Avalon Global Asset Management buys $7,535,415 stake in Palo Alto Networks Inc (PANW)

Palo Alto Networks Inc (PANW) : Avalon Global Asset Management scooped up 13,500 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 11, 2016. The investment management firm now holds a total of 59,250 shares of Palo Alto Networks Inc which is valued at $7,535,415.Palo Alto Networks Inc makes up approximately 6.42% of Avalon Global Asset Management’s portfolio.

Other Hedge Funds, Including , Mirae Asset Global Investments Ltd. reduced its stake in PANW by selling 11,015 shares or 45.63% in the most recent quarter. The Hedge Fund company now holds 13,123 shares of PANW which is valued at $1,668,983. Palo Alto Networks Inc makes up approx 0.04% of Mirae Asset Global Investments Ltd.’s portfolio.Cambridge Investment Research Advisors reduced its stake in PANW by selling 2,776 shares or 34.32% in the most recent quarter. The Hedge Fund company now holds 5,312 shares of PANW which is valued at $700,015. Palo Alto Networks Inc makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio. Migdal Insurance Financial Holdings Ltd. sold out all of its stake in PANW during the most recent quarter. The investment firm sold 13,999 shares of PANW which is valued $1,814,410.Ipswich Investment Management boosted its stake in PANW in the latest quarter, The investment management firm added 840 additional shares and now holds a total of 3,325 shares of Palo Alto Networks Inc which is valued at $430,953. Palo Alto Networks Inc makes up approx 0.21% of Ipswich Investment Management’s portfolio.

Palo Alto Networks Inc opened for trading at $139.7 and hit $143.32 on the upside on Tuesday, eventually ending the session at $142.11, with a gain of 3.32% or 4.57 points. The heightened volatility saw the trading volume jump to 20,43,444 shares. Company has a market cap of $12,733 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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