Palo Alto Networks Inc (PANW) Stake Lowered by WINTON GROUP Ltd

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WINTON GROUP Ltd trimmed its holdings in shares of Palo Alto Networks Inc (NYSE:PANW) by 6.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,241 shares of the network technology company’s stock after selling 5,747 shares during the period. WINTON GROUP Ltd’s holdings in Palo Alto Networks were worth $18,300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Banco de Sabadell S.A bought a new stake in shares of Palo Alto Networks during the second quarter valued at about $103,000. CIBC Private Wealth Group LLC grew its stake in shares of Palo Alto Networks by 2,475.0% in the second quarter. CIBC Private Wealth Group LLC now owns 515 shares of the network technology company’s stock worth $106,000 after acquiring an additional 495 shares during the last quarter. First Manhattan Co. purchased a new stake in shares of Palo Alto Networks in the third quarter worth $106,000. Price Capital Management Inc. purchased a new stake in shares of Palo Alto Networks during the third quarter valued at $113,000. Finally, LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Palo Alto Networks during the second quarter valued at $123,000. Institutional investors own 80.09% of the company’s stock.

Shares of NYSE:PANW opened at $184.80 on Wednesday. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of -337.29, a PEG ratio of 12.94 and a beta of 1.22. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.93 and a current ratio of 1.93. Palo Alto Networks Inc has a 52-week low of $135.85 and a 52-week high of $239.50.

Palo Alto Networks (NYSE:PANW) last announced its earnings results on Thursday, September 6th. The network technology company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.11. The business had revenue of $658.10 million for the quarter, compared to analysts’ expectations of $634.14 million. Palo Alto Networks had a negative return on equity of 4.12% and a negative net margin of 6.51%. The business’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period last year, the firm posted $0.92 earnings per share. As a group, equities analysts anticipate that Palo Alto Networks Inc will post 0.61 EPS for the current year.

In other news, Director Mark D. Mclaughlin sold 40,000 shares of the firm’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $184.23, for a total value of $7,369,200.00. Following the transaction, the director now owns 256,952 shares of the company’s stock, valued at $47,338,266.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lee Klarich sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $214.08, for a total value of $856,320.00. Following the completion of the transaction, the executive vice president now directly owns 384,522 shares in the company, valued at approximately $82,318,469.76. The disclosure for this sale can be found here. Insiders sold 289,178 shares of company stock worth $63,045,941 over the last three months. Insiders own 3.10% of the company’s stock.

PANW has been the topic of several recent analyst reports. Morgan Stanley increased their price objective on Palo Alto Networks to $276.00 and gave the company a “top pick” rating in a research report on Monday, October 8th. Zacks Investment Research cut Palo Alto Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. ValuEngine raised Palo Alto Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 3rd. Argus increased their price objective on Palo Alto Networks to $275.00 and gave the company a “buy” rating in a research report on Monday, September 10th. Finally, Stifel Nicolaus increased their price objective on Palo Alto Networks from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Friday, September 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $240.94.

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Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

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

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