Palo Alto Networks Inc (PANW) : Harbour Capital Advisors reduced its stake in Palo Alto Networks Inc by 34.78% during the most recent quarter end. The investment management company now holds a total of 7,055 shares of Palo Alto Networks Inc which is valued at $1,067,845 after selling 3,762 shares in Palo Alto Networks Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Palo Alto Networks Inc makes up approximately 0.58% of Harbour Capital Advisors’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in PANW in the latest quarter, The investment management firm added 872 additional shares and now holds a total of 5,710 shares of Palo Alto Networks Inc which is valued at $864,266. Palo Alto Networks Inc makes up approx 0.03% of Msi Financial Services Inc’s portfolio.Eagle Asset Management Inc reduced its stake in PANW by selling 1,341 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 89,840 shares of PANW which is valued at $13,968,323. Palo Alto Networks Inc makes up approx 0.10% of Eagle Asset Management Inc’s portfolio.Creative Planning reduced its stake in PANW by selling 10,972 shares or 52.83% in the most recent quarter. The Hedge Fund company now holds 9,795 shares of PANW which is valued at $1,522,927. Palo Alto Networks Inc makes up approx 0.01% of Creative Planning’s portfolio. Searle added PANW to its portfolio by purchasing 9,600 company shares during the most recent quarter which is valued at $1,533,504. Palo Alto Networks Inc makes up approx 1.33% of Searle’s portfolio.Advisory Services Network reduced its stake in PANW by selling 971 shares or 24.92% in the most recent quarter. The Hedge Fund company now holds 2,925 shares of PANW which is valued at $467,766. Palo Alto Networks Inc makes up approx 0.09% of Advisory Services Network’s portfolio.
Palo Alto Networks Inc closed down -4.26 points or -2.67% at $155.48 with 16,35,966 shares getting traded on Tuesday. Post opening the session at $159.61, the shares hit an intraday low of $155.137 and an intraday high of $159.7 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Palo Alto Networks Inc reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 30, 2016. Analyst had a consensus of $0.49. The company had revenue of $400.80 million for the quarter, compared to analysts expectations of $389.90 million. The company’s revenue was up 41.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
Many Wall Street Analysts have commented on Palo Alto Networks Inc. Wunderlich Resumed Palo Alto Networks Inc on Sep 13, 2016 to “Buy”, Price Target of the shares are set at $190.Palo Alto Networks Inc was Initiated by Rosenblatt to “Buy” on Sep 12, 2016. Shares were Downgraded by Raymond James on Aug 31, 2016 to ” Outperform” and Lowered the Price Target to $ 165 from a previous price target of $180 .
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. Its Advanced Endpoint Protection prevents cyber-attacks that aim to exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. The Company’s Threat Intelligence Cloud provides central intelligence capabilities security for software as a service (SaaS) applications and automated delivery of preventative measures against cyber-attacks. The Company’s PAN-OS operating system contains App-ID User-ID site-to-site virtual private network (VPN) remote access secure sockets layer (SSL) VPN and Quality-of-Service (QoS).