Sirios Capital Management L P Boosts Position in Palo Alto Networks, Inc. (PANW)

Sirios Capital Management L P boosted its stake in shares of Palo Alto Networks, Inc. (NYSE:PANW) by 10.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 334,181 shares of the network technology company’s stock after buying an additional 31,011 shares during the quarter. Palo Alto Networks makes up approximately 2.5% of Sirios Capital Management L P’s portfolio, making the stock its 17th largest holding. Sirios Capital Management L P owned about 0.36% of Palo Alto Networks worth $48,155,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Palo Alto Networks by 6.5% in the first quarter. Dimensional Fund Advisors LP now owns 88,509 shares of the network technology company’s stock worth $9,974,000 after buying an additional 5,399 shares in the last quarter. Capstone Asset Management Co. lifted its holdings in shares of Palo Alto Networks by 1.3% in the second quarter. Capstone Asset Management Co. now owns 2,284 shares of the network technology company’s stock worth $306,000 after buying an additional 30 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Palo Alto Networks by 85.0% in the second quarter. Nisa Investment Advisors LLC now owns 3,700 shares of the network technology company’s stock worth $449,000 after buying an additional 1,700 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Palo Alto Networks by 44.2% in the second quarter. Aperio Group LLC now owns 17,980 shares of the network technology company’s stock worth $2,406,000 after buying an additional 5,508 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Palo Alto Networks by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 16,971 shares of the network technology company’s stock worth $2,271,000 after buying an additional 43 shares in the last quarter. Institutional investors own 79.98% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Dougherty & Co reissued a “buy” rating and issued a $180.00 price target (up from $170.00) on shares of Palo Alto Networks in a report on Tuesday, November 21st. FBN Securities raised shares of Palo Alto Networks from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, November 21st. Zacks Investment Research raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Tuesday, November 28th. BidaskClub raised shares of Palo Alto Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $180.00 target price (up from $173.00) on shares of Palo Alto Networks in a research note on Tuesday, November 21st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $162.84.

Shares of Palo Alto Networks, Inc. (NYSE PANW) traded up $0.30 during trading hours on Monday, reaching $144.07. The company’s stock had a trading volume of 745,523 shares, compared to its average volume of 1,775,917. Palo Alto Networks, Inc. has a fifty-two week low of $107.31 and a fifty-two week high of $157.65.

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

In other Palo Alto Networks news, insider Nir Zuk sold 2,000 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $145.01, for a total transaction of $290,020.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Mark Anderson sold 44,429 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $143.10, for a total value of $6,357,789.90. Following the sale, the president now owns 176,290 shares of the company’s stock, valued at $25,227,099. The disclosure for this sale can be found here. In the last three months, insiders sold 329,171 shares of company stock valued at $48,931,891. 4.80% of the stock is owned by insiders.

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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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