Dimensional Fund Advisors LP grew its holdings in shares of Palo Alto Networks, Inc. (NYSE:PANW) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,249 shares of the network technology company’s stock after acquiring an additional 740 shares during the quarter. Dimensional Fund Advisors LP owned 0.10% of Palo Alto Networks worth $11,943,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PANW. Prudential Financial Inc. raised its stake in Palo Alto Networks by 83.8% during the first quarter. Prudential Financial Inc. now owns 5,220 shares of the network technology company’s stock worth $588,000 after acquiring an additional 2,380 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Palo Alto Networks during the second quarter worth about $415,000. Capstone Asset Management Co. increased its stake in shares of Palo Alto Networks by 1.3% in the second quarter. Capstone Asset Management Co. now owns 2,284 shares of the network technology company’s stock valued at $306,000 after buying an additional 30 shares during the period. Fisher Asset Management LLC increased its stake in shares of Palo Alto Networks by 0.9% in the second quarter. Fisher Asset Management LLC now owns 7,700 shares of the network technology company’s stock valued at $1,030,000 after buying an additional 66 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Palo Alto Networks by 6.0% in the second quarter. State of Alaska Department of Revenue now owns 2,129 shares of the network technology company’s stock valued at $284,000 after buying an additional 120 shares during the period. 77.50% of the stock is owned by hedge funds and other institutional investors.

In other Palo Alto Networks news, insider Nir Zuk sold 146,000 shares of the company’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 hyperlink. Also, Director Stanley J. Meresman sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $151.01, for a total value of $302,020.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 284,744 shares of company stock valued at $42,239,296. 4.80% of the stock is owned by company insiders.

Palo Alto Networks, Inc. (NYSE:PANW) opened at $138.81 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.65 and a current ratio of 1.65. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.92). The business had revenue of $509.00 million for the quarter, compared to the consensus estimate of $487.53 million. Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. The company’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 earnings per share. research analysts predict that Palo Alto Networks, Inc. will post -0.5 earnings per share for the current year.

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PANW has been the subject of several recent research reports. Piper Jaffray Companies set a $146.00 price objective on Palo Alto Networks and gave the company a “buy” rating in a research note on Friday, August 25th. BidaskClub downgraded Palo Alto Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Maxim Group reaffirmed a “buy” rating and issued a $195.00 price objective (up previously from $168.00) on shares of Palo Alto Networks in a research note on Thursday, September 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Palo Alto Networks in a research note on Friday, September 1st. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $173.00 price objective on shares of Palo Alto Networks in a research note on Monday, August 28th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $160.33.

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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