Palo Alto Networks Inc (PANW) : Tremblant Capital Group added new position in Palo Alto Networks Inc during the most recent quarter end. The investment management firm now holds 231,787 shares of Palo Alto Networks Inc which is valued at $29,478,671 , the company said in a statement filed on Aug 15, 2016 with the SEC.Palo Alto Networks Inc makes up approximately 2.34% of Tremblant Capital Group’s portfolio.
Other Hedge Funds, Including , Carlson Capital L P sold out all of its stake in PANW during the most recent quarter. The investment firm sold 74,375 shares of PANW which is valued $9,459,013.Korea Investment Corp boosted its stake in PANW in the latest quarter, The investment management firm added 6,300 additional shares and now holds a total of 126,300 shares of Palo Alto Networks Inc which is valued at $16,062,834. Palo Alto Networks Inc makes up approx 0.09% of Korea Investment Corp’s portfolio. Formidable Asset Management sold out all of its stake in PANW during the most recent quarter. The investment firm sold 75 shares of PANW which is valued $9,539.Artisan Partners Limited Partnership reduced its stake in PANW by selling 356,956 shares or 23.13% in the most recent quarter. The Hedge Fund company now holds 1,186,338 shares of PANW which is valued at $150,878,467. Palo Alto Networks Inc makes up approx 0.30% of Artisan Partners Limited Partnership’s portfolio.Qci Asset Management Incny boosted its stake in PANW in the latest quarter, The investment management firm added 2,066 additional shares and now holds a total of 70,267 shares of Palo Alto Networks Inc which is valued at $9,259,785. Palo Alto Networks Inc makes up approx 1.26% of Qci Asset Management Incny’s portfolio.
Palo Alto Networks Inc opened for trading at $145 and hit $148.77 on the upside on Wednesday, eventually ending the session at $147.33, with a gain of 1.63% or 2.36 points. The heightened volatility saw the trading volume jump to 1,831,267 shares. Company has a market cap of $13,201 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).