Palo Alto Networks Inc (PANW) : First Mercantile Trust Co reduced its stake in Palo Alto Networks Inc by 4.55% during the most recent quarter end. The investment management company now holds a total of 10,500 shares of Palo Alto Networks Inc which is valued at $1,679,160 after selling 500 shares in Palo Alto Networks Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Palo Alto Networks Inc makes up approximately 0.23% of First Mercantile Trust Co’s portfolio.
Other Hedge Funds, Including , Oliver Luxxe Assets added PANW to its portfolio by purchasing 6,904 company shares during the most recent quarter which is valued at $1,104,088. Palo Alto Networks Inc makes up approx 0.87% of Oliver Luxxe Assets’s portfolio.Telemus Capital boosted its stake in PANW in the latest quarter, The investment management firm added 42 additional shares and now holds a total of 9,476 shares of Palo Alto Networks Inc which is valued at $1,528,953. Palo Alto Networks Inc makes up approx 0.17% of Telemus Capital’s portfolio. Franklin Street Advisors Inc Nc sold out all of its stake in PANW during the most recent quarter. The investment firm sold 19,977 shares of PANW which is valued $3,223,289.New England Research Management reduced its stake in PANW by selling 575 shares or 13.52% in the most recent quarter. The Hedge Fund company now holds 3,679 shares of PANW which is valued at $593,607. Palo Alto Networks Inc makes up approx 0.50% of New England Research Management’s portfolio.Harbour Capital Advisors reduced its stake in PANW by selling 3,762 shares or 34.78% in the most recent quarter. The Hedge Fund company now holds 7,055 shares of PANW which is valued at $1,138,324. Palo Alto Networks Inc makes up approx 0.61% of Harbour Capital Advisors’s portfolio.
Palo Alto Networks Inc opened for trading at $160.17 and hit $160.99 on the upside on Friday, eventually ending the session at $159.92, with a gain of 0.20% or 0.32 points. The heightened volatility saw the trading volume jump to 7,60,401 shares. Company has a market cap of $14,529 M.
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).