109 Shares in Palo Alto Networks Inc (PANW) Acquired by Manchester Capital Management LLC

Manchester Capital Management LLC bought a new stake in Palo Alto Networks Inc (NYSE:PANW) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 109 shares of the network technology company’s stock, valued at approximately $26,000.

A number of other large investors have also bought and sold shares of the stock. Penserra Capital Management LLC increased its holdings in Palo Alto Networks by 228.0% in the first quarter. Penserra Capital Management LLC now owns 58,697 shares of the network technology company’s stock valued at $14,605,000 after buying an additional 40,800 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Palo Alto Networks by 4.2% during the first quarter. Great West Life Assurance Co. Can now owns 57,200 shares of the network technology company’s stock worth $13,849,000 after purchasing an additional 2,306 shares during the last quarter. Commerce Bank grew its holdings in shares of Palo Alto Networks by 54.0% during the first quarter. Commerce Bank now owns 2,264 shares of the network technology company’s stock worth $550,000 after purchasing an additional 794 shares during the last quarter. National Asset Management Inc. grew its holdings in shares of Palo Alto Networks by 23.0% during the first quarter. National Asset Management Inc. now owns 2,862 shares of the network technology company’s stock worth $697,000 after purchasing an additional 535 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Palo Alto Networks by 95.8% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 45,806 shares of the network technology company’s stock worth $11,125,000 after purchasing an additional 22,411 shares during the last quarter.

Shares of NYSE:PANW opened at $216.26 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.87 and a quick ratio of 1.87. The stock has a market capitalization of $20.37 billion, a P/E ratio of -393.20, a PEG ratio of 10.18 and a beta of 0.84. 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 announced 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. The firm had revenue of $711.00 million during the quarter, compared to the consensus estimate of $682.32 million. Palo Alto Networks had a negative net margin of 3.47% and a positive return on equity of 4.69%. The firm’s revenue was up 30.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. On average, sell-side analysts anticipate that Palo Alto Networks Inc will post 0.96 earnings per share for the current fiscal year.

PANW has been the topic of several research reports. Wedbush raised their price objective on Palo Alto Networks from $265.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. Northland Securities lowered Palo Alto Networks from an “outperform” rating to a “market perform” rating and set a $240.00 price objective on the stock. in a report on Tuesday, February 26th. Zacks Investment Research raised Palo Alto Networks from a “hold” rating to a “buy” rating and set a $278.00 price objective on the stock in a report on Tuesday, April 16th. Mizuho initiated coverage on Palo Alto Networks in a report on Tuesday, March 26th. They set a “buy” rating and a $285.00 price objective on the stock. Finally, ValuEngine raised Palo Alto Networks from a “buy” rating to a “strong-buy” rating in a report on Monday, February 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Palo Alto Networks has a consensus rating of “Buy” and an average price target of $268.45.

In related news, Director Mark D. Mclaughlin sold 950 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $250.05, for a total value of $237,547.50. Following the completion of the sale, the director now owns 206,171 shares in the company, valued at $51,553,058.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark D. Mclaughlin sold 6,200 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $250.04, for a total transaction of $1,550,248.00. Following the completion of the sale, the director now owns 215,206 shares of the company’s stock, valued at approximately $53,810,108.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 242,844 shares of company stock valued at $58,586,545. 3.10% of the stock is owned by insiders.

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Palo Alto Networks 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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