31,254 Shares in Palo Alto Networks Inc (NYSE:PANW) Acquired by Tiaa Fsb

Tiaa Fsb acquired a new position in Palo Alto Networks Inc (NYSE:PANW) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 31,254 shares of the network technology company’s stock, valued at approximately $6,371,000.

Other institutional investors have also modified their holdings of the company. Cerebellum GP LLC acquired a new stake in Palo Alto Networks in the third quarter valued at $127,000. Front Row Advisors LLC increased its position in shares of Palo Alto Networks by 9.5% during the second quarter. Front Row Advisors LLC now owns 6,639 shares of the network technology company’s stock worth $1,353,000 after purchasing an additional 574 shares in the last quarter. BlackRock Inc. increased its position in shares of Palo Alto Networks by 4.2% during the second quarter. BlackRock Inc. now owns 5,683,627 shares of the network technology company’s stock worth $1,158,096,000 after purchasing an additional 230,170 shares in the last quarter. Cresset Asset Management LLC increased its position in shares of Palo Alto Networks by 118.4% during the second quarter. Cresset Asset Management LLC now owns 3,800 shares of the network technology company’s stock worth $774,000 after purchasing an additional 2,060 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its position in shares of Palo Alto Networks by 9.4% during the second quarter. Vestmark Advisory Solutions Inc. now owns 2,317 shares of the network technology company’s stock worth $472,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.

PANW has been the topic of a number of research analyst reports. SunTrust Banks initiated coverage on Palo Alto Networks in a research report on Wednesday, October 2nd. They set a “buy” rating and a $246.00 target price on the stock. Robert W. Baird set a $275.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a research report on Sunday, September 15th. KeyCorp cut their target price on Palo Alto Networks from $280.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Rosenblatt Securities started coverage on Palo Alto Networks in a report on Monday, September 9th. They set a “hold” rating and a $220.00 price target on the stock. Finally, Credit Suisse Group raised their price target on Palo Alto Networks from $185.00 to $195.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Palo Alto Networks has an average rating of “Buy” and an average price target of $260.74.

PANW traded up $1.59 during trading on Wednesday, reaching $208.54. The company’s stock had a trading volume of 109,856 shares, compared to its average volume of 1,325,396. Palo Alto Networks Inc has a 52-week low of $160.08 and a 52-week high of $260.63. The company’s fifty day moving average price is $206.55 and its 200-day moving average price is $218.92. The company has a market capitalization of $20.07 billion, a price-to-earnings ratio of 331.01 and a beta of 0.99. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.78 and a current ratio of 1.78.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings data on Wednesday, September 4th. The network technology company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.08). The business had revenue of $805.80 million during the quarter, compared to analysts’ expectations of $803.56 million. Palo Alto Networks had a negative net margin of 2.82% and a positive return on equity of 4.82%. Palo Alto Networks’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS. Equities analysts predict that Palo Alto Networks Inc will post -0.05 earnings per share for the current year.

In other news, EVP Rene Bonvanie sold 9,611 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $220.00, for a total transaction of $2,114,420.00. Following the sale, the executive vice president now owns 32,082 shares of the company’s stock, valued at approximately $7,058,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathleen Bonanno sold 1,609 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $224.00, for a total value of $360,416.00. Following the sale, the chief financial officer now directly owns 28,572 shares in the company, valued at approximately $6,400,128. The disclosure for this sale can be found here. Insiders have sold a total of 127,220 shares of company stock worth $27,600,676 in the last three months. Corporate insiders own 3.10% of the company’s stock.

Palo Alto Networks Company Profile

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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