Palo Alto Networks Inc (PANW) : Waldron Lp reduced its stake in Palo Alto Networks Inc by 1.42% during the most recent quarter end. The investment management company now holds a total of 12,566 shares of Palo Alto Networks Inc which is valued at $1,645,769 after selling 181 shares in Palo Alto Networks Inc , the firm said in a disclosure report filed with the SEC on May 9, 2016.Palo Alto Networks Inc makes up approximately 0.68% of Waldron Lp’s portfolio.
Other Hedge Funds, Including , Dubuque Bank Trust Co reduced its stake in PANW by selling 190 shares or 8.17% in the most recent quarter. The Hedge Fund company now holds 2,135 shares of PANW which is valued at $290,659. Palo Alto Networks Inc makes up approx 0.06% of Dubuque Bank Trust Co’s portfolio.Tocqueville Asset Management boosted its stake in PANW in the latest quarter, The investment management firm added 33,295 additional shares and now holds a total of 77,655 shares of Palo Alto Networks Inc which is valued at $11,715,810. Palo Alto Networks Inc makes up approx 0.15% of Tocqueville Asset Management’s portfolio.Commonwealth Equity Services Inc boosted its stake in PANW in the latest quarter, The investment management firm added 4,139 additional shares and now holds a total of 24,182 shares of Palo Alto Networks Inc which is valued at $3,648,338. Palo Alto Networks Inc makes up approx 0.03% of Commonwealth Equity Services Inc’s portfolio.World Asset Management Inc boosted its stake in PANW in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 1,554 shares of Palo Alto Networks Inc which is valued at $234,452. Palo Alto Networks Inc makes up approx 0.01% of World Asset Management Inc’s portfolio.
Palo Alto Networks Inc opened for trading at $129.16 and hit $131.813 on the upside on Friday, eventually ending the session at $130.97, with a gain of 1.11% or 1.44 points. The heightened volatility saw the trading volume jump to 15,81,319 shares. Company has a market cap of $11,574 M.
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. Shares were Reiterated by Piper Jaffray on May 12, 2016 to “Overweight” and Lowered the Price Target to $ 180 from a previous price target of $208 .Wunderlich Upgraded Palo Alto Networks Inc on Apr 26, 2016 to ” Buy”, Price Target of the shares are set at $190.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 .
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).