3,096 Shares in Palo Alto Networks, Inc. (PANW) Acquired by Vident Investment Advisory LLC

Vident Investment Advisory LLC bought a new position in shares of Palo Alto Networks, Inc. (NYSE:PANW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,096 shares of the network technology company’s stock, valued at approximately $446,000.

Several other large investors also recently bought and sold shares of the business. Sun Life Financial INC raised its position in shares of Palo Alto Networks by 785.0% in the second quarter. Sun Life Financial INC now owns 1,000 shares of the network technology company’s stock worth $134,000 after buying an additional 887 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Palo Alto Networks by 24.4% in the second quarter. Global X Management Co. LLC now owns 1,168 shares of the network technology company’s stock worth $156,000 after buying an additional 229 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Palo Alto Networks in the third quarter worth $162,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Palo Alto Networks by 495.2% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,232 shares of the network technology company’s stock worth $178,000 after buying an additional 1,025 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Palo Alto Networks by 30.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,396 shares of the network technology company’s stock worth $188,000 after buying an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

In other news, CFO Kathleen Bonanno sold 2,831 shares of Palo Alto Networks stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $150.68, for a total transaction of $426,575.08. Following the completion of the transaction, the chief financial officer now directly owns 38,716 shares in the company, valued at $5,833,726.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Rene Bonvanie sold 16,596 shares of Palo Alto Networks stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $151.83, for a total transaction of $2,519,770.68. Following the transaction, the chief marketing officer now owns 95,584 shares of the company’s stock, valued at $14,512,518.72. The disclosure for this sale can be found here. Insiders have sold 298,784 shares of company stock valued at $44,595,631 over the last quarter. Company insiders own 4.80% of the company’s stock.

A number of research analysts recently commented 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 note on Friday, August 25th. Citigroup reissued a “buy” rating and issued a $168.00 target price (up previously from $160.00) on shares of Palo Alto Networks in a research note on Friday, September 1st. Jefferies Group increased their target price on Palo Alto Networks from $155.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, September 1st. BTIG Research reissued a “buy” rating and issued a $175.00 target price on shares of Palo Alto Networks in a research note on Thursday, August 31st. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $165.00 target price (up previously from $158.00) on shares of Palo Alto Networks in a research note on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $162.84.

Shares of Palo Alto Networks, Inc. (NYSE PANW) traded up $1.83 on Monday, reaching $147.26. 1,264,200 shares of the company’s stock traded hands, compared to its average volume of 1,752,704. Palo Alto Networks, Inc. has a twelve month low of $107.31 and a twelve month high of $157.65.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings data on Monday, November 20th. The network technology company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $505.50 million during the quarter, compared to analyst estimates of $489.36 million. During the same period last year, the business posted $0.55 earnings per share. Palo Alto Networks’s quarterly revenue was up 27.0% compared to the same quarter last year. equities analysts anticipate that Palo Alto Networks, Inc. will post -0.37 EPS for the current fiscal year.

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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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