Palo Alto Networks Inc (PANW) : Zevenbergen Capital Investments scooped up 182,093 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 11, 2016. The investment management firm now holds a total of 586,124 shares of Palo Alto Networks Inc which is valued at $74,543,250.Palo Alto Networks Inc makes up approximately 3.14% of Zevenbergen Capital Investments’s portfolio.
Other Hedge Funds, Including , Gideon Capital Advisors added PANW to its portfolio by purchasing 4,082 company shares during the most recent quarter which is valued at $519,149. Palo Alto Networks Inc makes up approx 0.29% of Gideon Capital Advisors’s portfolio.Financial Counselors Inc reduced its stake in PANW by selling 394 shares or 5.37% in the most recent quarter. The Hedge Fund company now holds 6,937 shares of PANW which is valued at $870,385. Palo Alto Networks Inc makes up approx 0.05% of Financial Counselors Inc’s portfolio. Harel Insurance Investments Financial Services Ltd. added PANW to its portfolio by purchasing 2,649 company shares during the most recent quarter which is valued at $343,337. Palo Alto Networks Inc makes up approx 0.04% of Harel Insurance Investments Financial Services Ltd.’s portfolio.Royal London Asset Management Ltd reduced its stake in PANW by selling 171 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 29,166 shares of PANW which is valued at $3,780,205. Palo Alto Networks Inc makes up approx 0.06% of Royal London Asset Management Ltd’s portfolio.
Palo Alto Networks Inc opened for trading at $139.7 and hit $143.32 on the upside on Tuesday, eventually ending the session at $142.11, with a gain of 3.32% or 4.57 points. The heightened volatility saw the trading volume jump to 20,43,444 shares. Company has a market cap of $12,733 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).