40,553 Shares in Palo Alto Networks Inc (PANW) Acquired by Trexquant Investment LP

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.

PANW has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on shares of Palo Alto Networks to $276.00 and gave the company a “top pick” rating in a report on Monday, October 8th. Zacks Investment Research cut shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Robert W. Baird reaffirmed an “outperform” rating on shares of Palo Alto Networks in a report on Thursday, October 18th. Wedbush initiated coverage on shares of Palo Alto Networks in a report on Thursday, October 18th. They issued a “neutral” rating and a $225.00 target price on the stock. Finally, Summit Insights cut shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $243.39.

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.

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

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