Somerset Group Lowers stake in Palo Alto Networks Inc (PANW)

Palo Alto Networks Inc (PANW) : Somerset Group reduced its stake in Palo Alto Networks Inc by 7.56% during the most recent quarter end. The investment management company now holds a total of 12,592 shares of Palo Alto Networks Inc which is valued at $1,870,164 after selling 1,030 shares in Palo Alto Networks Inc , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Palo Alto Networks Inc makes up approximately 1.96% of Somerset Group’s portfolio.

Palo Alto Networks Inc opened for trading at $145.59 and hit $149.83 on the upside on Friday, eventually ending the session at $148.52, with a gain of 1.41% or 2.07 points. The heightened volatility saw the trading volume jump to 17,54,750 shares. Company has a market cap of $13,125 M.

Other Hedge Funds, Including , Premier Asset Managment added PANW to its portfolio by purchasing 79,191 company shares during the most recent quarter which is valued at $11,761,447. Palo Alto Networks Inc makes up approx 2.99% of Premier Asset Managment’s portfolio. Coastline Trust Co sold out all of its stake in PANW during the most recent quarter. The investment firm sold 2,115 shares of PANW which is valued $297,496. Jaffetilchin Investment Partners sold out all of its stake in PANW during the most recent quarter. The investment firm sold 2,451 shares of PANW which is valued $344,758. Toth Financial Advisory Corp added PANW to its portfolio by purchasing 3,350 company shares during the most recent quarter which is valued at $470,474. Palo Alto Networks Inc makes up approx 0.16% of Toth Financial Advisory Corp’s portfolio.

On the company’s financial health, Palo Alto Networks Inc reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.39. The company had revenue of $334.70 million for the quarter, compared to analysts expectations of $318.45 million. The company’s revenue was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Palo Alto Networks Inc. Company shares were Reiterated by Maxim Group on Apr 11, 2016 to “Buy”, Firm has raised the Price Target to $ 215 from a previous price target of $214 .Shares were Reiterated by UBS on Apr 11, 2016 to “Buy” and Lowered the Price Target to $ 180 from a previous price target of $186 .Company shares were Reiterated by Needham on Apr 5, 2016 to “Buy”, Firm has raised the Price Target to $ 187 from a previous price target of $171 .

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).

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