Parametric Portfolio Associates LLC Has $12.72 Million Position in Palo Alto Networks, Inc. (PANW)

Parametric Portfolio Associates LLC lifted its position in shares of Palo Alto Networks, Inc. (NYSE:PANW) by 32.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,049 shares of the network technology company’s stock after buying an additional 23,292 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.10% of Palo Alto Networks worth $12,719,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PANW. Advisor Group Inc. increased its holdings in Palo Alto Networks by 19.7% in the 2nd quarter. Advisor Group Inc. now owns 5,424 shares of the network technology company’s stock valued at $726,000 after acquiring an additional 893 shares during the last quarter. Nordea Investment Management AB increased its holdings in Palo Alto Networks by 2.2% in the 2nd quarter. Nordea Investment Management AB now owns 2,607 shares of the network technology company’s stock valued at $349,000 after acquiring an additional 55 shares during the last quarter. Glenview Trust Co increased its holdings in Palo Alto Networks by 2.2% in the 2nd quarter. Glenview Trust Co now owns 4,600 shares of the network technology company’s stock valued at $616,000 after acquiring an additional 100 shares during the last quarter. Formula Growth Ltd. increased its holdings in Palo Alto Networks by 21.1% in the 2nd quarter. Formula Growth Ltd. now owns 74,652 shares of the network technology company’s stock valued at $9,989,000 after acquiring an additional 13,000 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC increased its holdings in Palo Alto Networks by 2.4% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the network technology company’s stock valued at $284,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 77.03% of the company’s stock.

In other news, President Mark Anderson sold 44,429 shares of Palo Alto Networks stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $143.10, for a total value of $6,357,789.90. Following the transaction, the president now directly owns 176,290 shares of the company’s stock, valued at approximately $25,227,099. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nir Zuk sold 2,000 shares of Palo Alto Networks stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $144.76, for a total transaction of $289,520.00. The disclosure for this sale can be found here. Insiders sold a total of 50,001 shares of company stock worth $7,165,254 over the last ninety days. Corporate insiders own 4.80% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://ledgergazette.com/2017/10/10/parametric-portfolio-associates-llc-has-12-72-million-position-in-palo-alto-networks-inc-panw.html.

Shares of Palo Alto Networks, Inc. (PANW) opened at 146.42 on Tuesday. The stock has a 50 day moving average of $140.13 and a 200-day moving average of $128.93. Palo Alto Networks, Inc. has a 1-year low of $107.31 and a 1-year high of $165.69. The firm’s market cap is $13.45 billion.

Palo Alto Networks (NYSE:PANW) last announced its earnings results on Thursday, August 31st. The network technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.92). The business had revenue of $509.00 million during the quarter, compared to analyst estimates of $487.53 million. Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. The business’s revenue was up 27.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share. Equities analysts anticipate that Palo Alto Networks, Inc. will post $3.33 EPS for the current fiscal year.

A number of brokerages have issued reports on PANW. Evercore ISI set a $140.00 price target on shares of Palo Alto Networks and gave the company a “hold” rating in a report on Saturday, June 17th. Morgan Stanley upgraded shares of Palo Alto Networks from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Imperial Capital upgraded shares of Palo Alto Networks from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $137.00 to $165.00 in a report on Tuesday, September 5th. Vetr downgraded shares of Palo Alto Networks from a “buy” rating to a “hold” rati

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PANW. Advisor Group Inc. increased its holdings in Palo Alto Networks by 19.7% in the 2nd quarter. Advisor Group Inc. now owns 5,424 shares of the network technology company’s stock valued at $726,000 after acquiring an additional 893 shares during the last quarter. Nordea Investment Management AB increased its holdings in Palo Alto Networks by 2.2% in the 2nd quarter. Nordea Investment Management AB now owns 2,607 shares of the network technology company’s stock valued at $349,000 after acquiring an additional 55 shares during the last quarter. Glenview Trust Co increased its holdings in Palo Alto Networks by 2.2% in the 2nd quarter. Glenview Trust Co now owns 4,600 shares of the network technology company’s stock valued at $616,000 after acquiring an additional 100 shares during the last quarter. Formula Growth Ltd. increased its holdings in Palo Alto Networks by 21.1% in the 2nd quarter. Formula Growth Ltd. now owns 74,652 shares of the network technology company’s stock valued at $9,989,000 after acquiring an additional 13,000 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC increased its holdings in Palo Alto Networks by 2.4% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the network technology company’s stock valued at $284,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 77.03% of the company’s stock.

In other news, President Mark Anderson sold 44,429 shares of Palo Alto Networks stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $143.10, for a total value of $6,357,789.90. Following the transaction, the president now directly owns 176,290 shares of the company’s stock, valued at approximately $25,227,099. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nir Zuk sold 2,000 shares of Palo Alto Networks stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $144.76, for a total transaction of $289,520.00. The disclosure for this sale can be found here. Insiders sold a total of 50,001 shares of company stock worth $7,165,254 over the last ninety days. Corporate insiders own 4.80% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://ledgergazette.com/2017/10/10/parametric-portfolio-associates-llc-has-12-72-million-position-in-palo-alto-networks-inc-panw.html.

Shares of Palo Alto Networks, Inc. (PANW) opened at 146.42 on Tuesday. The stock has a 50 day moving average of $140.13 and a 200-day moving average of $128.93. Palo Alto Networks, Inc. has a 1-year low of $107.31 and a 1-year high of $165.69. The firm’s market cap is $13.45 billion.

Palo Alto Networks (NYSE:PANW) last announced its earnings results on Thursday, August 31st. The network technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.92). The business had revenue of $509.00 million during the quarter, compared to analyst estimates of $487.53 million. Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. The business’s revenue was up 27.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share. Equities analysts anticipate that Palo Alto Networks, Inc. will post $3.33 EPS for the current fiscal year.

A number of brokerages have issued reports on PANW. Evercore ISI set a $140.00 price target on shares of Palo Alto Networks and gave the company a “hold” rating in a report on Saturday, June 17th. Morgan Stanley upgraded shares of Palo Alto Networks from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Imperial Capital upgraded shares of Palo Alto Networks from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $137.00 to $165.00 in a report on Tuesday, September 5th. Vetr downgraded shares of Palo Alto Networks from a “buy” rating to a “hold” rating and set a $140.90 target price on the stock. in a report on Monday, July 10th. Finally, BidaskClub upgraded shares of Palo Alto Networks from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $159.60.

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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