Palo Alto Networks Inc (PANW) : Scge Management scooped up 25,000 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 15, 2016. The investment management firm now holds a total of 225,000 shares of Palo Alto Networks Inc which is valued at $28,615,500.Palo Alto Networks Inc makes up approximately 4.31% of Scge Management’s portfolio.
Other Hedge Funds, Including , Burnham Asset Management Corp Ny reduced its stake in PANW by selling 15,000 shares or 74.57% in the most recent quarter. The Hedge Fund company now holds 5,115 shares of PANW which is valued at $650,526. Palo Alto Networks Inc makes up approx 0.17% of Burnham Asset Management Corp Ny’s portfolio. Zweig-dimenna Associates sold out all of its stake in PANW during the most recent quarter. The investment firm sold 93,991 shares of PANW which is valued $11,793,051.Strs Ohio boosted its stake in PANW in the latest quarter, The investment management firm added 12,250 additional shares and now holds a total of 323,148 shares of Palo Alto Networks Inc which is valued at $42,355,008. Palo Alto Networks Inc makes up approx 0.18% of Strs Ohio’s portfolio.Middleton Co Incma reduced its stake in PANW by selling 985 shares or 9.41% in the most recent quarter. The Hedge Fund company now holds 9,480 shares of PANW which is valued at $1,227,565. Palo Alto Networks Inc makes up approx 0.27% of Middleton Co Incma’s portfolio.
Palo Alto Networks Inc opened for trading at $133.27 and hit $141.34 on the upside on Thursday, eventually ending the session at $140.66, with a gain of 5.62% or 7.49 points. The heightened volatility saw the trading volume jump to 49,10,932 shares. Company has a market cap of $12,604 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. 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 .Shares were Reiterated by Maxim Group on Aug 31, 2016 to “Buy” and Lowered the Price Target to $ 185 from a previous price target of $215 .Shares were Reiterated by RBC Capital Mkts on Aug 31, 2016 to “Outperform” and Lowered the Price Target to $ 175 from a previous price target of $185 .
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).