As Palo Alto Networks INC (PANW) Valuation Declined, Avalon Global Asset Management LLC Upped by $5.73 Million Its Stake

September 17, 2017 - By Louis Casey

Investors sentiment decreased to 1.07 in 2016 Q4. Its down 0.17, from 1.24 in 2016Q3. It fall, as 57 investors sold PANW shares while 159 reduced holdings. 79 funds opened positions while 153 raised stakes. 74.32 million shares or 4.57% less from 77.88 million shares in 2016Q3 were reported. 436 are held by Assetmark. 2,815 were accumulated by Meiji Yasuda Asset Mngmt Limited. Glenmede Com Na holds 0% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 3,285 shares. Sphera Funds Mngmt Ltd has invested 0.22% in Palo Alto Networks Inc (NYSE:PANW). Eagleclaw Capital Managment Limited Liability has invested 0.5% in Palo Alto Networks Inc (NYSE:PANW). Rockefeller Fincl Service Inc stated it has 428 shares or 0% of all its holdings. Twin Tree Limited Partnership has 0.16% invested in Palo Alto Networks Inc (NYSE:PANW) for 129,836 shares. Moreover, Accuvest Glob has 0.29% invested in Palo Alto Networks Inc (NYSE:PANW) for 2,540 shares. 154,550 were reported by Glynn Capital Mgmt Limited Liability Corporation. Principal Financial Group Inc Inc Inc holds 5,865 shares or 0% of its portfolio. Sands Cap Mngmt Ltd Liability holds 1.66% of its portfolio in Palo Alto Networks Inc (NYSE:PANW) for 3.81M shares. National Bank & Trust holds 54 shares or 0% of its portfolio. Gabelli Funds Ltd Liability Corp reported 11,900 shares. First Mercantile Tru holds 0.19% or 9,900 shares in its portfolio. Geode Capital Mngmt Ltd Llc accumulated 592,434 shares.

Avalon Global Asset Management Llc increased its stake in Palo Alto Networks Inc (PANW) by 229.05% based on its latest 2016Q4 regulatory filing with the SEC. Avalon Global Asset Management Llc bought 45,810 shares as the company’s stock declined 24.72% while stock markets rallied. The hedge fund held 65,810 shares of the technology company at the end of 2016Q4, valued at $8.23 million, up from 20,000 at the end of the previous reported quarter. Avalon Global Asset Management Llc who had been investing in Palo Alto Networks Inc for a number of months, seems to be bullish on the $13.17B market cap company. The stock increased 0.67% or $0.95 on September 15, reaching $143.45. About 1.25M shares traded. Palo Alto Networks Inc (NYSE:PANW) has declined 16.31% since September 17, 2016 and is downtrending. It has underperformed by 33.01% the S&P500.

More notable recent Palo Alto Networks Inc (NYSE:PANW) news were published by: Marketwatch.com which released: “Palo Alto Networks jumps as earnings beat, CFO announces retirement” on August 31, 2017, also Forbes.com with their article: “Earnings Preview: What To Expect From Palo Alto Networks On Thursday” published on August 29, 2017, Nasdaq.com published: “Palo Alto Networks (PANW) Up 10.5%: Can the Rally Continue?” on September 05, 2017. More interesting news about Palo Alto Networks Inc (NYSE:PANW) were released by: Investorplace.com and their article: “Palo Alto Networks Inc (PANW) Stock Will Make a Big Earnings Move” published on August 25, 2017 as well as Forbes.com‘s news article titled: “Top Analysts Clash On Palo Alto Networks Inc.” with publication date: September 06, 2017.

Palo Alto Networks Inc (NYSE:PANW) Ratings Coverage

Among 51 analysts covering Palo Alto Networks (NYSE:PANW), 38 have Buy rating, 2 Sell and 11 Hold. Therefore 75% are positive. Palo Alto Networks has $235 highest and $119 lowest target. $166.60’s average target is 16.14% above currents $143.45 stock price. Palo Alto Networks had 153 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by BMO Capital Markets given on Thursday, January 5. On Thursday, September 10 the stock rating was maintained by FBR Capital with “Outperform”. The firm has “Outperform” rating given on Tuesday, November 24 by Oppenheimer. The firm earned “Neutral” rating on Wednesday, March 1 by JP Morgan. Maxim Group maintained Palo Alto Networks Inc (NYSE:PANW) on Wednesday, March 1 with “Buy” rating. The stock of Palo Alto Networks Inc (NYSE:PANW) has “Buy” rating given on Thursday, June 1 by Piper Jaffray. The stock of Palo Alto Networks Inc (NYSE:PANW) has “Outperform” rating given on Friday, May 26 by Cowen & Co. The stock has “Outperform” rating by RBC Capital Markets on Friday, February 19. The company was maintained on Friday, May 27 by JP Morgan. Citigroup maintained the stock with “Neutral” rating in Wednesday, August 31 report.

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