Palo Alto Networks INC (PANW) Stock Value Rose While Cubist Systematic Strategies LLC Boosted Holding by $4.66 Million

August 9, 2018 - By Vernon Prom

Palo Alto Networks, Inc. (NYSE:PANW) LogoInvestors sentiment decreased to 1.18 in 2018 Q1. Its down 0.04, from 1.22 in 2017Q4. It dropped, as 43 investors sold PANW shares while 172 reduced holdings. 89 funds opened positions while 165 raised stakes. 72.18 million shares or 1.82% more from 70.89 million shares in 2017Q4 were reported. Yorktown Management & Research Com owns 1,600 shares for 0.09% of their portfolio. 3,319 are held by Cambridge Investment Research Advsrs. Wunderlich Capital Managemnt reported 8,309 shares. Fdx stated it has 0.01% in Palo Alto Networks, Inc. (NYSE:PANW). 2,659 are owned by Sg Americas Securities Llc. Goodwin Daniel L owns 4,500 shares. Tru Co Of Vermont stated it has 0.01% in Palo Alto Networks, Inc. (NYSE:PANW). Natixis accumulated 92,272 shares. Westfield Mgmt LP invested in 198,139 shares. Scout Investments has 104,991 shares. Hm Payson And reported 5,600 shares or 0.04% of all its holdings. Newman Dignan And Sheerar owns 0.15% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 1,625 shares. Bankshares Of America De holds 1.28 million shares. Amp Capital owns 31,210 shares or 0.03% of their US portfolio. Legal And General Gp Public Ltd Liability Corporation owns 481,005 shares.

Since March 6, 2018, it had 2 buys, and 21 selling transactions for $70.92 million activity. The insider ZUK NIR sold 30,000 shares worth $5.45M. 8,894 shares were sold by Klarich Lee, worth $1.80 million on Tuesday, June 12. Bonanno Kathleen sold 5,818 shares worth $1.16 million. $9.93 million worth of Palo Alto Networks, Inc. (NYSE:PANW) was sold by MCLAUGHLIN MARK D on Tuesday, March 6. $6.25M worth of stock was sold by Anderson Mark on Tuesday, July 3. $2.69M worth of stock was sold by BONVANIE RENE on Monday, June 11.

Cubist Systematic Strategies Llc increased its stake in Palo Alto Networks Inc (PANW) by 84.86% based on its latest 2018Q1 regulatory filing with the SEC. Cubist Systematic Strategies Llc bought 25,743 shares as the company’s stock rose 23.61% while stock markets declined. The institutional investor held 56,080 shares of the technology company at the end of 2018Q1, valued at $10.18 million, up from 30,337 at the end of the previous reported quarter. Cubist Systematic Strategies Llc who had been investing in Palo Alto Networks Inc for a number of months, seems to be bullish on the $19.70B market cap company. The stock decreased 0.13% or $0.27 during the last trading session, reaching $212.13. About 669,824 shares traded. Palo Alto Networks, Inc. (NYSE:PANW) has risen 77.91% since August 9, 2017 and is uptrending. It has outperformed by 65.34% the S&P500.

Cubist Systematic Strategies Llc, which manages about $1.71 billion US Long portfolio, decreased its stake in Avnet Inc (NYSE:AVT) by 77,262 shares to 27,555 shares, valued at $1.15 million in 2018Q1, according to the filing. It also reduced its holding in Intel Corp (NASDAQ:INTC) by 61,663 shares in the quarter, leaving it with 9,037 shares, and cut its stake in Altria Group Inc (NYSE:MO).

More notable recent Palo Alto Networks, Inc. (NYSE:PANW) news were published by: Nasdaq.com which released: “Palo Alto Networks, Inc Q4 2017 Earnings Conference Call Transcript (PANW)” on July 20, 2018, also Fool.com with their article: “A Less Volatile Way to Benefit From the Cybersecurity Boom” published on August 09, 2018, Fool.com published: “David Looks Ahead: 1 Massive Trend, 10 Hot Stocks, and 1 Vital Piece of Advice” on August 02, 2018. More interesting news about Palo Alto Networks, Inc. (NYSE:PANW) were released by: Seekingalpha.com and their article: “Which Stocks Are Immune To Trade War? – Cramer’s Mad Money (7/11/18)” published on July 12, 2018 as well as Nasdaq.com‘s news article titled: “Investor Expectations to Drive Momentum within ShotSpotter, Kohl’s, Cheniere Energy Partners LP, Palo Alto Networks …” with publication date: July 26, 2018.

Palo Alto Networks, Inc. (NYSE:PANW) Ratings Coverage

Among 24 analysts covering Palo Alto Networks (NYSE:PANW), 20 have Buy rating, 1 Sell and 3 Hold. Therefore 83% are positive. Palo Alto Networks has $26200 highest and $175 lowest target. $215.96’s average target is 1.81% above currents $212.13 stock price. Palo Alto Networks had 37 analyst reports since February 15, 2018 according to SRatingsIntel. Maxim Group maintained the shares of PANW in report on Tuesday, February 27 with “Buy” rating. The stock has “Buy” rating by Maxim Group on Tuesday, June 5. The firm has “Hold” rating by Gabelli given on Monday, April 30. On Thursday, February 22 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, February 27. The stock has “Overweight” rating by Barclays Capital on Wednesday, May 30. Jefferies maintained Palo Alto Networks, Inc. (NYSE:PANW) rating on Monday, June 4. Jefferies has “Buy” rating and $23900 target. The stock has “Outperform” rating by Wells Fargo on Tuesday, June 5. Citigroup maintained Palo Alto Networks, Inc. (NYSE:PANW) rating on Tuesday, February 27. Citigroup has “Buy” rating and $195 target. BMO Capital Markets maintained the stock with “Market Perform” rating in Thursday, May 31 report.

Palo Alto Networks, Inc. (NYSE:PANW) Institutional Positions Chart

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