Palo Alto Networks Inc (PANW) Shares Bought by Benjamin F. Edwards & Company Inc.

Share on StockTwits

Benjamin F. Edwards & Company Inc. grew its stake in Palo Alto Networks Inc (NYSE:PANW) by 26.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 262 shares of the network technology company’s stock after purchasing an additional 55 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Palo Alto Networks were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. North Star Investment Management Corp. boosted its position in Palo Alto Networks by 28.6% during the 4th quarter. North Star Investment Management Corp. now owns 450 shares of the network technology company’s stock worth $85,000 after buying an additional 100 shares during the period. Shine Investment Advisory Services Inc. boosted its position in Palo Alto Networks by 154.8% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 479 shares of the network technology company’s stock worth $90,000 after buying an additional 291 shares during the period. We Are One Seven LLC acquired a new stake in Palo Alto Networks during the 4th quarter worth approximately $92,000. Ipswich Investment Management Co. Inc. acquired a new stake in Palo Alto Networks during the 4th quarter worth approximately $97,000. Finally, First Manhattan Co. acquired a new stake in Palo Alto Networks during the 3rd quarter worth approximately $106,000. Institutional investors own 80.63% of the company’s stock.

Several equities research analysts recently commented on PANW shares. Credit Suisse Group cut their target price on shares of Palo Alto Networks from $185.00 to $160.00 in a research report on Sunday, December 9th. ValuEngine downgraded shares of Palo Alto Networks from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 29th. Gabelli upgraded shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $207.00 target price on the stock in a research report on Friday, November 30th. Maxim Group lifted their target price on shares of Palo Alto Networks from $274.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, November 30th. Finally, Jefferies Financial Group cut their target price on shares of Palo Alto Networks from $267.00 to $249.00 and set a “buy” rating on the stock in a research report on Friday, November 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have given a buy rating and three have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $244.76.

NYSE:PANW opened at $222.16 on Thursday. The firm has a market capitalization of $21.35 billion, a PE ratio of -403.93, a P/E/G ratio of 13.47 and a beta of 0.91. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 2.10. Palo Alto Networks Inc has a twelve month low of $155.75 and a twelve month high of $239.50.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings data on Thursday, November 29th. The network technology company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. The company had revenue of $656.00 million during the quarter, compared to analyst estimates of $632.16 million. Palo Alto Networks had a negative net margin of 5.04% and a negative return on equity of 1.72%. Palo Alto Networks’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS. Analysts forecast that Palo Alto Networks Inc will post 0.71 EPS for the current fiscal year.

In other news, Director Mark D. Mclaughlin sold 40,000 shares of Palo Alto Networks stock in a transaction on Friday, February 1st. The shares were sold at an average price of $216.37, for a total value of $8,654,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stanley J. Meresman sold 1,958 shares of Palo Alto Networks stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $177.48, for a total transaction of $347,505.84. Following the completion of the sale, the director now owns 1,658 shares of the company’s stock, valued at approximately $294,261.84. The disclosure for this sale can be found here. Insiders sold a total of 164,524 shares of company stock valued at $32,949,611 in the last quarter. 3.10% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: “Palo Alto Networks Inc (PANW) Shares Bought by Benjamin F. Edwards & Company Inc.” was reported by Week Herald and is owned by of Week Herald. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://weekherald.com/2019/02/14/palo-alto-networks-inc-panw-shares-bought-by-benjamin-f-edwards-company-inc.html.

About Palo Alto Networks

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.

See Also: What do I need to know about analyst ratings?

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks Inc (NYSE:PANW).

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

Receive News & Ratings for Palo Alto Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply