Two Sigma Advisers LP lifted its holdings in shares of Palo Alto Networks Inc (NYSE:PANW) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 655,085 shares of the network technology company’s stock after purchasing an additional 88,001 shares during the quarter. Two Sigma Advisers LP owned 0.71% of Palo Alto Networks worth $94,948,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of PANW. Cerebellum GP LLC purchased a new stake in Palo Alto Networks in the fourth quarter worth approximately $127,000. SeaCrest Wealth Management LLC purchased a new stake in Palo Alto Networks in the fourth quarter worth approximately $192,000. Commerce Bank purchased a new stake in Palo Alto Networks in the third quarter worth approximately $221,000. First Mercantile Trust Co. purchased a new stake in Palo Alto Networks in the fourth quarter worth approximately $226,000. Finally, ACG Wealth purchased a new stake in Palo Alto Networks in the fourth quarter worth approximately $226,000. 82.12% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Nir Zuk sold 23,603 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $148.04, for a total value of $3,494,188.12. Following the sale, the executive vice president now directly owns 1,467,309 shares of the company’s stock, valued at $217,220,424.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark D. Mclaughlin sold 55,000 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $180.52, for a total value of $9,928,600.00. Following the completion of the sale, the chief executive officer now directly owns 341,418 shares in the company, valued at $61,632,777.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 419,603 shares of company stock valued at $65,527,618. 4.80% of the stock is owned by corporate insiders.
Palo Alto Networks Inc (PANW) opened at $188.24 on Wednesday. The stock has a market capitalization of $17,426.38, a price-to-earnings ratio of -86.75 and a beta of 0.91. Palo Alto Networks Inc has a twelve month low of $107.31 and a twelve month high of $191.53.
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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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