FNY Partners Fund LP Has $112,000 Stake in Palo Alto Networks, Inc. (NYSE:PANW)

FNY Partners Fund LP lowered its stake in shares of Palo Alto Networks, Inc. (NYSE:PANW) by 60.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,000 shares of the network technology company’s stock after selling 1,500 shares during the period. FNY Partners Fund LP’s holdings in Palo Alto Networks were worth $112,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of PANW. NEXT Financial Group Inc boosted its position in shares of Palo Alto Networks by 0.4% in the first quarter. NEXT Financial Group Inc now owns 4,950 shares of the network technology company’s stock worth $537,000 after buying an additional 22 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of Palo Alto Networks by 0.4% in the first quarter. Wedbush Securities Inc. now owns 5,437 shares of the network technology company’s stock worth $613,000 after buying an additional 23 shares during the period. Nordea Investment Management AB raised its stake in shares of Palo Alto Networks by 1.2% in the first quarter. Nordea Investment Management AB now owns 2,552 shares of the network technology company’s stock worth $288,000 after buying an additional 31 shares during the period. WFG Advisors LP raised its stake in shares of Palo Alto Networks by 5.9% in the first quarter. WFG Advisors LP now owns 900 shares of the network technology company’s stock worth $101,000 after buying an additional 50 shares during the period. Finally, Chesley Taft & Associates LLC raised its stake in shares of Palo Alto Networks by 0.3% in the first quarter. Chesley Taft & Associates LLC now owns 22,897 shares of the network technology company’s stock worth $2,580,000 after buying an additional 77 shares during the period. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Palo Alto Networks, Inc. (NYSE:PANW) traded down 0.98% on Friday, reaching $133.70. 935,519 shares of the company traded hands. Palo Alto Networks, Inc. has a 1-year low of $107.31 and a 1-year high of $165.69. The stock’s market capitalization is $12.28 billion. The stock has a 50 day moving average of $136.14 and a 200-day moving average of $128.86.

Palo Alto Networks (NYSE:PANW) last released its earnings results on Wednesday, May 31st. The network technology company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. Palo Alto Networks had a negative net margin of 14.38% and a negative return on equity of 23.77%. The firm had revenue of $431.80 million for the quarter, compared to analyst estimates of $412.11 million. During the same period in the prior year, the firm earned $0.42 earnings per share. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post $2.59 EPS for the current year.

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A number of equities research analysts have issued reports on PANW shares. Monness Crespi & Hardt started coverage on shares of Palo Alto Networks in a report on Thursday, April 6th. They issued a “buy” rating and a $150.00 price target on the stock. FBN Securities lowered shares of Palo Alto Networks from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $135.00 to $115.00 in a research note on Monday, April 17th. BMO Capital Markets cut their target price on shares of Palo Alto Networks from $132.00 to $126.00 and set an “outperform” rating on the stock in a research note on Friday, April 21st. OTR Global reaffirmed a “positive” rating on shares of Palo Alto Networks in a research note on Wednesday, May 10th. Finally, Jefferies Group LLC raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and lifted their target price for the company from $130.00 to $150.00 in a research note on Friday, May 19th. Twenty-two research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $151.00.

In related news, Director James J. Goetz sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $137.97, for a total value of $4,139,100.00. Following the completion of the transaction, the director now directly owns 271,645 shares of the company’s stock, valued at $37,478,860.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.80% of the company’s stock.

Palo Alto Networks Company 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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