Palo Alto Networks Inc (PANW) : Hellman Jordan Management Co Inc has sold out all of its stake in Palo Alto Networks Inc during the most recent quarter, according to the disclosure filed by the company on Aug 8, 2016 with the SEC. The investment management company has sold out 7,063 shares of Palo Alto Networks Inc which is valued at $886,195.
Other Hedge Funds, Including , Genovese Burford Brothers Wealth Retirement Plan Mana… added PANW to its portfolio by purchasing 230 company shares during the most recent quarter which is valued at $28,858. Palo Alto Networks Inc makes up approx 0.01% of Genovese Burford Brothers Wealth Retirement Plan Mana…’s portfolio.Stephens Investment Management Group reduced its stake in PANW by selling 7,180 shares or 8.02% in the most recent quarter. The Hedge Fund company now holds 82,300 shares of PANW which is valued at $10,845,494. Palo Alto Networks Inc makes up approx 0.34% of Stephens Investment Management Group’s portfolio.World Asset Management Inc boosted its stake in PANW in the latest quarter, The investment management firm added 287 additional shares and now holds a total of 1,841 shares of Palo Alto Networks Inc which is valued at $238,612. Palo Alto Networks Inc makes up approx 0.01% of World Asset Management Inc’s portfolio. Donald L. Hagan sold out all of its stake in PANW during the most recent quarter. The investment firm sold 108 shares of PANW which is valued $13,985. Barometer Capital Management sold out all of its stake in PANW during the most recent quarter. The investment firm sold 21,400 shares of PANW which is valued $2,654,242.
Palo Alto Networks Inc opened for trading at $127.17 and hit $131.18 on the upside on Monday, eventually ending the session at $131, with a gain of 3.00% or 3.82 points. The heightened volatility saw the trading volume jump to 13,92,679 shares. Company has a market cap of $11,738 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).