Glynn Capital Management LLC Continues to Hold Holding in Palo Alto Networks INC (PANW)

December 11, 2017 - By Adrian Mccoy

Investors sentiment decreased to 0.94 in Q2 2017. Its down 0.26, from 1.2 in 2017Q1. It dropped, as 65 investors sold PANW shares while 166 reduced holdings. 82 funds opened positions while 136 raised stakes. 67.64 million shares or 2.65% less from 69.48 million shares in 2017Q1 were reported. Crosslink accumulated 227,508 shares or 4.11% of the stock. Hills Bancorp Tru, a Iowa-based fund reported 9,653 shares. 236,004 were accumulated by Thornburg Inv Management. Glg Limited Liability Corporation accumulated 4,539 shares. Ithaka Group Inc Ltd Liability Com owns 92,219 shares. Jump Trading Ltd owns 72 shares or 0% of their US portfolio. Pennsylvania Trust Com owns 2,100 shares. D E Shaw & holds 0.13% or 565,703 shares in its portfolio. Alps Advsrs Inc reported 1,692 shares. Pictet & Cie (Europe) holds 0.17% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW) for 9,030 shares. Pathstone Family Office Lc holds 0% or 97 shares. Wells Fargo Mn invested in 0.03% or 647,512 shares. 58,951 are owned by Td Asset Management Inc. Old Natl Bancshares In holds 0.01% or 1,500 shares in its portfolio. Creative Planning accumulated 10,817 shares.

Glynn Capital Management Llc increased its stake in Palo Alto Networks Inc. (PANW) by 20.87% based on its latest 2017Q2 regulatory filing with the SEC. Glynn Capital Management Llc bought 31,712 shares as the company’s stock declined 24.72% while stock markets rallied. The hedge fund held 183,663 shares of the technology company at the end of 2017Q2, valued at $24.58 million, up from 151,951 at the end of the previous reported quarter. Glynn Capital Management Llc who had been investing in Palo Alto Networks Inc. for a number of months, seems to be bullish on the $13.21 billion market cap company. The stock decreased 0.11% or $0.16 during the last trading session, reaching $143.73. About 554,372 shares traded. Palo Alto Networks, Inc. (NYSE:PANW) has declined 16.31% since December 11, 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: Fool.com which released: “Better Buy: Palo Alto Networks Inc. vs. FireEye” on November 24, 2017, also Prnewswire.com with their article: “Palo Alto Networks Achieves AWS Networking Competency Status” published on November 28, 2017, Finance.Yahoo.com published: “Can Palo Alto Networks (PANW) Stock Continue to Grow Earnings?” on November 29, 2017. More interesting news about Palo Alto Networks, Inc. (NYSE:PANW) were released by: Fool.com and their article: “Palo Alto Networks, Inc. (PANW) Q1 2018 Earnings Conference Call Transcript” published on November 21, 2017 as well as Fool.com‘s news article titled: “Now Is Not the Time to Get Greedy With Palo Alto Networks, Inc. Stock” with publication date: December 02, 2017.

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

Among 52 analysts covering Palo Alto Networks (NYSE:PANW), 41 have Buy rating, 2 Sell and 9 Hold. Therefore 79% are positive. Palo Alto Networks had 179 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Palo Alto Networks, Inc. (NYSE:PANW) earned “Buy” rating by KeyBanc Capital Markets on Thursday, August 31. The stock has “Overweight” rating by Barclays Capital on Tuesday, November 24. The rating was maintained by BMO Capital Markets with “Market Perform” on Thursday, June 1. The stock of Palo Alto Networks, Inc. (NYSE:PANW) has “Overweight” rating given on Thursday, May 12 by Piper Jaffray. The stock has “Outperform” rating by Wells Fargo on Wednesday, January 11. Maxim Group maintained it with “Buy” rating and $168 target in Wednesday, March 1 report. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, November 21. RBC Capital Markets maintained Palo Alto Networks, Inc. (NYSE:PANW) on Sunday, October 8 with “Buy” rating. The rating was maintained by FBN Securities on Monday, December 19 with “Outperform”. Imperial Capital maintained the stock with “Outperform” rating in Wednesday, November 25 report.

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