Sand Hill Global Advisors buys $3.7 Million stake in Palo Alto Networks Inc (PANW)

Palo Alto Networks Inc (PANW) : Sand Hill Global Advisors scooped up 11,928 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 May 13, 2016. The investment management firm now holds a total of 27,884 shares of Palo Alto Networks Inc which is valued at $3.7 Million.Palo Alto Networks Inc makes up approximately 0.56% of Sand Hill Global Advisors’s portfolio.

Other Hedge Funds, Including , Argentus Capital Management reduced its stake in PANW by selling 450 shares or 6.02% in the most recent quarter. The Hedge Fund company now holds 7,024 shares of PANW which is valued at $919,933. Palo Alto Networks Inc makes up approx 0.33% of Argentus Capital Management’s portfolio.Amalgamated Bank boosted its stake in PANW in the latest quarter, The investment management firm added 689 additional shares and now holds a total of 2,401 shares of Palo Alto Networks Inc which is valued at $314,459. Palo Alto Networks Inc makes up approx 0.03% of Amalgamated Bank’s portfolio.New York State Common Retirement Fund boosted its stake in PANW in the latest quarter, The investment management firm added 760 additional shares and now holds a total of 219,800 shares of Palo Alto Networks Inc which is valued at $29.9 Million. Palo Alto Networks Inc makes up approx 0.05% of New York State Common Retirement Fund’s portfolio. Cookson Peirce Co Inc sold out all of its stake in PANW during the most recent quarter. The investment firm sold 2,960 shares of PANW which is valued $402,974.

Palo Alto Networks Inc closed down -0.42 points or -0.29% at $145.69 with 15,29,291 shares getting traded on Wednesday. Post opening the session at $146.37, the shares hit an intraday low of $143.39 and an intraday high of $147.42 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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