Crosslink Capital Inc Lowers stake in Palo Alto Networks Inc (PANW)

Palo Alto Networks Inc (PANW) : Crosslink Capital Inc reduced its stake in Palo Alto Networks Inc by 3.51% during the most recent quarter end. The investment management company now holds a total of 137,781 shares of Palo Alto Networks Inc which is valued at $21,555,837 after selling 5,015 shares in Palo Alto Networks Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Palo Alto Networks Inc makes up approximately 4.19% of Crosslink Capital Inc’s portfolio.

Other Hedge Funds, Including , Acrospire Investment Management reduced its stake in PANW by selling 100 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 400 shares of PANW which is valued at $60,764. Palo Alto Networks Inc makes up approx 0.04% of Acrospire Investment Management’s portfolio.Blackrock Advisors boosted its stake in PANW in the latest quarter, The investment management firm added 3,908 additional shares and now holds a total of 92,005 shares of Palo Alto Networks Inc which is valued at $14,024,322. Palo Alto Networks Inc makes up approx 0.02% of Blackrock Advisors’s portfolio.

Palo Alto Networks Inc closed down -2.8 points or -1.71% at $161.35 with 16,15,921 shares getting traded on Monday. Post opening the session at $164.57, the shares hit an intraday low of $160.3001 and an intraday high of $164.57 and the price fluctuated in this range throughout the day.Shares ended Monday 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).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Palo Alto Networks Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Palo Alto Networks Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.