Cambridge Trust Company Has Lowered Position in Palo Alto Networks INC (PANW) by $8.14 Million as Valuation Declined

Palo Alto Networks, Inc. (NYSE:PANW) LogoInvestors sentiment increased to 1.31 in Q3 2018. Its up 0.05, from 1.26 in 2018Q2. It improved, as 29 investors sold PANW shares while 187 reduced holdings. 89 funds opened positions while 193 raised stakes. 73.11 million shares or 0.14% more from 73.01 million shares in 2018Q2 were reported. Cubist Systematic Strategies Ltd Liability Corporation reported 53,501 shares stake. Engineers Gate Manager Ltd Partnership holds 0.66% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW) for 37,921 shares. Harber Asset Mngmt Ltd has 2.64% invested in Palo Alto Networks, Inc. (NYSE:PANW). D E Shaw invested in 594,571 shares. Mirae Asset Global Commerce invested in 30,334 shares. State Common Retirement Fund reported 178,050 shares or 0.05% of all its holdings. Millennium Ltd invested in 0.19% or 672,736 shares. Tremblant Capital Grp reported 360,356 shares. The Texas-based Moody Bank Trust Division has invested 0.11% in Palo Alto Networks, Inc. (NYSE:PANW). Commercial Bank Of Nova Scotia holds 0.05% or 45,201 shares. Fifth Third Bank holds 0% or 1,555 shares in its portfolio. Trust Of Vermont holds 942 shares or 0.02% of its portfolio. Azimuth Cap Ltd Com has 0.68% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 44,747 shares. The California-based Weatherly Asset Mgmt Limited Partnership has invested 0.31% in Palo Alto Networks, Inc. (NYSE:PANW). Gamco Invsts Et Al holds 10,452 shares or 0.02% of its portfolio.

Since August 22, 2018, it had 0 insider purchases, and 23 selling transactions for $102.14 million activity. 1,979 shares were sold by MERESMAN STANLEY J, worth $463,512 on Wednesday, September 12. Klarich Lee also sold $832,500 worth of Palo Alto Networks, Inc. (NYSE:PANW) shares. MCLAUGHLIN MARK D also sold $7.80M worth of Palo Alto Networks, Inc. (NYSE:PANW) on Wednesday, January 9. Another trade for 9,330 shares valued at $1.87 million was made by BONVANIE RENE on Tuesday, January 15. 28,814 shares were sold by Anderson Mark, worth $6.29 million on Friday, October 5. Shares for $99,485 were sold by Bonanno Kathleen.

Cambridge Trust Company decreased its stake in Palo Alto Networks Inc (PANW) by 27.27% based on its latest 2018Q3 regulatory filing with the SEC. Cambridge Trust Company sold 36,185 shares as the company’s stock declined 24.09% with the market. The institutional investor held 96,527 shares of the technology company at the end of 2018Q3, valued at $21.74M, down from 132,712 at the end of the previous reported quarter. Cambridge Trust Company who had been investing in Palo Alto Networks Inc for a number of months, seems to be less bullish one the $21.52 billion market cap company. The stock increased 0.72% or $1.61 during the last trading session, reaching $226.77. About 982,871 shares traded. Palo Alto Networks, Inc. (NYSE:PANW) has risen 25.49% since February 17, 2018 and is uptrending. It has outperformed by 25.49% the S&P500.

Analysts await Palo Alto Networks, Inc. (NYSE:PANW) to report earnings on February, 25. They expect $0.05 earnings per share, up 112.50 % or $0.45 from last year’s $-0.4 per share. PANW’s profit will be $4.74M for 1133.85 P/E if the $0.05 EPS becomes a reality. After $-0.01 actual earnings per share reported by Palo Alto Networks, Inc. for the previous quarter, Wall Street now forecasts -600.00 % EPS growth.

More notable recent Palo Alto Networks, Inc. (NYSE:PANW) news were published by: Seekingalpha.com which released: “Palo Alto Networks Earnings Preview: The Stock Could Be Hitting Support – Seeking Alpha” on November 28, 2018, also Seekingalpha.com with their article: “Deutsche checks show Palo Alto, Fortinet strength – Seeking Alpha” published on October 17, 2018, Seekingalpha.com published: “Palo Alto: Growth At A Premium – Seeking Alpha” on July 05, 2018. More interesting news about Palo Alto Networks, Inc. (NYSE:PANW) were released by: Fool.com and their article: “Is Palo Alto Networks a Buy? – The Motley Fool” published on January 18, 2019 as well as Investorplace.com‘s news article titled: “5 Top Stocks for a FOMO Rally – Investorplace.com” with publication date: January 24, 2019.

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

Among 14 analysts covering Palo Alto Networks (NYSE:PANW), 13 have Buy rating, 1 Sell and 0 Hold. Therefore 93% are positive. Palo Alto Networks had 22 analyst reports since September 5, 2018 according to SRatingsIntel. As per Friday, September 7, the company rating was maintained by UBS. Morgan Stanley maintained the stock with “Overweight” rating in Friday, September 7 report. The company was maintained on Friday, November 30 by Jefferies. The company was maintained on Friday, November 30 by Raymond James. The rating was maintained by Citigroup on Friday, September 7 with “Buy”. On Friday, November 30 the stock rating was maintained by Credit Suisse with “Underweight”. The rating was upgraded by BMO Capital Markets on Tuesday, January 22 to “Outperform”. The firm earned “Market Perform” rating on Friday, September 7 by BMO Capital Markets. The rating was maintained by UBS with “Buy” on Thursday, February 14. Stifel Nicolaus maintained the shares of PANW in report on Friday, September 7 with “Buy” rating.

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

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