Palo Alto Networks, Inc. (PANW) Holdings Maintained by Westpac Banking Corp

Westpac Banking Corp held its position in Palo Alto Networks, Inc. (NYSE:PANW) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,437 shares of the network technology company’s stock at the end of the second quarter. Westpac Banking Corp’s holdings in Palo Alto Networks were worth $728,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Fox Run Management L.L.C. bought a new stake in shares of Palo Alto Networks in the 2nd quarter valued at about $415,000. Mogy Joel R Investment Counsel Inc. raised its holdings in shares of Palo Alto Networks by 18.6% in the 1st quarter. Mogy Joel R Investment Counsel Inc. now owns 28,168 shares of the network technology company’s stock valued at $3,174,000 after purchasing an additional 4,420 shares during the period. Diversified Trust Co raised its holdings in shares of Palo Alto Networks by 7.6% in the 2nd quarter. Diversified Trust Co now owns 1,993 shares of the network technology company’s stock valued at $267,000 after purchasing an additional 140 shares during the period. Ranger Investment Management L.P. raised its holdings in shares of Palo Alto Networks by 33.6% in the 1st quarter. Ranger Investment Management L.P. now owns 2,980 shares of the network technology company’s stock valued at $336,000 after purchasing an additional 750 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Palo Alto Networks by 29.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 47,866 shares of the network technology company’s stock valued at $5,394,000 after purchasing an additional 10,975 shares during the period. Institutional investors own 77.05% of the company’s stock.

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In other news, Director James J. Goetz sold 30,000 shares of the company’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $137.97, for a total value of $4,139,100.00. Following the completion of the sale, the director now owns 271,645 shares of the company’s stock, valued at approximately $37,478,860.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl M. Eschenbach sold 1,572 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $144.99, for a total transaction of $227,924.28. Following the completion of the sale, the director now directly owns 3,619 shares of the company’s stock, valued at approximately $524,718.81. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by corporate insiders.

Palo Alto Networks, Inc. (PANW) opened at 143.56 on Wednesday. Palo Alto Networks, Inc. has a 1-year low of $107.31 and a 1-year high of $165.69. The company’s market cap is $13.18 billion. The stock’s 50 day moving average is $134.15 and its 200 day moving average is $125.75.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings data on Thursday, August 31st. The network technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.92). Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. The business had revenue of $509.00 million during the quarter, compared to analysts’ expectations of $487.53 million. During the same period last year, the company posted $0.50 EPS. Palo Alto Networks’s revenue for the quarter was up 27.0% on a year-over-year basis. Equities analysts anticipate that Palo Alto Networks, Inc. will post $3.34 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on PANW. Piper Jaffray Companies set a $156.00 target price on shares of Palo Alto Networks and gave the company a “buy” rating in a report on Thursday, June 1st. Cowen and Company reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Palo Alto Networks in a report on Thursday, May 25th. Evercore ISI reaffirmed an “in-line” rating and issued a $145.00 target price (up from $140.00) on shares of Palo Alto Networks in a report on Friday, September 1st. UBS AG reaffirmed a “neutral” rating and issued a $146.00 target price (up from $140.00) on shares of Palo Alto Networks in a report on Friday, September 1st. Finally, Vetr raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $140.90 target price on the stock in a report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $157.91.

Palo Alto Networks Profile

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its 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.

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Institutional Ownership by Quarter for Palo Alto Networks (NYSE:PANW)

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