Crosslink Capital Inc Lowers stake in Palo Alto Networks Inc (PANW)

Palo Alto Networks Inc (PANW) : Crosslink Capital Inc reduced its stake in Palo Alto Networks Inc by 32.0% during the most recent quarter end. The investment management company now holds a total of 142,796 shares of Palo Alto Networks Inc which is valued at $18,160,795 after selling 67,199 shares in Palo Alto Networks Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Palo Alto Networks Inc makes up approximately 3.07% of Crosslink Capital Inc’s portfolio.

Other Hedge Funds, Including , Scge Management boosted its stake in PANW in the latest quarter, The investment management firm added 25,000 additional shares and now holds a total of 225,000 shares of Palo Alto Networks Inc which is valued at $28,615,500. Palo Alto Networks Inc makes up approx 4.31% of Scge Management’s portfolio. Clinton Group Inc added PANW to its portfolio by purchasing 23,070 company shares during the most recent quarter which is valued at $2,934,043. Palo Alto Networks Inc makes up approx 0.12% of Clinton Group Inc’s portfolio.Menta Capital boosted its stake in PANW in the latest quarter, The investment management firm added 3,200 additional shares and now holds a total of 11,310 shares of Palo Alto Networks Inc which is valued at $1,438,406. Palo Alto Networks Inc makes up approx 0.19% of Menta Capital’s portfolio.Blackrock Investment Management boosted its stake in PANW in the latest quarter, The investment management firm added 6,494 additional shares and now holds a total of 39,286 shares of Palo Alto Networks Inc which is valued at $4,996,393. Palo Alto Networks Inc makes up approx 0.01% of Blackrock Investment Management’s portfolio.Concert Wealth Management boosted its stake in PANW in the latest quarter, The investment management firm added 931 additional shares and now holds a total of 2,855 shares of Palo Alto Networks Inc which is valued at $373,691. Palo Alto Networks Inc makes up approx 0.05% of Concert Wealth Management’s portfolio.

Palo Alto Networks Inc opened for trading at $133.27 and hit $141.34 on the upside on Thursday, eventually ending the session at $140.66, with a gain of 5.62% or 7.49 points. The heightened volatility saw the trading volume jump to 49,10,932 shares. Company has a market cap of $12,604 M.

On the company’s financial health, Palo Alto Networks Inc reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 30, 2016. Analyst had a consensus of $0.49. The company had revenue of $400.80 million for the quarter, compared to analysts expectations of $389.90 million. The company’s revenue was up 41.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Palo Alto Networks Inc. Shares were Downgraded by Raymond James on Aug 31, 2016 to ” Outperform” and Lowered the Price Target to $ 165 from a previous price target of $180 .Shares were Reiterated by Maxim Group on Aug 31, 2016 to “Buy” and Lowered the Price Target to $ 185 from a previous price target of $215 .Shares were Reiterated by RBC Capital Mkts on Aug 31, 2016 to “Outperform” and Lowered the Price Target to $ 175 from a previous price target of $185 .

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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