Palo Alto Networks, Inc. (NYSE:PANW) Shares Acquired by CIBC World Markets Inc.


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CIBC World Markets Inc. grew its position in Palo Alto Networks, Inc. (NYSE:PANW) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,463 shares of the network technology company’s stock after buying an additional 579 shares during the quarter. CIBC World Markets Inc.’s holdings in Palo Alto Networks were worth $5,495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Champlain Investment Partners LLC grew its stake in shares of Palo Alto Networks by 0.8% in the third quarter. Champlain Investment Partners LLC now owns 865,440 shares of the network technology company’s stock valued at $211,816,000 after buying an additional 6,510 shares in the last quarter. Altshuler Shaham Ltd grew its stake in Palo Alto Networks by 1.4% during the 3rd quarter. Altshuler Shaham Ltd now owns 703,350 shares of the network technology company’s stock worth $172,145,000 after purchasing an additional 9,477 shares in the last quarter. First Trust Advisors LP grew its stake in Palo Alto Networks by 39.0% during the 3rd quarter. First Trust Advisors LP now owns 545,682 shares of the network technology company’s stock worth $133,556,000 after purchasing an additional 153,185 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Palo Alto Networks by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,201 shares of the network technology company’s stock worth $68,090,000 after purchasing an additional 12,163 shares in the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new position in Palo Alto Networks during the 4th quarter worth $94,102,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:PANW opened at $384.35 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 4.18. The company has a market cap of $36.72 billion, a P/E ratio of -123.98 and a beta of 1.50. Palo Alto Networks, Inc. has a 52 week low of $125.47 and a 52 week high of $403.00. The company has a 50-day moving average price of $372.13 and a 200 day moving average price of $296.77.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings data on Sunday, February 21st. The network technology company reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.12. Palo Alto Networks had a negative net margin of 8.36% and a negative return on equity of 8.66%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $985.90 million. During the same quarter last year, the firm earned $1.19 earnings per share. The firm’s revenue was up 24.5% compared to the same quarter last year. Analysts expect that Palo Alto Networks, Inc. will post -1.69 EPS for the current year.

In other news, EVP Nir Zuk sold 12,000 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, December 1st. The shares were sold at an average price of $293.89, for a total transaction of $3,526,680.00. Also, Director Mark D. Mclaughlin sold 40,000 shares of Palo Alto Networks stock in a transaction that occurred on Monday, January 4th. The shares were sold at an average price of $349.94, for a total transaction of $13,997,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,195 shares of company stock valued at $68,692,035. Insiders own 2.30% of the company’s stock.

Several research firms recently commented on PANW. Northland Securities boosted their target price on Palo Alto Networks from $350.00 to $410.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 23rd. DA Davidson upped their price objective on Palo Alto Networks from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, November 17th. BMO Capital Markets raised Palo Alto Networks from a “market perform” rating to an “outperform” rating and set a $455.00 price objective for the company in a research report on Tuesday. Credit Suisse Group raised Palo Alto Networks from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $385.00 to $425.00 in a research report on Tuesday, February 2nd. Finally, Barclays upped their price objective on Palo Alto Networks from $325.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $357.79.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides cybersecurity platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances and software 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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