EagleClaw Capital Managment LLC raised its stake in Palo Alto Networks Inc (NYSE:PANW) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,485 shares of the network technology company’s stock after acquiring an additional 535 shares during the period. EagleClaw Capital Managment LLC’s holdings in Palo Alto Networks were worth $1,723,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BSW Wealth Partners purchased a new position in shares of Palo Alto Networks during the 1st quarter worth about $58,000. Wellington Shields Capital Management LLC boosted its stake in shares of Palo Alto Networks by 13.5% during the 1st quarter. Wellington Shields Capital Management LLC now owns 8,400 shares of the network technology company’s stock worth $2,040,000 after purchasing an additional 1,000 shares during the period. Toronto Dominion Bank boosted its stake in shares of Palo Alto Networks by 36.6% during the 1st quarter. Toronto Dominion Bank now owns 17,085 shares of the network technology company’s stock worth $4,149,000 after purchasing an additional 4,577 shares during the period. C J Advisory Inc purchased a new position in shares of Palo Alto Networks during the 1st quarter worth about $30,000. Finally, Landsberg Bennett & Dubbaneh LLC boosted its stake in shares of Palo Alto Networks by 36.9% during the 1st quarter. Landsberg Bennett & Dubbaneh LLC now owns 11,441 shares of the network technology company’s stock worth $2,771,000 after purchasing an additional 3,085 shares during the period. Institutional investors own 79.01% of the company’s stock.

Shares of NYSE PANW traded up $0.24 during trading hours on Tuesday, hitting $225.89. 107,567 shares of the stock were exchanged, compared to its average volume of 917,071. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market capitalization of $21.66 billion, a P/E ratio of -410.71, a PEG ratio of 11.14 and a beta of 0.91. The firm’s fifty day simple moving average is $211.70. Palo Alto Networks Inc has a 12 month low of $160.08 and a 12 month high of $260.63.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings data on Wednesday, May 29th. The network technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06). The firm had revenue of $726.60 million for the quarter, compared to the consensus estimate of $704.89 million. Palo Alto Networks had a positive return on equity of 5.42% and a negative net margin of 2.30%. The company’s revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS. Research analysts predict that Palo Alto Networks Inc will post 0.87 EPS for the current year.

In related news, Director Mark D. Mclaughlin sold 42,850 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $246.78, for a total transaction of $10,574,523.00. Following the completion of the transaction, the director now owns 208,071 shares in the company, valued at approximately $51,347,761.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Nir Zuk sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $247.28, for a total transaction of $7,418,400.00. Following the transaction, the executive vice president now owns 968,243 shares of the company’s stock, valued at approximately $239,427,129.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 212,392 shares of company stock valued at $46,533,005. 3.10% of the stock is currently owned by company insiders.

A number of research firms recently commented on PANW. Wedbush reaffirmed a “buy” rating and set a $6.00 price target on shares of Zafgen in a research note on Thursday, May 30th. Raymond James reissued an “outperform” rating and issued a $36.00 price objective on shares of Zymeworks in a research report on Thursday, May 30th. JMP Securities boosted their price objective on shares of Veeva Systems from $122.00 to $153.00 and gave the company a “market outperform” rating in a research report on Thursday, May 30th. Northland Securities reissued a “hold” rating and issued a $240.00 price objective on shares of Palo Alto Networks in a research report on Thursday, May 30th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Canada Goose in a research report on Thursday, May 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $263.03.

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.

Read More: Outstanding Shares and The Effect on Share Price

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Institutional Ownership by Quarter for Palo Alto Networks (NYSE:PANW)

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