Strs Ohio Grows Holdings in Palo Alto Networks, Inc. (PANW)

Strs Ohio grew its position in Palo Alto Networks, Inc. (NYSE:PANW) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,225 shares of the network technology company’s stock after acquiring an additional 347 shares during the quarter. Strs Ohio’s holdings in Palo Alto Networks were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Palo Alto Networks by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 7,262,069 shares of the network technology company’s stock valued at $971,738,000 after purchasing an additional 254,836 shares during the last quarter. American Century Companies Inc. increased its position in shares of Palo Alto Networks by 512.7% during the 2nd quarter. American Century Companies Inc. now owns 1,747,339 shares of the network technology company’s stock valued at $233,811,000 after purchasing an additional 1,462,162 shares during the last quarter. CI Global Investments Inc. increased its position in shares of Palo Alto Networks by 2.4% during the 2nd quarter. CI Global Investments Inc. now owns 1,617,837 shares of the network technology company’s stock valued at $216,483,000 after purchasing an additional 37,597 shares during the last quarter. Harbour Capital Advisors LLC increased its position in shares of Palo Alto Networks by 13,115.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,172,176 shares of the network technology company’s stock valued at $8,760,000 after purchasing an additional 1,163,306 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Palo Alto Networks by 109.9% during the 2nd quarter. Northern Trust Corp now owns 1,142,533 shares of the network technology company’s stock valued at $152,883,000 after purchasing an additional 598,115 shares during the last quarter. 76.89% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on PANW shares. Piper Jaffray Companies set a $146.00 target price on Palo Alto Networks and gave the company a “buy” rating in a research report on Friday, August 25th. BidaskClub raised Palo Alto Networks from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Vetr raised Palo Alto Networks from a “hold” rating to a “buy” rating and set a $138.40 target price on the stock in a research report on Monday, July 31st. BTIG Research reissued a “buy” rating and set a $175.00 target price on shares of Palo Alto Networks in a research report on Thursday, August 31st. Finally, Citigroup Inc. reissued a “buy” rating and set a $168.00 target price (up previously from $160.00) on shares of Palo Alto Networks in a research report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $160.33.

In other news, insider Nir Zuk sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $144.69, for a total value of $289,380.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Carl M. Eschenbach sold 1,572 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $144.99, for a total value of $227,924.28. Following the completion of the sale, the director now owns 3,619 shares in the company, valued at approximately $524,718.81. The disclosure for this sale can be found here. Insiders sold 256,744 shares of company stock worth $38,093,896 in the last 90 days. Company insiders own 4.80% of the company’s stock.

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Palo Alto Networks, Inc. (PANW) opened at $146.36 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.65 and a current ratio of 1.65. Palo Alto Networks, Inc. has a 1-year low of $107.31 and a 1-year high of $165.69.

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 for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $509.00 million during the quarter, compared to analyst estimates of $487.53 million. During the same period in the prior year, the company posted $0.50 earnings per share. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. research analysts predict that Palo Alto Networks, Inc. will post -0.49 EPS for the current year.

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.

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

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