Partner Fund Management buys $78,637,402 stake in Palo Alto Networks Inc (PANW)

Palo Alto Networks Inc (PANW) : Partner Fund Management scooped up 181,392 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 Nov 14, 2016. The investment management firm now holds a total of 502,636 shares of Palo Alto Networks Inc which is valued at $78,637,402.Palo Alto Networks Inc makes up approximately 2.68% of Partner Fund Management’s portfolio.

Other Hedge Funds, Including , Pictet Asset Management Ltd boosted its stake in PANW in the latest quarter, The investment management firm added 230,900 additional shares and now holds a total of 452,600 shares of Palo Alto Networks Inc which is valued at $70,809,270. Palo Alto Networks Inc makes up approx 0.27% of Pictet Asset Management Ltd’s portfolio.Pacer Advisors reduced its stake in PANW by selling 2 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 175 shares of PANW which is valued at $26,584.Emerald Advisers Incpa boosted its stake in PANW in the latest quarter, The investment management firm added 2,945 additional shares and now holds a total of 21,285 shares of Palo Alto Networks Inc which is valued at $3,226,593. Palo Alto Networks Inc makes up approx 0.15% of Emerald Advisers Incpa’s portfolio. Everett Harris Co Ca sold out all of its stake in PANW during the most recent quarter. The investment firm sold 5,000 shares of PANW which is valued $757,250.

Palo Alto Networks Inc closed down -2.8 points or -1.71% at $161.35 with 16,15,921 shares getting traded on Monday. Post opening the session at $164.57, the shares hit an intraday low of $160.3001 and an intraday high of $164.57 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. Wunderlich Resumed Palo Alto Networks Inc on Sep 13, 2016 to “Buy”, Price Target of the shares are set at $190.Palo Alto Networks Inc was Initiated by Rosenblatt to “Buy” on Sep 12, 2016. 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 .

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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