Harel Insurance Investments Financial Services Ltd. adds Palo Alto Networks Inc (PANW) to its portfolio

Palo Alto Networks Inc (PANW) : Harel Insurance Investments Financial Services Ltd. added new position in Palo Alto Networks Inc during the most recent quarter end. The investment management firm now holds 2,649 shares of Palo Alto Networks Inc which is valued at $343,337 , the company said in a statement filed on Aug 3, 2016 with the SEC.Palo Alto Networks Inc makes up approximately 0.04% of Harel Insurance Investments Financial Services Ltd.’s portfolio.

Other Hedge Funds, Including , Texan Capital Management sold out all of its stake in PANW during the most recent quarter. The investment firm sold 5,030 shares of PANW which is valued $651,938.Whittier Trust Co Of Nevada Inc reduced its stake in PANW by selling 52 shares or 0.99% in the most recent quarter. The Hedge Fund company now holds 5,203 shares of PANW which is valued at $681,021. Palo Alto Networks Inc makes up approx 0.08% of Whittier Trust Co Of Nevada Inc’s portfolio.Essex Investment Management Co boosted its stake in PANW in the latest quarter, The investment management firm added 3,116 additional shares and now holds a total of 84,320 shares of Palo Alto Networks Inc which is valued at $11,051,822. Palo Alto Networks Inc makes up approx 1.75% of Essex Investment Management Co’s portfolio.Cornerstone Advisors boosted its stake in PANW in the latest quarter, The investment management firm added 57 additional shares and now holds a total of 560 shares of Palo Alto Networks Inc which is valued at $73,399. Palo Alto Networks Inc makes up approx 0.07% of Cornerstone Advisors’s portfolio.Newman Dignan Sheerar boosted its stake in PANW in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 2,000 shares of Palo Alto Networks Inc which is valued at $251,880. Palo Alto Networks Inc makes up approx 0.16% of Newman Dignan Sheerar’s portfolio.

Palo Alto Networks Inc closed down -3.38 points or -2.56% at $128.4 with 7,85,341 shares getting traded on Monday. Post opening the session at $132, the shares hit an intraday low of $128.33 and an intraday high of $132 and the price fluctuated in this range throughout the day.Shares ended Monday 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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