First Interstate Bank increased its stake in shares of Palo Alto Networks by 130.7% in the first quarter. (NYSE:PANW) during the second quarter, according to its most recent 13F filing with the SEC. After $-0.51 actual earnings per share reported by Palo Alto Networks Inc for the previous quarter, Wall Street now forecasts -60.78% EPS growth.
Several large investors have recently bought and sold shares of PANW. LLC now owns 939 shares of the network technology company's stock valued at $106,000 after buying an additional 227 shares in the last quarter. FNY Partners Fund LP boosted its stake in Palo Alto Networks by 300.0% in the second quarter. Its investment was worth $11,609,000 a decrease of $4,005,000 as of the end of the quarter. The Westfield Capital Management Company Lp holds 651,090 shares with $81.42 million value, down from 1.09 million last quarter. Ltd. increased its position in Palo Alto Networks by 5,177.5% in the first quarter. First Interstate Bank now owns 1,375 shares of the network technology company's stock worth $155,000 after buying an additional 779 shares during the period. Meru Capital Group Lp who had been investing in Palo Alto Networks Inc for a number of months, seems to be less bullish one the $11.85B market cap company. Daiwa Securities Group Inc. now owns 2,700 shares of the network technology company's stock worth $361,000 after buying an additional 200 shares during the last quarter. Institutional investors own 80.46% of the company's stock. Huntington Bancorp reported 0.02% in Palo Alto Networks Inc (NYSE:PANW). (PANW) traded up 1.46% during mid-day trading on Friday, hitting $129.58.
Palo Alto Networks, Inc offers a next-generation security platform. Glynn Capital Management Llc bought 44,941 shares as the company's stock declined 24.72% while stock markets rallied. The stock has a 50-day moving average price of $135.51 and a 200 day moving average price of $128.43. Robeco Institutional Asset Management Bv holds 0.25% in Palo Alto Networks Inc (NYSE:PANW) or 255,738 shares. The network technology company reported $0.61 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.55 by $0.06. The firm had revenue of $431.80 million for the quarter, compared to the consensus estimate of $412.11 million. Palo Alto Networks had a negative return on equity of 23.77% and a negative net margin of 14.38%. The company's quarterly revenue was up 24.9% on a year-over-year basis. Cubist Systematic Strategies Ltd Company invested in 0.02% or 1,693 shares.
Palo Alto Networks (NYSE:PANW) last posted its earnings results on Wednesday, May 31st. "(NYSE:PANW) Receives Average Recommendation of "Buy" from Brokerages" was originally published by BBNS and is the property of of BBNS. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & global copyright and trademark legislation. The original version of this report can be read at https://www.baseball-news-blog.com/2017/08/11/palo-alto-networks-inc-nysepanw-shares-sold-by-fmr-llc-updated-updated-updated.html.
Several equities research analysts have recently issued reports on the company. BidaskClub cut Palo Alto Networks from a "buy" rating to a "hold" rating in a report on Thursday, July 6th. RBC Capital Markets maintained the stock with "Hold" rating in Friday, July 7 report. Barclays PLC reaffirmed an "overweight" rating and issued a $158.00 target price (up from $145.00) on shares of Palo Alto Networks in a report on Thursday, June 1st. UBS AG reaffirmed a "neutral" rating and issued a $140.00 price target (up previously from $130.00) on shares of Palo Alto Networks in a research report on Monday, June 5th.
On May 19 the company was changed to a "Buy" by Jefferies which was a boost from the previous " rating. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $149.49.
In other news, Director James J. Goetz sold 30,000 shares of the firm's stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $137.97, for a total value of $4,139,100.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. MA Sells 6,140 Shares of Palo Alto Networks, Inc. The Company's security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. State Of New Jersey Common Pension Fund D reported 310,000 shares or 0.17% of all its holdings.