Daiwa Securities Group Inc. increased its position in Palo Alto Networks, Inc. (NYSE:PANW) by 8.0% during the second quarter, Holdings Channel reports. The firm owned 2,700 shares of the network technology company’s stock after buying an additional 200 shares during the period. Daiwa Securities Group Inc.’s holdings in Palo Alto Networks were worth $361,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in Palo Alto Networks during the first quarter worth $226,000. Rothschild Investment Corp IL boosted its position in Palo Alto Networks by 3.5% in the first quarter. Rothschild Investment Corp IL now owns 50,910 shares of the network technology company’s stock worth $5,737,000 after buying an additional 1,710 shares during the period. Nisa Investment Advisors LLC boosted its position in Palo Alto Networks by 1,900.0% in the first quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the network technology company’s stock worth $225,000 after buying an additional 1,900 shares during the period. SFE Investment Counsel boosted its position in Palo Alto Networks by 28.2% in the first quarter. SFE Investment Counsel now owns 30,442 shares of the network technology company’s stock worth $3,430,000 after buying an additional 6,695 shares during the period. Finally, Telemus Capital LLC boosted its position in Palo Alto Networks by 84.3% in the first quarter. Telemus Capital LLC now owns 13,115 shares of the network technology company’s stock worth $1,478,000 after buying an additional 6,000 shares during the period. 80.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of Palo Alto Networks, Inc. (NYSE:PANW) opened at 131.43 on Wednesday. Palo Alto Networks, Inc. has a 52-week low of $107.31 and a 52-week high of $165.69. The stock’s 50 day moving average is $134.92 and its 200-day moving average is $127.90. The firm’s market cap is $12.07 billion.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings results on Wednesday, May 31st. The network technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. Palo Alto Networks had a negative return on equity of 23.77% and a negative net margin of 14.38%. The company had revenue of $431.80 million during the quarter, compared to analyst estimates of $412.11 million. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. Equities analysts anticipate that Palo Alto Networks, Inc. will post $2.59 earnings per share for the current fiscal year.

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A number of research firms have recently weighed in on PANW. BidaskClub raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. UBS AG reissued a “neutral” rating and issued a $140.00 price objective (up from $130.00) on shares of Palo Alto Networks in a research note on Monday, June 5th. Susquehanna Bancshares Inc initiated coverage on shares of Palo Alto Networks in a research note on Wednesday, June 7th. They issued a “neutral” rating and a $145.00 price objective on the stock. Barclays PLC reissued an “overweight” rating and issued a $158.00 price objective (up from $145.00) on shares of Palo Alto Networks in a research note on Thursday, June 1st. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $147.00 price objective (up from $130.00) on shares of Palo Alto Networks in a research note on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-seven have given a buy rating to the stock. Palo Alto Networks currently has an average rating of “Buy” and a consensus target price of $150.94.

In other news, Director James J. Goetz sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $137.97, for a total transaction of $4,139,100.00. Following the completion of the transaction, the director now directly owns 271,645 shares in the company, valued at $37,478,860.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.80% of the stock is 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.

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

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