Capital Advisors Wealth Management LLC Has $1.78 Million Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Capital Advisors Wealth Management LLC increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,412 shares of the network technology company’s stock after acquiring an additional 284 shares during the period. Capital Advisors Wealth Management LLC’s holdings in Palo Alto Networks were worth $1,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Uniting Wealth Partners LLC bought a new position in shares of Palo Alto Networks in the fourth quarter worth about $548,000. Rehmann Capital Advisory Group grew its holdings in shares of Palo Alto Networks by 106.4% during the 4th quarter. Rehmann Capital Advisory Group now owns 2,378 shares of the network technology company’s stock valued at $433,000 after purchasing an additional 1,226 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Palo Alto Networks by 94.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 11,661 shares of the network technology company’s stock worth $2,122,000 after purchasing an additional 5,658 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its stake in Palo Alto Networks by 108.1% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 21,354 shares of the network technology company’s stock valued at $3,886,000 after purchasing an additional 11,095 shares during the last quarter. Finally, Mosley Wealth Management lifted its stake in Palo Alto Networks by 116.2% in the 4th quarter. Mosley Wealth Management now owns 3,023 shares of the network technology company’s stock valued at $561,000 after purchasing an additional 1,625 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Down 0.9%

Palo Alto Networks stock opened at $200.57 on Friday. The company has a market capitalization of $133.74 billion, a PE ratio of 114.61, a PEG ratio of 5.60 and a beta of 0.97. Palo Alto Networks, Inc. has a 12-month low of $142.01 and a 12-month high of $208.39. The firm’s fifty day moving average is $190.70 and its 200 day moving average is $185.33.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, May 20th. The network technology company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Palo Alto Networks had a net margin of 13.95% and a return on equity of 19.48%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. Sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PANW. JPMorgan Chase & Co. decreased their target price on shares of Palo Alto Networks from $225.00 to $221.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 21st. Cantor Fitzgerald restated an “overweight” rating and set a $223.00 price objective on shares of Palo Alto Networks in a research report on Monday, May 19th. TD Securities reiterated a “buy” rating and issued a $230.00 target price on shares of Palo Alto Networks in a research report on Wednesday, May 21st. Stephens lowered Palo Alto Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Finally, Jefferies Financial Group boosted their price target on Palo Alto Networks from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $208.00.

Insiders Place Their Bets

In other Palo Alto Networks news, CEO Nikesh Arora sold 227,414 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $172.73, for a total transaction of $39,281,220.22. Following the transaction, the chief executive officer now owns 317,571 shares in the company, valued at approximately $54,854,038.83. This represents a 41.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $151.13, for a total transaction of $18,252,574.62. Following the completion of the transaction, the executive vice president now directly owns 321,774 shares in the company, valued at $48,629,704.62. This trade represents a 27.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 795,536 shares of company stock worth $141,007,618. Corporate insiders own 2.50% of the company’s stock.

About Palo Alto Networks

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.