MML Investors Services LLC lifted its holdings in shares of Palo Alto Networks Inc (NYSE:PANW) by 14.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,197 shares of the network technology company’s stock after purchasing an additional 521 shares during the period. MML Investors Services LLC’s holdings in Palo Alto Networks were worth $791,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Bruderman Asset Management LLC bought a new position in shares of Palo Alto Networks during the 4th quarter worth approximately $38,000. Karp Capital Management Corp acquired a new stake in Palo Alto Networks during the 4th quarter worth approximately $40,000. Captrust Financial Advisors lifted its holdings in Palo Alto Networks by 278.8% during the 4th quarter. Captrust Financial Advisors now owns 250 shares of the network technology company’s stock worth $47,000 after purchasing an additional 184 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Palo Alto Networks by 26.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 262 shares of the network technology company’s stock worth $49,000 after purchasing an additional 55 shares during the last quarter. Finally, PRW Wealth Management LLC acquired a new stake in Palo Alto Networks during the 4th quarter worth approximately $52,000. Institutional investors own 80.88% of the company’s stock.
In other Palo Alto Networks news, insider Jean Compeau sold 1,258 shares of Palo Alto Networks stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,385,078.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark D. Mclaughlin sold 40,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $216.37, for a total value of $8,654,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 242,044 shares of company stock worth $56,171,679. Company insiders own 3.10% of the company’s stock.
Shares of Palo Alto Networks stock traded down $3.97 during trading hours on Friday, reaching $235.46. The company had a trading volume of 1,052,474 shares, compared to its average volume of 1,053,591. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.87 and a quick ratio of 1.87. Palo Alto Networks Inc has a one year low of $160.08 and a one year high of $260.63. The firm has a market capitalization of $22.07 billion, a P/E ratio of -428.11, a PEG ratio of 10.53 and a beta of 0.85.
Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings data on Tuesday, February 26th. The network technology company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.20. Palo Alto Networks had a positive return on equity of 4.69% and a negative net margin of 3.47%. The company had revenue of $711.00 million for the quarter, compared to the consensus estimate of $682.32 million. During the same quarter last year, the business posted $0.97 earnings per share. The firm’s revenue was up 30.3% compared to the same quarter last year. Sell-side analysts expect that Palo Alto Networks Inc will post 0.96 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Palo Alto Networks Inc (PANW) Position Increased by MML Investors Services LLC” was originally reported by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/04/21/palo-alto-networks-inc-panw-shares-bought-by-mml-investors-services-llc.html.
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.
Further Reading: How to Invest in Growth Stocks
Receive News & Ratings for Palo Alto Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks and related companies with MarketBeat.com's FREE daily email newsletter.