Alyeska Investment Group L.P. boosted its stake in Palo Alto Networks, Inc. (NYSE:PANW) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,387,411 shares of the network technology company’s stock after acquiring an additional 92,622 shares during the period. Palo Alto Networks accounts for about 1.6% of Alyeska Investment Group L.P.’s holdings, making the stock its 4th biggest position. Alyeska Investment Group L.P. owned approximately 1.51% of Palo Alto Networks worth $199,926,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of PANW. Sun Life Financial INC increased its position in Palo Alto Networks by 785.0% during the 2nd quarter. Sun Life Financial INC now owns 1,000 shares of the network technology company’s stock worth $134,000 after purchasing an additional 887 shares during the period. Global X Management Co. LLC increased its position in Palo Alto Networks by 24.4% during the 2nd quarter. Global X Management Co. LLC now owns 1,168 shares of the network technology company’s stock worth $156,000 after purchasing an additional 229 shares during the period. Penserra Capital Management LLC acquired a new position in Palo Alto Networks during the 3rd quarter worth approximately $162,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Palo Alto Networks by 495.2% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,232 shares of the network technology company’s stock worth $178,000 after acquiring an additional 1,025 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Palo Alto Networks by 30.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,396 shares of the network technology company’s stock worth $188,000 after acquiring an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Shares of Palo Alto Networks, Inc. (PANW) traded up $0.83 during mid-day trading on Friday, hitting $143.67. 280,977 shares of the stock traded hands, compared to its average volume of 1,770,411. Palo Alto Networks, Inc. has a twelve month low of $107.31 and a twelve month high of $157.65.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 EPS for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $489.36 million. During the same quarter last year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 27.0% compared to the same quarter last year. research analysts forecast that Palo Alto Networks, Inc. will post -0.37 EPS for the current fiscal year.

In other Palo Alto Networks news, Director Stanley J. Meresman sold 2,000 shares of Palo Alto Networks stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $151.01, for a total transaction of $302,020.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nir Zuk sold 146,000 shares of Palo Alto Networks stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $149.86, for a total transaction of $21,879,560.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 345,213 shares of company stock worth $51,243,441. Corporate insiders own 4.80% of the company’s stock.

PANW has been the topic of several research analyst reports. Piper Jaffray Companies set a $146.00 price target on Palo Alto Networks and gave the stock a “buy” rating in a research note on Friday, August 25th. BidaskClub lowered Palo Alto Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Oppenheimer reissued a “buy” rating and set a $173.00 price target on shares of Palo Alto Networks in a research note on Tuesday, November 14th. Maxim Group reaffirmed a “buy” rating and issued a $195.00 target price (up previously from $168.00) on shares of Palo Alto Networks in a research note on Thursday, September 28th. Finally, Evercore ISI set a $145.00 target price on Palo Alto Networks and gave the company a “hold” rating in a research note on Thursday, November 16th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $162.84.

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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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