Ithaka Group LLC Decreased Stake in Palo Alto Networks INC (PANW) by $15.32 Million

June 29, 2018 - By Lena Young

Palo Alto Networks, Inc. (NYSE:PANW) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 1.18. That’s change of 0.04, from 2017Q4’s 1.22. 43 investors sold all, 172 reduced holdings as PANW ratio dived. 165 grew stakes while 89 funds bought stakes. Funds hold 72.18 million shares thus 1.82% more from 2017Q4’s 70.89 million shares. Marshall Wace Ltd Liability Partnership accumulated 22,370 shs or 0.17% of the stock. First Interstate Comml Bank has invested 0.02% in Palo Alto Networks, Inc. (NYSE:PANW). Victory Capital Mngmt, Ohio-based fund reported 236,661 shs. Telemus Limited Liability has 0.19% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 13,188 shs. Jaffetilchin Invest Prtn Ltd Llc reported 4,172 shs or 0.17% of all its holdings. Community National Bank Na accumulated 0% or 120 shs. Fairfield Bush And reported 0.11% in Palo Alto Networks, Inc. (NYSE:PANW). Wetherby Asset reported 12,618 shs or 0.32% of all its holdings. Columbia Asset Management holds 0.06% in Palo Alto Networks, Inc. (NYSE:PANW) or 1,150 shs. Moneta Grp Advsrs Lc stated it has 140 shs. Verition Fund Management Lc holds 3,377 shs. Td Asset reported 1,131 shs or 0% of all its holdings. M&T National Bank & Trust Corp reported 0.01% stake. 14,249 were reported by Utd Automobile Association. Tiverton Asset Management Limited Liability Corporation reported 0.32% of its capital in Palo Alto Networks, Inc. (NYSE:PANW).

PANW had 21 insider sales and 2 insider purchases since January 2, 2018. This’s net activity of $69.69 million. On Monday, June 11 $2.69M worth of Palo Alto Networks, Inc. (NYSE:PANW) was sold by BONVANIE RENE. 35,000 shs were sold by MCLAUGHLIN MARK D, worth $5.23 million on Wednesday, January 3. $369,844 worth of Palo Alto Networks, Inc. (NYSE:PANW) was sold by MERESMAN STANLEY J. On Monday, June 11 $1.16 million worth of stock was sold by Bonanno Kathleen. Shares for $1.80 million were sold by Klarich Lee. 62,395 Palo Alto Networks, Inc. (NYSE:PANW) shs with value of $13.38 million were bought by Arora Nikesh.

The stake In Palo Alto Networks Inc. (PANW) was reduced owned by Ithaka Group Llc. According to 2018Q1 SEC form the decrease is 98.71%. 84,668 shares were sold by Ithaka Group Llc as the company’s stock rose 23.61% while stock markets declined. At the end of 2018Q1, the institutional investor held 1,104 shares of the technology company, valued at $200,000, down from 85,772 at the end of the previous reported quarter. For a total of 59,641 shares it increased its holding in Biomarin Pharmaceutical (NASDAQ:BMRN) by 59,628 shares in the quarter, and has risen its stake in Microsoft Corporation (NASDAQ:MSFT).

For more Palo Alto Networks, Inc. (NYSE:PANW) news brought out briefly go to: Seekingalpha.com, Seekingalpha.com, Benzinga.com, Fool.com or Finance.Yahoo.com. The titles are as follows: “Box: Increasing Switching Costs Will Be Key” brought out on June 26, 2018, “Under Armour Is A Winner – Cramer’s Lightning Round (6/20/18)” on June 21, 2018, “8 Biggest Price Target Changes For Thursday” with a publish date: June 28, 2018, “Forget Cryptocurrencies: You’re Better Off Buying These 3 Stocks” and the last “How Financially Strong Is Palo Alto Networks Inc (NYSE:PANW)?” with publication date: June 04, 2018.

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

In total 27 analysts cover Palo Alto Networks (NYSE:PANW). “Buy” rating has 22, “Sell” are 1, while 4 are “Hold”. (NYSE:PANW) has 81% bullish analysts. 42 are the (NYSE:PANW)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. The company rating was maintained by Maxim Group on Tuesday, February 27. On Monday, June 4 the firm earned “Buy” rating by Jefferies. On Monday, February 26 Piper Jaffray maintained Palo Alto Networks, Inc. (NYSE:PANW) with “Buy” rating. On Tuesday, June 5 the firm has “Overweight” rating by Morgan Stanley given. In Tuesday, February 27 report Northland Capital maintained it with “Buy” rating and $200.0 target. On Thursday, June 28 the stock of Palo Alto Networks, Inc. (NYSE:PANW) earned “Outperform” rating by Wells Fargo. The company rating was maintained by Barclays Capital on Wednesday, May 30. On Tuesday, June 5 the stock of Palo Alto Networks, Inc. (NYSE:PANW) earned “Underweight” rating by Credit Suisse. On Tuesday, February 27 Stephens maintained Palo Alto Networks, Inc. (NYSE:PANW) with “Buy” rating. In Thursday, March 1 report JMP Securities maintained the stock with “Market Outperform” rating.

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

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