Trillium Asset Management LLC raised its stake in shares of Palo Alto Networks Inc (NYSE:PANW) by 0.1% in the 1st quarter, Holdings Channel reports. The firm owned 105,768 shares of the network technology company’s stock after purchasing an additional 64 shares during the quarter. Palo Alto Networks comprises 1.3% of Trillium Asset Management LLC’s portfolio, making the stock its 14th largest position. Trillium Asset Management LLC’s holdings in Palo Alto Networks were worth $25,689,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Northern Trust Corp grew its stake in Palo Alto Networks by 3.5% during the fourth quarter. Northern Trust Corp now owns 1,135,398 shares of the network technology company’s stock worth $213,853,000 after buying an additional 38,069 shares during the period. Navellier & Associates Inc grew its stake in Palo Alto Networks by 23.9% during the fourth quarter. Navellier & Associates Inc now owns 3,317 shares of the network technology company’s stock worth $625,000 after buying an additional 639 shares during the period. Pinnacle Wealth Planning Services Inc. grew its stake in Palo Alto Networks by 11.1% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 1,131 shares of the network technology company’s stock worth $213,000 after buying an additional 113 shares during the period. Gateway Investment Advisers LLC grew its stake in Palo Alto Networks by 0.3% during the fourth quarter. Gateway Investment Advisers LLC now owns 27,497 shares of the network technology company’s stock worth $5,179,000 after buying an additional 95 shares during the period. Finally, M&T Bank Corp grew its stake in Palo Alto Networks by 0.9% during the fourth quarter. M&T Bank Corp now owns 17,460 shares of the network technology company’s stock worth $3,289,000 after buying an additional 154 shares during the period. 79.71% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on PANW. Zacks Investment Research downgraded shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Dougherty & Co reiterated a “buy” rating and set a $300.00 price objective (up from $260.00) on shares of Palo Alto Networks in a research note on Wednesday, February 27th. Finally, ValuEngine downgraded shares of Palo Alto Networks from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $268.75.

In other Palo Alto Networks news, Director Mark D. Mclaughlin sold 950 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $250.05, for a total transaction of $237,547.50. Following the sale, the director now directly owns 206,171 shares of the company’s stock, valued at $51,553,058.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jean Compeau sold 1,258 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $238.51, for a total transaction of $300,045.58. Following the sale, the insider now directly owns 22,578 shares in the company, valued at $5,385,078.78. The disclosure for this sale can be found here. Insiders have sold a total of 242,844 shares of company stock worth $58,586,545 over the last quarter. 3.10% of the stock is currently owned by insiders.

Shares of PANW stock traded down $2.29 on Wednesday, hitting $224.56. The stock had a trading volume of 8,962 shares, compared to its average volume of 918,297. The company has a market capitalization of $21.07 billion, a PE ratio of -405.70, a price-to-earnings-growth ratio of 10.04 and a beta of 0.84. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.31. Palo Alto Networks Inc has a 52-week low of $160.08 and a 52-week high of $260.63.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings data on Tuesday, February 26th. The network technology company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.20. Palo Alto Networks had a negative net margin of 3.47% and a positive return on equity of 4.69%. The firm had revenue of $711.00 million for the quarter, compared to the consensus estimate of $682.32 million. During the same period in the prior year, the firm posted $0.97 EPS. The firm’s revenue was up 30.3% compared to the same quarter last year. Equities research analysts predict that Palo Alto Networks Inc will post 0.96 EPS for the current year.

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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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