Palo Alto Networks, Inc. (PANW) Stake Held by Oak Associates Ltd. OH

Oak Associates Ltd. OH continued to hold its position in Palo Alto Networks, Inc. (NYSE:PANW) during the first quarter, Holdings Channel reports. The firm owned 5,900 shares of the network technology company’s stock at the end of the first quarter. Oak Associates Ltd. OH’s holdings in Palo Alto Networks were worth $665,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PANW. Palo Capital Inc. raised its position in Palo Alto Networks by 14.0% in the first quarter. Palo Capital Inc. now owns 2,436 shares of the network technology company’s stock valued at $274,000 after buying an additional 300 shares during the last quarter. Flinton Capital Management LLC raised its position in Palo Alto Networks by 94.8% in the first quarter. Flinton Capital Management LLC now owns 9,072 shares of the network technology company’s stock valued at $1,022,000 after buying an additional 4,416 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Palo Alto Networks by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 83,110 shares of the network technology company’s stock valued at $10,393,000 after buying an additional 4,974 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Palo Alto Networks by 6.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,445 shares of the network technology company’s stock valued at $258,000 after buying an additional 148 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC bought a new position in Palo Alto Networks during the first quarter valued at about $305,000. Institutional investors and hedge funds own 80.65% of the company’s stock.

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

Shares of Palo Alto Networks, Inc. (NYSE:PANW) traded up 2.35% during mid-day trading on Thursday, hitting $136.06. The company had a trading volume of 1,746,557 shares. The company has a 50-day moving average price of $124.19 and a 200-day moving average price of $127.18. The company’s market capitalization is $12.49 billion. Palo Alto Networks, Inc. has a 1-year low of $107.31 and a 1-year high of $165.69.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings data on Wednesday, May 31st. The network technology company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.06. The business had revenue of $431.80 million during the quarter, compared to analyst estimates of $412.11 million. Palo Alto Networks had a negative return on equity of 23.77% and a negative net margin of 14.38%. The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post $2.59 EPS for the current year.

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Several equities analysts recently issued reports on PANW shares. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $173.00 price target on shares of Palo Alto Networks in a research report on Tuesday, May 23rd. Wells Fargo & Company restated an “outperform” rating and set a $185.00 price target (down from $195.00) on shares of Palo Alto Networks in a research report on Friday, March 3rd. TheStreet lowered Palo Alto Networks from a “c-” rating to a “d+” rating in a research report on Thursday, March 23rd. BMO Capital Markets raised their price target on Palo Alto Networks from $150.00 to $160.00 and gave the stock a “market perform” rating in a research report on Monday, February 27th. Finally, Wunderlich lowered Palo Alto Networks from a “buy” rating to a “hold” rating and reduced their price target for the stock from $190.00 to $150.00 in a research report on Wednesday, March 1st. Twenty investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $150.26.

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.

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