The Palo Alto Networks Inc (PANW) Position Decreased by Greenwood Capital Associates LLC

The Palo Alto Networks Inc (PANW) Position Decreased by Greenwood Capital Associates LLC

Several other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in Palo Alto Networks by 30.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 4,871,628 shares of the network technology company’s stock worth $776,196,000 after buying an additional 1,137,120 shares during the period. Renaissance Technologies LLC raised its stake in Palo Alto Networks by 24.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,845,000 shares of the network technology company’s stock worth $230,717,000 after buying an additional 362,900 shares during the period. CI Global Investments Inc. raised its stake in Palo Alto Networks by 17.4% in the first quarter. CI Global Investments Inc. now owns 1,580,240 shares of the network technology company’s stock worth $178,061,000 after buying an additional 234,623 shares during the period. Criterion Capital Management LLC raised its stake in Palo Alto Networks by 75.7% in the third quarter. Criterion Capital Management LLC now owns 1,072,409 shares of the network technology company’s stock worth $170,867,000 after buying an additional 462,079 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in Palo Alto Networks by 33.8% in the first quarter. Canada Pension Plan Investment Board now owns 807,113 shares of the network technology company’s stock worth $90,945,000 after buying an additional 203,802 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Greenwood Capital Associates LLC lowered its position in Palo Alto Networks Inc (NYSE:PANW) by 8.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,367 shares of the network technology company’s stock after selling 211 shares during the period. Greenwood Capital Associates LLC’s holdings in Palo Alto Networks were worth $267,000 as of its most recent filing with the SEC.

Shares of Palo Alto Networks Inc (PANW) traded down 0.63% during trading on Friday, reaching $138.11. 4,389,001 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $115.41 and its 200 day moving average price is $128.17. The firm’s market capitalization is $12.71 billion. Palo Alto Networks Inc has a 52 week low of $107.31 and a 52 week high of $165.69.

PANW has been the topic of a number of research reports. Vetr lowered shares of Palo Alto Networks from a “strong-buy” rating to a “hold” rating and set a $137.50 target price on the stock. in a report on Thursday. BMO Capital Markets reduced their target price on shares of Palo Alto Networks from $132.00 to $126.00 and set an “outperform” rating on the stock in a report on Friday, April 21st. JMP Securities reduced their target price on shares of Palo Alto Networks from $175.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, March 1st. Wunderlich reiterated a “buy” rating and set a $190.00 target price on shares of Palo Alto Networks in a report on Friday, March 3rd. Finally, BTIG Research reduced their price objective on shares of Palo Alto Networks from $190.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, March 1st. Eighteen research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $150.67. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PANW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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