Palo Alto Networks Inc (PANW) : Penserra Capital Management scooped up 43,521 additional shares in Palo Alto Networks Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 223,416 shares of Palo Alto Networks Inc which is valued at $28,032,006.Palo Alto Networks Inc makes up approximately 3.63% of Penserra Capital Management’s portfolio.
Other Hedge Funds, Including , Hartwell J M Limited Partnership sold out all of its stake in PANW during the most recent quarter. The investment firm sold 27,575 shares of PANW which is valued $3,459,835.Blume Capital Management boosted its stake in PANW in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 204 shares of Palo Alto Networks Inc which is valued at $26,883. Palo Alto Networks Inc makes up approx 0.03% of Blume Capital Management’s portfolio.American Century Companies Inc reduced its stake in PANW by selling 416 shares or 6.76% in the most recent quarter. The Hedge Fund company now holds 5,742 shares of PANW which is valued at $752,604.Winslow Evans Crocker boosted its stake in PANW in the latest quarter, The investment management firm added 76 additional shares and now holds a total of 814 shares of Palo Alto Networks Inc which is valued at $105,405. Palo Alto Networks Inc makes up approx 0.03% of Winslow Evans Crocker’s portfolio. Simplex Trading sold out all of its stake in PANW during the most recent quarter. The investment firm sold 1,163 shares of PANW which is valued $150,620.
Palo Alto Networks Inc opened for trading at $137.31 and hit $139.1 on the upside on Wednesday, eventually ending the session at $136.1, with a gain of 0.37% or 0.5 points. The heightened volatility saw the trading volume jump to 17,78,595 shares. Company has a market cap of $12,195 M.
On the company’s financial health, Palo Alto Networks Inc reported $0.42 EPS for the quarter, based on the information available during the earnings call on May 26, 2016. Analyst had a consensus estimate of $0.42. The company had revenue of $345.80 million for the quarter, compared to analysts expectations of $339.86 million. The company’s revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.
Many Wall Street Analysts have commented on Palo Alto Networks Inc. Shares were Reiterated by Dougherty & Company on May 27, 2016 to “Buy” and Lowered the Price Target to $ 200 from a previous price target of $215 .Shares were Reiterated by RBC Capital Mkts on May 27, 2016 to “Outperform” and Lowered the Price Target to $ 185 from a previous price target of $195 .Palo Alto Networks Inc was Downgraded by Needham to ” Hold” on May 27, 2016.
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).