Boardman Bay Capital Management buys $2,863,585 stake in Palo Alto Networks Inc (PANW)

Palo Alto Networks Inc (PANW) : Boardman Bay Capital Management scooped up 16,219 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 22,516 shares of Palo Alto Networks Inc which is valued at $2,863,585.Palo Alto Networks Inc makes up approximately 5.80% of Boardman Bay Capital Management’s portfolio.

Other Hedge Funds, Including , Alyeska Investment Group boosted its stake in PANW in the latest quarter, The investment management firm added 593,548 additional shares and now holds a total of 1,030,976 shares of Palo Alto Networks Inc which is valued at $131,119,528. Palo Alto Networks Inc makes up approx 1.29% of Alyeska Investment Group’s portfolio. Artal Group S.a. sold out all of its stake in PANW during the most recent quarter. The investment firm sold 20,000 shares of PANW which is valued $2,543,600.Dimensional Fund Advisors Lp boosted its stake in PANW in the latest quarter, The investment management firm added 1,657 additional shares and now holds a total of 79,754 shares of Palo Alto Networks Inc which is valued at $10,240,414. Palo Alto Networks Inc makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Gabelli Funds boosted its stake in PANW in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 20,000 shares of Palo Alto Networks Inc which is valued at $2,635,600. Palo Alto Networks Inc makes up approx 0.02% of Gabelli Funds’s portfolio.Ayalon Holdings Ltd. boosted its stake in PANW in the latest quarter, The investment management firm added 440 additional shares and now holds a total of 840 shares of Palo Alto Networks Inc which is valued at $108,872. Palo Alto Networks Inc makes up approx 0.09% of Ayalon Holdings Ltd.’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).

Leave a Reply

Palo Alto Networks Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Palo Alto Networks Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.