Hunt Lane Capital Lp buys $16,660,580 stake in Palo Alto Networks Inc (PANW)

Palo Alto Networks Inc (PANW) : Hunt Lane Capital Lp scooped up 26,000 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 15, 2016. The investment management firm now holds a total of 131,000 shares of Palo Alto Networks Inc which is valued at $16,660,580.Palo Alto Networks Inc makes up approximately 4.88% of Hunt Lane Capital Lp’s portfolio.

Other Hedge Funds, Including , Amp Capital Investors Ltd reduced its stake in PANW by selling 5,188 shares or 8.61% in the most recent quarter. The Hedge Fund company now holds 55,088 shares of PANW which is valued at $7,006,092. Palo Alto Networks Inc makes up approx 0.04% of Amp Capital Investors Ltd’s portfolio. Visium Asset Management Lp added PANW to its portfolio by purchasing 11,891 company shares during the most recent quarter which is valued at $1,512,297. Palo Alto Networks Inc makes up approx 0.15% of Visium Asset Management Lp’s portfolio.Adell Harriman Carpenter Inc boosted its stake in PANW in the latest quarter, The investment management firm added 9,763 additional shares and now holds a total of 11,578 shares of Palo Alto Networks Inc which is valued at $1,525,749. Palo Alto Networks Inc makes up approx 0.38% of Adell Harriman Carpenter Inc’s portfolio. Her Majesty The Queen In Right Of The Province Of Alberta… sold out all of its stake in PANW during the most recent quarter. The investment firm sold 16,135 shares of PANW which is valued $2,091,257.Cibc Asset Management Inc boosted its stake in PANW in the latest quarter, The investment management firm added 58 additional shares and now holds a total of 3,771 shares of Palo Alto Networks Inc which is valued at $488,759.

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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