Palo Alto Networks Inc (NYSE:PANW) Position Increased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its holdings in shares of Palo Alto Networks Inc (NYSE:PANW) by 21.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,834 shares of the network technology company’s stock after buying an additional 21,359 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.13% of Palo Alto Networks worth $24,825,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its holdings in Palo Alto Networks by 4.3% during the first quarter. BlackRock Inc. now owns 5,453,457 shares of the network technology company’s stock worth $1,324,534,000 after buying an additional 224,298 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Palo Alto Networks by 2.9% during the first quarter. Clearbridge Investments LLC now owns 2,734,047 shares of the network technology company’s stock worth $664,045,000 after buying an additional 77,503 shares in the last quarter. Northern Trust Corp boosted its holdings in Palo Alto Networks by 1.8% during the first quarter. Northern Trust Corp now owns 1,155,831 shares of the network technology company’s stock worth $280,728,000 after buying an additional 20,433 shares in the last quarter. Pictet Asset Management Ltd. boosted its holdings in Palo Alto Networks by 11.6% during the first quarter. Pictet Asset Management Ltd. now owns 999,285 shares of the network technology company’s stock worth $242,706,000 after buying an additional 104,207 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Palo Alto Networks by 3.6% during the first quarter. Lazard Asset Management LLC now owns 979,324 shares of the network technology company’s stock worth $237,857,000 after buying an additional 33,861 shares in the last quarter. Hedge funds and other institutional investors own 79.01% of the company’s stock.

In other news, Director Mark D. Mclaughlin sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $227.43, for a total transaction of $9,097,200.00. Following the transaction, the director now owns 240,236 shares in the company, valued at approximately $54,636,873.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nir Zuk sold 12,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $197.47, for a total transaction of $2,369,640.00. Following the transaction, the executive vice president now owns 940,243 shares in the company, valued at approximately $185,669,785.21. The disclosure for this sale can be found here. Insiders have sold a total of 190,592 shares of company stock worth $40,121,335 in the last 90 days. 3.10% of the stock is owned by insiders.

PANW stock traded down $3.83 during midday trading on Friday, reaching $221.56. The company had a trading volume of 905,107 shares, compared to its average volume of 899,928. Palo Alto Networks Inc has a 1 year low of $160.08 and a 1 year high of $260.63. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market capitalization of $21.74 billion, a P/E ratio of -402.84, a P/E/G ratio of 11.12 and a beta of 0.90. The company’s 50 day moving average price is $213.55.

Palo Alto Networks (NYSE:PANW) last released its earnings results on Wednesday, May 29th. The network technology company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The company had revenue of $726.60 million during the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. As a group, equities research analysts predict that Palo Alto Networks Inc will post 0.87 EPS for the current year.

PANW has been the subject of a number of research reports. Cowen initiated coverage on shares of Palo Alto Networks in a report on Thursday, May 23rd. They set a “market perform” rating and a $230.00 target price for the company. Raymond James reduced their price target on shares of Palo Alto Networks from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Thursday, May 30th. Jefferies Financial Group reduced their price target on shares of Palo Alto Networks from $296.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Evercore ISI restated a “buy” rating and issued a $290.00 price target on shares of Palo Alto Networks in a research report on Sunday, June 2nd. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $265.00 price target (down previously from $280.00) on shares of Palo Alto Networks in a research report on Thursday, May 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target 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: Earnings Reports

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks Inc (NYSE:PANW).

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

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.