Trexquant Investment LP purchased a new position in shares of Palo Alto Networks Inc (NYSE:PANW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 40,553 shares of the network technology company’s stock, valued at approximately $9,135,000. Palo Alto Networks makes up about 0.7% of Trexquant Investment LP’s holdings, making the stock its 9th biggest position.
Other large investors have also modified their holdings of the company. First Manhattan Co. bought a new stake in shares of Palo Alto Networks in the 3rd quarter valued at about $106,000. Banco de Sabadell S.A bought a new stake in shares of Palo Alto Networks in the 2nd quarter valued at about $103,000. Price Capital Management Inc. bought a new stake in shares of Palo Alto Networks in the 3rd quarter valued at about $113,000. CIBC Private Wealth Group LLC raised its holdings in shares of Palo Alto Networks by 2,475.0% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 515 shares of the network technology company’s stock valued at $106,000 after purchasing an additional 495 shares during the period. Finally, NEXT Financial Group Inc bought a new stake in shares of Palo Alto Networks in the 3rd quarter valued at about $125,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.
In other Palo Alto Networks news, Director Mark D. Mclaughlin sold 40,000 shares of the stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $184.23, for a total transaction of $7,369,200.00. Following the transaction, the director now owns 256,952 shares in the company, valued at approximately $47,338,266.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stanley J. Meresman sold 1,979 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $234.22, for a total transaction of $463,521.38. Following the transaction, the director now owns 5,716 shares in the company, valued at approximately $1,338,801.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 284,711 shares of company stock worth $62,090,136. Company insiders own 3.10% of the company’s stock.
Shares of PANW opened at $167.97 on Friday. Palo Alto Networks Inc has a 52 week low of $140.12 and a 52 week high of $239.50. The stock has a market capitalization of $15.74 billion, a P/E ratio of -305.39, a P/E/G ratio of 11.73 and a beta of 1.22. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 1.42.
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 Zacks’ consensus estimate of $1.17 by $0.11. Palo Alto Networks had a negative net margin of 6.51% and a negative return on equity of 4.12%. The firm had revenue of $658.10 million for the quarter, compared to analyst estimates of $634.14 million. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s revenue was up 29.3% compared to the same quarter last year. Equities analysts expect that Palo Alto Networks Inc will post 0.61 earnings per share for the current year.
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.
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