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

June 29, 2018 - By Loretta Love

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 is negative. 165 grew stakes while 89 funds acquired stakes. Funds hold 72.18 million shares thus 1.82% more from 2017Q4’s 70.89 million shares. Parametric Assoc Limited Liability Company reported 105,640 shs. 62,500 are held by Gabelli Funds Ltd Com. D E Shaw invested in 664,675 shs or 0.16% of the stock. Asset Mngmt has invested 0.03% in Palo Alto Networks, Inc. (NYSE:PANW). 8,309 are owned by Wunderlich Cap Managemnt. Jane Street Group Incorporated Limited Liability Corp owns 38,305 shs. Comml Bank Of Ny Mellon accumulated 892,512 shs. Howe Rusling invested in 26 shs or 0% of the stock. Hhr Asset Management Limited holds 26,300 shs. Citizens & Northern holds 6,278 shs or 0.85% of its capital. Renaissance Technologies Limited Liability Com has invested 0.88% in Palo Alto Networks, Inc. (NYSE:PANW). Moreover, State Of Alaska Department Of Revenue has 0.05% invested in Palo Alto Networks, Inc. (NYSE:PANW). Putnam Investments Limited Liability Com owns 0.01% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 33,560 shs. Fmr Ltd Company, Massachusetts-based fund reported 402,667 shs. The Illinois-based Wolverine Asset Ltd Liability has invested 0.02% in Palo Alto Networks, Inc. (NYSE:PANW).

PANW registered $69.69 million net activity with 2 buys and 21 selling transactions since January 2, 2018. Anderson Mark sold $5.98 million worth of stock or 30,000 shs. On Tuesday, January 23 $800,000 worth of stock was sold by MCLAUGHLIN MARK D. The insider ZUK NIR sold 30,000 shs worth $6.39 million. Another trade for 13,503 shs valued at $2.69M was made by BONVANIE RENE on Monday, June 11. Bonanno Kathleen sold $1.16 million worth of Palo Alto Networks, Inc. (NYSE:PANW) on Monday, June 11. On Thursday, June 7 Arora Nikesh also bought $6.62M worth of Palo Alto Networks, Inc. (NYSE:PANW).

According to 2018Q1 Securities and Exchange form the Ithaka Group Llc reduced its stake in Palo Alto Networks Inc. (PANW) by 98.71%. By selling 84,668 shares Ithaka Group Llc made the stock popped up with 23.61%. The technology company at the end of 2018Q1 was priced at $200,000. It’s down from 85,772 at the end of the previous reported quarter. Now it had 1,104 shares held by the institutional investor . Ithaka Group Llc has risen its stake in Biomarin Pharmaceutical (NASDAQ:BMRN) and also increased its holding in Microsoft Corporation (NASDAQ:MSFT) by 301,064 shares in the quarter, for a total of 307,654 shares.

For more Palo Alto Networks, Inc. (NYSE:PANW) news published recently go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, 247Wallst.com or Fool.com. The titles are as follows: “Box: Increasing Switching Costs Will Be Key” published on June 26, 2018, “Palo Alto Networks: Acceleration Kicks In” on June 05, 2018, “Under Armour Is A Winner – Cramer’s Lightning Round (6/20/18)” with a publish date: June 21, 2018, “Short Sellers Grow More Selective on Cybersecurity Stocks” and the last “Is Carbon Black’s Stock Too Hot to Handle?” with publication date: June 27, 2018.

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

A total of 27 analysts rate Palo Alto Networks (NYSE:PANW) as follows: 22 “Buy”, 4 “Hold” and 1 “Sell”. Тherefore 81% are bullish. (NYSE:PANW) has 42 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Thursday, May 31 BMO Capital Markets maintained Palo Alto Networks, Inc. (NYSE:PANW) with “Market Perform” rating. On Tuesday, February 27 the firm earned “Buy” rating by Citigroup. On Monday, February 26 the company was maintained by Piper Jaffray. On Tuesday, February 27 the company was maintained by Imperial Capital. In Wednesday, May 30 report Barclays Capital maintained it with “Overweight” rating and $235 target. On Tuesday, June 5 the stock of Palo Alto Networks, Inc. (NYSE:PANW) earned “Overweight” rating by Morgan Stanley. On Tuesday, February 27 the rating was maintained by BMO Capital Markets with “Market Perform”. On Monday, June 4 the company was maintained by JMP Securities. On Wednesday, May 30 the stock of Palo Alto Networks, Inc. (NYSE:PANW) earned “Buy” rating by Stifel Nicolaus. On Tuesday, February 27 the rating was maintained by KeyBanc Capital Markets with “Overweight”.

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

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