Palo Alto Networks Inc (PANW) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Palo Alto Networks Inc (NYSE:PANW) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,653 shares of the network technology company’s stock after purchasing an additional 5,616 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Palo Alto Networks were worth $22,223,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PANW. Advisors Capital Management LLC lifted its position in shares of Palo Alto Networks by 1.3% during the 3rd quarter. Advisors Capital Management LLC now owns 19,705 shares of the network technology company’s stock worth $4,439,000 after buying an additional 246 shares in the last quarter. ACG Wealth lifted its position in shares of Palo Alto Networks by 15.8% during the 3rd quarter. ACG Wealth now owns 1,901 shares of the network technology company’s stock worth $428,000 after buying an additional 260 shares in the last quarter. Coastline Trust Co lifted its position in shares of Palo Alto Networks by 19.3% during the 3rd quarter. Coastline Trust Co now owns 1,918 shares of the network technology company’s stock worth $432,000 after buying an additional 310 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Palo Alto Networks by 26.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,538 shares of the network technology company’s stock worth $346,000 after purchasing an additional 319 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Palo Alto Networks by 4.9% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 6,984 shares of the network technology company’s stock worth $1,435,000 after purchasing an additional 328 shares during the last quarter. 80.29% of the stock is currently owned by institutional investors.

In other Palo Alto Networks news, Director Stanley J. Meresman sold 1,958 shares of the business’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $177.48, for a total value of $347,505.84. Following the transaction, the director now owns 1,658 shares in the company, valued at $294,261.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nir Zuk sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $186.20, for a total transaction of $5,586,000.00. Following the transaction, the executive vice president now owns 1,121,927 shares in the company, valued at approximately $208,902,807.40. The disclosure for this sale can be found here. Insiders sold 143,194 shares of company stock worth $26,307,826 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

PANW stock opened at $195.97 on Friday. Palo Alto Networks Inc has a 12-month low of $148.41 and a 12-month high of $239.50. The stock has a market capitalization of $18.32 billion, a price-to-earnings ratio of -356.31, a PEG ratio of 11.58 and a beta of 0.81. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.10 and a current ratio of 2.10.

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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. Palo Alto Networks had a negative net margin of 5.04% and a negative return on equity of 1.72%. The firm had revenue of $656.00 million for the quarter, compared to analysts’ expectations of $632.16 million. During the same quarter in the previous year, the company earned $0.74 earnings per share. The company’s revenue for the quarter was up 30.7% compared to the same quarter last year. As a group, equities analysts predict that Palo Alto Networks Inc will post 0.71 EPS for the current year.

Several equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Palo Alto Networks from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 29th. Robert W. Baird restated a “buy” rating and set a $250.00 price target on shares of Palo Alto Networks in a research note on Friday, November 30th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $235.00 price objective (down from $265.00) on shares of Palo Alto Networks in a research note on Monday, November 26th. Zacks Investment Research reiterated a “hold” rating and issued a $212.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, November 14th. Finally, Gabelli upgraded shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $207.00 price objective for the company in a research note on Friday, November 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the stock. Palo Alto Networks has an average rating of “Buy” and a consensus target price of $238.60.

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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.

Further Reading: Cost of Capital Explained

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

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