Palo Alto Networks Inc (PANW) Shares Sold by Winslow Evans & Crocker Inc.

Winslow Evans & Crocker Inc. trimmed its stake in Palo Alto Networks Inc (NYSE:PANW) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,610 shares of the network technology company’s stock after selling 460 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Palo Alto Networks were worth $378,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PANW. First Trust Advisors LP lifted its position in Palo Alto Networks by 55.1% during the 3rd quarter. First Trust Advisors LP now owns 204,302 shares of the network technology company’s stock valued at $29,440,000 after acquiring an additional 72,573 shares during the period. Parametric Portfolio Associates LLC lifted its position in Palo Alto Networks by 32.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 95,049 shares of the network technology company’s stock valued at $12,719,000 after acquiring an additional 23,292 shares during the period. Cambridge Trust Co. lifted its position in Palo Alto Networks by 48.5% during the 3rd quarter. Cambridge Trust Co. now owns 137,115 shares of the network technology company’s stock valued at $19,758,000 after acquiring an additional 44,759 shares during the period. Green Square Capital LLC lifted its position in Palo Alto Networks by 30.4% during the 3rd quarter. Green Square Capital LLC now owns 4,027 shares of the network technology company’s stock valued at $580,000 after acquiring an additional 939 shares during the period. Finally, Trellus Management Company LLC purchased a new position in Palo Alto Networks during the 3rd quarter valued at about $461,000. 79.98% of the stock is owned by hedge funds and other institutional investors.

Shares of Palo Alto Networks Inc (NYSE PANW) opened at $157.22 on Friday. Palo Alto Networks Inc has a 12 month low of $107.31 and a 12 month high of $158.78. The company has a market cap of $14,501.92, a P/E ratio of -63.91 and a beta of 1.00.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. The firm had revenue of $505.50 million during the quarter, compared to analyst estimates of $489.36 million. During the same period in the previous year, the business posted $0.55 earnings per share. The business’s revenue for the quarter was up 27.0% on a year-over-year basis. equities analysts expect that Palo Alto Networks Inc will post -0.37 EPS for the current fiscal year.

PANW has been the subject of a number of recent research reports. Morgan Stanley raised shares of Palo Alto Networks from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $150.00 to $185.00 in a research report on Tuesday, October 10th. William Blair raised shares of Palo Alto Networks from a “market perform” rating to an “outperform” rating in a research report on Monday, December 4th. Zacks Investment Research cut shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub raised shares of Palo Alto Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Evercore ISI set a $145.00 price target on shares of Palo Alto Networks and gave the company a “hold” rating in a research report on Thursday, November 16th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $165.74.

In related news, CEO Mark D. Mclaughlin sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $149.50, for a total transaction of $5,232,500.00. Following the completion of the sale, the chief executive officer now directly owns 348,901 shares in the company, valued at $52,160,699.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James J. Goetz sold 78,000 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $146.78, for a total transaction of $11,448,840.00. The disclosure for this sale can be found here. Insiders sold 354,644 shares of company stock valued at $52,415,318 over the last quarter. Company insiders own 4.80% of the company’s stock.

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About Palo Alto Networks

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.

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

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