional 19 shares during the period. Capstone Asset Management Co. boosted its position in Palo Alto Networks by 1.3% during the 2nd quarter. Capstone Asset Management Co. now owns 2,284 shares of the network technology company’s stock valued at $306,000 after purchasing an additional 30 shares during the period. Public Employees Retirement Association of Colorado boosted its position in Palo Alto Networks by 0.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 16,971 shares of the network technology company’s stock valued at $2,271,000 after purchasing an additional 43 shares during the period. Finally, WESPAC Advisors SoCal LLC boosted its position in Palo Alto Networks by 2.4% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the network technology company’s stock valued at $284,000 after purchasing an additional 50 shares during the period. Institutional investors own 76.85% of the company’s stock.

A number of research analysts recently issued reports on PANW shares. Vetr lowered Palo Alto Networks from a “buy” rating to a “hold” rating and set a $140.90 price objective for the company. in a research report on Monday, July 10th. BidaskClub upgraded Palo Alto Networks from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. ValuEngine upgraded Palo Alto Networks from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Imperial Capital restated an “outperform” rating and set a $137.00 price objective on shares of Palo Alto Networks in a research report on Friday, August 18th. Finally, Piper Jaffray Companies set a $146.00 price objective on Palo Alto Networks and gave the company a “buy” rating in a research report on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $160.33.

In other Palo Alto Networks news, insider Nir Zuk sold 146,000 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $149.86, for a total value of $21,879,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carl M. Eschenbach sold 1,572 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $144.99, for a total value of $227,924.28. Following the completion of the sale, the director now directly owns 3,619 shares of the company’s stock, valued at approximately $524,718.81. The disclosure for this sale can be found here. Insiders sold 256,744 shares of company stock valued at $38,093,896 in the last ninety days. Insiders own 4.80% of the company’s stock.

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Shares of Palo Alto Networks, Inc. (NYSE PANW) traded up $1.61 during midday trading on Tuesday, reaching $147.97. The company’s stock had a trading volume of 1,372,718 shares, compared to its average volume of 1,230,000. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.69. Palo Alto Networks, Inc. has a 1 year low of $107.31 and a 1 year high of $165.69.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings results on Thursday, August 31st. The network technology company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $509.00 million during the quarter, compared to analyst estimates of $487.53 million. During the same period in the prior year, the firm earned $0.50 EPS. Palo Alto Networks’s quarterly revenue was up 27.0% on a year-over-year basis. equities research analysts anticipate that Palo Alto Networks, Inc. will post -0.49 EPS for the current fiscal year.

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.

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

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