Premier Asset Managment buys $10,323,372 stake in Palo Alto Networks Inc (PANW)

Palo Alto Networks Inc (PANW) : Premier Asset Managment scooped up 520 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 Jul 18, 2016. The investment management firm now holds a total of 79,711 shares of Palo Alto Networks Inc which is valued at $10,323,372.Palo Alto Networks Inc makes up approximately 2.52% of Premier Asset Managment’s portfolio.

Other Hedge Funds, Including , Livforsakringsbolaget Skandia Omsesidigt boosted its stake in PANW in the latest quarter, The investment management firm added 4,600 additional shares and now holds a total of 11,800 shares of Palo Alto Networks Inc which is valued at $1,463,554. Palo Alto Networks Inc makes up approx 0.06% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.Arcadia Investment Management Corpmi boosted its stake in PANW in the latest quarter, The investment management firm added 562 additional shares and now holds a total of 40,752 shares of Palo Alto Networks Inc which is valued at $5,054,471. Palo Alto Networks Inc makes up approx 1.60% of Arcadia Investment Management Corpmi’s portfolio.Cutler Group Lp boosted its stake in PANW in the latest quarter, The investment management firm added 3,763 additional shares and now holds a total of 24,194 shares of Palo Alto Networks Inc which is valued at $3,080,864. Palo Alto Networks Inc makes up approx 0.21% of Cutler Group Lp’s portfolio.Washington Trust Bank boosted its stake in PANW in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 31 shares of Palo Alto Networks Inc which is valued at $3,904.

Palo Alto Networks Inc opened for trading at $126.62 and hit $130.68 on the upside on Wednesday, eventually ending the session at $129.51, with a gain of 3.23% or 4.05 points. The heightened volatility saw the trading volume jump to 15,59,638 shares. Company has a market cap of $11,604 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).

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