Palo Alto Networks Inc (PANW) is Stanley Laman Group Ltd.’s 5th Largest Position

Stanley Laman Group Ltd. raised its holdings in Palo Alto Networks Inc (NYSE:PANW) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,154 shares of the network technology company’s stock after purchasing an additional 618 shares during the quarter. Palo Alto Networks accounts for approximately 1.5% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 5th biggest position. Stanley Laman Group Ltd. owned about 0.05% of Palo Alto Networks worth $7,124,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PANW. The Manufacturers Life Insurance Company boosted its holdings in shares of Palo Alto Networks by 9.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,491 shares of the network technology company’s stock valued at $467,000 after acquiring an additional 305 shares in the last quarter. Gilman Hill Asset Management LLC boosted its holdings in shares of Palo Alto Networks by 6.7% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 5,443 shares of the network technology company’s stock valued at $784,000 after acquiring an additional 340 shares in the last quarter. Strs Ohio boosted its holdings in shares of Palo Alto Networks by 5.9% during the 3rd quarter. Strs Ohio now owns 6,225 shares of the network technology company’s stock valued at $897,000 after acquiring an additional 347 shares in the last quarter. Nine Chapters Capital Management LLC boosted its holdings in shares of Palo Alto Networks by 18.2% during the 3rd quarter. Nine Chapters Capital Management LLC now owns 2,600 shares of the network technology company’s stock valued at $375,000 after acquiring an additional 400 shares in the last quarter. Finally, Analyst IMS Investment Management Services Ltd. boosted its holdings in shares of Palo Alto Networks by 5.2% during the 3rd quarter. Analyst IMS Investment Management Services Ltd. now owns 9,330 shares of the network technology company’s stock valued at $1,306,000 after acquiring an additional 460 shares in the last quarter. 78.92% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Inc (PANW) opened at $162.08 on Monday. Palo Alto Networks Inc has a 12-month low of $107.31 and a 12-month high of $163.88. The firm has a market capitalization of $14,893.36, a PE ratio of -65.89 and a beta of 1.04.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings data on Monday, November 20th. The network technology company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.06. The firm had revenue of $505.50 million during the quarter, compared to analyst estimates of $489.36 million. Palo Alto Networks had a negative return on equity of 15.77% and a negative net margin of 11.97%. The business’s quarterly revenue was up 27.0% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. equities analysts anticipate that Palo Alto Networks Inc will post -0.37 EPS for the current year.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Palo Alto Networks from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a report on Tuesday, November 28th. Jefferies Group reissued a “buy” rating and set a $183.00 price objective (up previously from $168.00) on shares of Palo Alto Networks in a report on Tuesday, November 21st. Piper Jaffray Companies reissued an “overweight” rating and set a $173.00 price objective (up previously from $155.00) on shares of Palo Alto Networks in a report on Tuesday, November 21st. Royal Bank of Canada raised their price objective on Palo Alto Networks from $159.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, November 21st. Finally, Evercore ISI raised Palo Alto Networks from an “in-line” rating to an “outperform” rating and set a $180.00 price objective on the stock in a report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $167.39.

In other news, CFO Kathleen Bonanno sold 2,831 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $150.68, for a total value of $426,575.08. Following the completion of the sale, the chief financial officer now directly owns 38,716 shares in the company, valued at approximately $5,833,726.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mark D. Mclaughlin sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $149.85, for a total value of $3,746,250.00. Following the completion of the sale, the chief executive officer now owns 374,919 shares of the company’s stock, valued at $56,181,612.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 396,644 shares of company stock valued at $59,381,588. 4.80% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION WARNING: “Palo Alto Networks Inc (PANW) is Stanley Laman Group Ltd.’s 5th Largest Position” was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.thelincolnianonline.com/2018/02/19/palo-alto-networks-inc-panw-is-stanley-laman-group-ltd-s-5th-largest-position.html.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

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

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Palo Alto Networks Inc (PANW) is Stanley Laman Group Ltd.’s 5th Largest Position

Stanley Laman Group Ltd. lifted its holdings in Palo Alto Networks Inc (NYSE:PANW) by 1.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 49,154 shares of the network technology company’s stock after acquiring an additional 618 shares during the quarter. Palo Alto Networks comprises approximately 1.5% of Stanley Laman Group Ltd.’s holdings, making the stock its 5th biggest position. Stanley Laman Group Ltd.’s holdings in Palo Alto Networks were worth $7,124,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerebellum GP LLC bought a new stake in shares of Palo Alto Networks in the 4th quarter worth approximately $127,000. Penserra Capital Management LLC bought a new stake in shares of Palo Alto Networks in the 3rd quarter worth approximately $162,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Palo Alto Networks by 495.2% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,232 shares of the network technology company’s stock worth $178,000 after purchasing an additional 1,025 shares during the period. SeaCrest Wealth Management LLC bought a new stake in shares of Palo Alto Networks in the 4th quarter worth approximately $192,000. Finally, Commerce Bank bought a new stake in shares of Palo Alto Networks in the 3rd quarter worth approximately $221,000. Hedge funds and other institutional investors own 78.92% of the company’s stock.

In related news, Director Stanley J. Meresman sold 2,000 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $159.00, for a total value of $318,000.00. Following the completion of the transaction, the director now directly owns 13,834 shares in the company, valued at $2,199,606. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nir Zuk sold 30,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $158.82, for a total transaction of $4,764,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 396,644 shares of company stock worth $59,381,588. Insiders own 4.80% of the company’s stock.

A number of research firms recently commented on PANW. Sanford C. Bernstein lifted their price target on shares of Palo Alto Networks from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, November 21st. Dougherty & Co reaffirmed a “buy” rating and issued a $180.00 price target (up previously from $170.00) on shares of Palo Alto Networks in a report on Tuesday, November 21st. Oppenheimer reaffirmed a “buy” rating and issued a $180.00 price target (up previously from $173.00) on shares of Palo Alto Networks in a report on Tuesday, November 21st. Imperial Capital lifted their price target on shares of Palo Alto Networks from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd. Finally, Zacks Investment Research cut shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $167.39.

Palo Alto Networks Inc (NYSE:PANW) opened at $162.08 on Monday. The firm has a market cap of $14,893.36, a price-to-earnings ratio of -65.89 and a beta of 1.04. Palo Alto Networks Inc has a 1-year low of $107.31 and a 1-year high of $163.88.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.06. The firm had revenue of $505.50 million for the quarter, compared to analysts’ expectations of $489.36 million. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. The business’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share. equities analysts predict that Palo Alto Networks Inc will post -0.37 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Palo Alto Networks Inc (PANW) is Stanley Laman Group Ltd.’s 5th Largest Position” was first published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://www.thelincolnianonline.com/2018/02/19/palo-alto-networks-inc-panw-is-stanley-laman-group-ltd-s-5th-largest-position.html.

About Palo Alto Networks

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

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

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