Silver Oak Securities Incorporated Has $2.14 Million Stock Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Silver Oak Securities Incorporated lifted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 90.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,412 shares of the network technology company’s stock after acquiring an additional 5,899 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Palo Alto Networks were worth $2,144,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Transce3nd LLC acquired a new stake in shares of Palo Alto Networks in the fourth quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL boosted its position in Palo Alto Networks by 64.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company’s stock valued at $26,000 after buying an additional 55 shares during the last quarter. Anchor Investment Management LLC increased its stake in shares of Palo Alto Networks by 100.0% in the 4th quarter. Anchor Investment Management LLC now owns 156 shares of the network technology company’s stock valued at $28,000 after buying an additional 78 shares during the period. Kiely Wealth Advisory Group Inc. raised its position in shares of Palo Alto Networks by 100.0% during the fourth quarter. Kiely Wealth Advisory Group Inc. now owns 150 shares of the network technology company’s stock worth $29,000 after acquiring an additional 75 shares during the last quarter. Finally, Capital A Wealth Management LLC acquired a new position in shares of Palo Alto Networks during the fourth quarter valued at $29,000. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Price Performance

NASDAQ:PANW opened at $201.50 on Friday. The company has a market cap of $134.36 billion, a P/E ratio of 115.14, a P/E/G ratio of 5.50 and a beta of 0.97. The firm’s fifty day moving average price is $193.35 and its two-hundred day moving average price is $185.44. Palo Alto Networks, Inc. has a one year low of $142.01 and a one year high of $208.39.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PANW. Northland Securities dropped their price objective on Palo Alto Networks from $210.00 to $177.00 and set a “market perform” rating for the company in a report on Wednesday, May 21st. Morgan Stanley dropped their price target on shares of Palo Alto Networks from $230.00 to $205.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Guggenheim reaffirmed a “sell” rating and issued a $130.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Roth Capital began coverage on shares of Palo Alto Networks in a research report on Thursday, May 15th. They set a “neutral” rating and a $210.00 target price for the company. Finally, TD Securities restated a “buy” rating and issued a $230.00 price target on shares of Palo Alto Networks in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $208.00.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the transaction, the executive vice president owned 101,135 shares in the company, valued at $20,414,099.75. This trade represents a 4.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $198.66, for a total value of $19,866,000.00. Following the sale, the executive vice president directly owned 3,243,516 shares of the company’s stock, valued at $644,356,888.56. This represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 668,722 shares of company stock valued at $121,714,798. Company 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.