Schwab Charles Investment Management Inc. Has $20.59 Million Stake in Palo Alto Networks, Inc. (PANW)

Schwab Charles Investment Management Inc. increased its holdings in shares of Palo Alto Networks, Inc. (NYSE:PANW) by 8.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 153,838 shares of the network technology company’s stock after acquiring an additional 11,488 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.17% of Palo Alto Networks worth $20,586,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Wetherby Asset Management Inc. grew its position in shares of Palo Alto Networks by 0.9% during the 2nd quarter. Wetherby Asset Management Inc. now owns 12,448 shares of the network technology company’s stock valued at $1,666,000 after acquiring an additional 112 shares during the period. Trexquant Investment LP acquired a new stake in shares of Palo Alto Networks during the 2nd quarter valued at about $1,659,000. Global X Management Co. LLC grew its position in shares of Palo Alto Networks by 24.4% during the 2nd quarter. Global X Management Co. LLC now owns 1,168 shares of the network technology company’s stock valued at $156,000 after acquiring an additional 229 shares during the period. BP PLC grew its position in shares of Palo Alto Networks by 163.6% during the 2nd quarter. BP PLC now owns 29,000 shares of the network technology company’s stock valued at $3,882,000 after acquiring an additional 18,000 shares during the period. Finally, Seven Bridges Advisors LLC grew its position in shares of Palo Alto Networks by 11.2% during the 2nd quarter. Seven Bridges Advisors LLC now owns 1,702 shares of the network technology company’s stock valued at $228,000 after acquiring an additional 172 shares during the period. Hedge funds and other institutional investors own 77.00% of the company’s stock.

In other Palo Alto Networks news, insider Nir Zuk sold 2,000 shares of Palo Alto Networks stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $145.01, for a total value of $290,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carl M. Eschenbach sold 1,572 shares of Palo Alto Networks stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $144.99, for a total transaction of $227,924.28. Following the completion of the sale, the director now owns 3,619 shares of the company’s stock, valued at $524,718.81. The disclosure for this sale can be found here. Insiders have sold 78,001 shares of company stock worth $11,014,834 over the last ninety days. 4.80% of the stock is currently owned by insiders.

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Palo Alto Networks, Inc. (NYSE PANW) opened at 142.87 on Wednesday. The company’s 50 day moving average is $135.34 and its 200 day moving average is $126.14. Palo Alto Networks, Inc. has a 52 week low of $107.31 and a 52 week high of $165.69. The stock’s market cap is $13.12 billion.

Palo Alto Networks (NYSE:PANW) last released its earnings results on Thursday, August 31st. The network technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.92). The firm had revenue of $509.00 million during the quarter, compared to analysts’ expectations of $487.53 million. Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The business’s revenue was up 27.0% on a year-over-year basis. During the same period last year, the business earned $0.50 earnings per share. Equities analysts predict that Palo Alto Networks, Inc. will post $3.34 earnings per share for the current year.

Several equities research analysts recently issued reports on the company. ValuEngine cut Palo Alto Networks from a “hold” rating to a “sell” rating in a report on Monday. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $173.00 price objective on shares of Palo Alto Networks in a report on Monday. BidaskClub upgraded Palo Alto Networks from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $150.00 price objective (up from $145.00) on shares of Palo Alto Networks in a report on Tuesday, September 5th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $160.00 price objective (up from $145.00) on shares of Palo Alto Networks in a report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $157.91.

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.

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

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