Shareholder Picton Mahoney Asset Management Has Boosted Align Technology (ALGN) Stake; Stonebridge Capital Management Has Trimmed Holding in Palo Alto Networks Com (PANW) by $490,875 as Market Valuation Rose

June 18, 2018 - By Winifred Garcia

Palo Alto Networks, Inc. (NYSE:PANW) Logo

Stonebridge Capital Management Inc decreased its stake in Palo Alto Networks Inc Com (PANW) by 51.22% based on its latest 2018Q1 regulatory filing with the SEC. Stonebridge Capital Management Inc sold 2,625 shares as the company’s stock rose 23.61% while stock markets declined. The institutional investor held 2,500 shares of the technology company at the end of 2018Q1, valued at $468,000, down from 5,125 at the end of the previous reported quarter. Stonebridge Capital Management Inc who had been investing in Palo Alto Networks Inc Com for a number of months, seems to be less bullish one the $19.93 billion market cap company. The stock decreased 0.45% or $0.96 during the last trading session, reaching $214.6. About 2.19 million shares traded or 52.54% up from the average. Palo Alto Networks, Inc. (NYSE:PANW) has risen 77.91% since June 18, 2017 and is uptrending. It has outperformed by 65.34% the S&P500. Some Historical PANW News: 15/05/2018 – PDT Partners Adds Palo Alto Networks, Exits Square: 13F; 22/05/2018 – SecBl Announces New Automated Threat Detection & Investigation App for the Palo Alto Networks Application Framework; 28/03/2018 – Mike Ruettgers Joins Virsec Board of Directors; 16/05/2018 – OPAQ Networks to Co-Present Session with Channel Partner on Security-as-a-Service at Palo Alto Ignite `18 USA; 24/05/2018 – PINNACLE WEST CUTS PALO VERDE 2 REACTOR TO 0% FROM 100%: NRC; 17/04/2018 – CARL ICAHN & DARWIN DEASON SAY XEROX CAN ADD ANOTHER “POTENTIALLY SIGNIFICANT” REV STREAM BY MONETIZING ITS PALO ALTO RESEARCH CENTER; 22/03/2018 – PALO ALTO NETWORKS INC PANW.N : MONNESS CRESPI HARDT RAISES TARGET PRICE TO $210 FROM $190; 10/04/2018 – PALO ALTO NETWORKS SEES DEAL CLOSING IN FISCAL 3Q; 22/04/2018 – DJ Palo Alto Networks Inc, Inst Holders, 1Q 2018 (PANW); 14/03/2018 – Palo Alto Networks to Buy Cloud Services Infrastructure Company Evident.i

Picton Mahoney Asset Management increased its stake in Align Technology Inc (ALGN) by 26.3% based on its latest 2018Q1 regulatory filing with the SEC. Picton Mahoney Asset Management bought 7,100 shares as the company’s stock rose 19.49% while stock markets declined. The institutional investor held 34,100 shares of the health care company at the end of 2018Q1, valued at $8.56 million, up from 27,000 at the end of the previous reported quarter. Picton Mahoney Asset Management who had been investing in Align Technology Inc for a number of months, seems to be bullish on the $29.07 billion market cap company. The stock decreased 0.99% or $3.61 during the last trading session, reaching $362.66. About 925,390 shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 125.29% since June 18, 2017 and is uptrending. It has outperformed by 112.72% the S&P500. Some Historical ALGN News: 25/04/2018 – ALIGN TECHNOLOGY – IN APRIL , SDC ENTITIES INITIATED PROCEEDINGS SEEKING TO PRELIMINARILY & PERMANENTLY REQUIRE CO TO CLOSE EXISTING INVISALIGN STORES; 25/04/2018 – Align Technology Accused of Breach of Noncompete Provisions of Contract; 25/04/2018 – ALIGN TECHNOLOGY INC – SDC ENTITIES INITIATED PROCEEDINGS THAT SEEK TO PRELIMINARILY AND PERMANENTLY PROHIBIT ALIGN FROM OPENING ANY ADDITIONAL STORES; 23/05/2018 – Align Technology Reaffirms 2Q and Fiscal 2018 Guidance; 04/04/2018 – Align Technology: Invisalign First Increases Applicability to 70 % of Annual Orthodontic Case Starts Worldwide; 23/05/2018 – Align Technology Reaffirms Guidance; 04/04/2018 – Align Technology Introduces lnvisalign Clear Aligners for Phase 1 Treatment of Younger Patients With Early Mixed Dentition; 25/04/2018 – ALIGN TECHNOLOGY INC – SDC ENTITIES SEEKING TO PRELIMINARILY AND PERMANENTLY ENJOIN ALL ACTIVITIES RELATED TO INVISALIGN STORE PILOT PROJECT; 25/04/2018 – Align Technology Provides Update Regarding SmileDirectClub Dispute; 26/03/2018 – Hartford Growth Opportunities Adds Align Technology

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.07, from 0.93 in 2017Q4. It fall, as 41 investors sold ALGN shares while 216 reduced holdings. 77 funds opened positions while 143 raised stakes. 60.14 million shares or 1.24% less from 60.90 million shares in 2017Q4 were reported. Nuveen Asset Lc has invested 0% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). State Of Wisconsin Board holds 0.06% in Align Technology, Inc. (NASDAQ:ALGN) or 88,387 shares. Chicago Equity Partners Llc invested in 0.01% or 1,470 shares. 38,446 were accumulated by Teacher Retirement System Of Texas. State Street Corp stated it has 2.91 million shares. American Grp stated it has 0.03% in Align Technology, Inc. (NASDAQ:ALGN). Endurance Wealth Inc has invested 0.04% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). New York-based Renaissance Technology Ltd Liability Corp has invested 0.81% in Align Technology, Inc. (NASDAQ:ALGN). Retirement System Of Alabama owns 34,453 shares. Voya Invest Mngmt Ltd Liability holds 0.2% or 372,607 shares in its portfolio. Texas-based Hbk Investments Limited Partnership has invested 0.01% in Align Technology, Inc. (NASDAQ:ALGN). Ledyard Bancorp invested in 66 shares. First Republic Mgmt reported 121,654 shares stake. Sumitomo Mitsui Asset Mngmt Limited reported 5,229 shares or 0.02% of all its holdings. Baillie Gifford Com holds 0% in Align Technology, Inc. (NASDAQ:ALGN) or 13,688 shares.

Among 17 analysts covering Align Technology (NASDAQ:ALGN), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. Align Technology had 69 analyst reports since July 27, 2015 according to SRatingsIntel. Morgan Stanley maintained Align Technology, Inc. (NASDAQ:ALGN) rating on Thursday, April 26. Morgan Stanley has “Equal-Weight” rating and $290 target. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Buy” rating by Credit Suisse on Tuesday, November 28. The rating was maintained by Stifel Nicolaus on Tuesday, May 22 with “Buy”. The stock has “Buy” rating by Morgan Stanley on Monday, June 19. Morgan Stanley maintained the stock with “Overweight” rating in Monday, July 17 report. The firm has “Outperform” rating given on Wednesday, May 11 by Credit Suisse. The rating was downgraded by Stephens to “Hold” on Friday, January 19. The stock has “Buy” rating by Stifel Nicolaus on Monday, November 28. Leerink Swann maintained Align Technology, Inc. (NASDAQ:ALGN) on Thursday, May 24 with “Outperform” rating. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Buy” rating by Stifel Nicolaus on Friday, June 23.

More notable recent Align Technology, Inc. (NASDAQ:ALGN) news were published by: Nasdaq.com which released: “Align Technology Global Funding Awarded Towards Advancing Orthodontic and Dental Research” on June 04, 2018, also Investorplace.com with their article: “The Top 20 Stocks of 2018” published on June 12, 2018, Globenewswire.com published: “Align Technology to Speak at Upcoming Financial Conferences” on June 06, 2018. More interesting news about Align Technology, Inc. (NASDAQ:ALGN) were released by: Globenewswire.com and their article: “New Research: Key Drivers of Growth for Continental Building Products, Axcelis Technologies, Nautilus Group …” published on June 18, 2018 as well as Seekingalpha.com‘s news article titled: “Best And Worst Performing Nasdaq 100 Stocks Of 2018” with publication date: May 25, 2018.

Picton Mahoney Asset Management, which manages about $1.39 billion US Long portfolio, decreased its stake in Waste Connections Inc by 1.19M shares to 97,300 shares, valued at $6.98 million in 2018Q1, according to the filing. It also reduced its holding in Camden Ppty Tr (NYSE:CPT) by 43,900 shares in the quarter, leaving it with 182,100 shares, and cut its stake in Sba Communications Corp New.

Since February 2, 2018, it had 2 buys, and 15 selling transactions for $61.37 million activity. Saia Andrea Lynn sold 4,067 shares worth $1.27 million. Wright Emory sold $7.25 million worth of stock. 5,500 shares were sold by SANTORA GREG J, worth $1.78M. Tay Julie sold $641,250 worth of stock or 2,250 shares. 2,405 shares were sold by Morici John, worth $796,908 on Wednesday, May 30. LARKIN C RAYMOND JR sold $3.97 million worth of Align Technology, Inc. (NASDAQ:ALGN) on Monday, May 7.

Since January 2, 2018, it had 1 insider buy, and 20 insider sales for $76.68 million activity. Another trade for 30,000 shares valued at $4.44M was made by ZUK NIR on Tuesday, January 2. Shares for $6.62M were bought by Arora Nikesh on Thursday, June 7. BONVANIE RENE sold $2.69M worth of Palo Alto Networks, Inc. (NYSE:PANW) on Monday, June 11. Another trade for 8,894 shares valued at $1.80M was made by Klarich Lee on Tuesday, June 12. MERESMAN STANLEY J had sold 1,979 shares worth $419,877 on Wednesday, June 13. Bonanno Kathleen sold 5,818 shares worth $1.16 million.

More important recent Palo Alto Networks, Inc. (NYSE:PANW) news were published by: Seekingalpha.com which released: “Palo Alto Networks: Acceleration Kicks In” on June 05, 2018, also Gurufocus.com published article titled: “Weekly CEO Buys Highlight”, Finance.Yahoo.com published: “How Financially Strong Is Palo Alto Networks Inc (NYSE:PANW)?” on June 04, 2018. More interesting news about Palo Alto Networks, Inc. (NYSE:PANW) was released by: Gurufocus.com and their article: “Palo Alto Networks Inc (PANW) CEO Nikesh Arora Bought $13.4 million of Shares” with publication date: June 15, 2018.

Stonebridge Capital Management Inc, which manages about $462.82M and $273.23M US Long portfolio, upped its stake in Exxon Mobil Corporation (NYSE:XOM) by 6,183 shares to 112,692 shares, valued at $8.77 million in 2018Q1, according to the filing. It also increased its holding in Merck & Company (NYSE:MRK) by 10,509 shares in the quarter, for a total of 70,153 shares, and has risen its stake in Intl Business Machines Corp (NYSE:IBM).

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

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