Personal CFO Solutions LLC Boosts Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Personal CFO Solutions LLC raised its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 16.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,361 shares of the network technology company’s stock after acquiring an additional 193 shares during the period. Personal CFO Solutions LLC’s holdings in Palo Alto Networks were worth $232,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Transce3nd LLC bought a new position in shares of Palo Alto Networks during the fourth quarter valued at about $25,000. Strategic Investment Solutions Inc. IL raised its stake in shares of Palo Alto Networks by 64.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 55 shares during the last quarter. Anchor Investment Management LLC raised its stake in shares of Palo Alto Networks by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 156 shares of the network technology company’s stock valued at $28,000 after acquiring an additional 78 shares during the last quarter. Kiely Wealth Advisory Group Inc. raised its stake 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 valued at $29,000 after acquiring an additional 75 shares during the last quarter. Finally, Capital A Wealth Management LLC bought a new position in shares of Palo Alto Networks during the fourth quarter valued at about $29,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. TD Securities reaffirmed a “buy” rating and set a $230.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Wells Fargo & Company upped their price objective on shares of Palo Alto Networks from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. decreased their price target on shares of Palo Alto Networks from $225.00 to $221.00 and set an “overweight” rating for the company in a research note on Wednesday, May 21st. KeyCorp reissued an “overweight” rating and issued a $220.00 price target on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Finally, Guggenheim reissued a “sell” rating and issued a $130.00 price target on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $208.00.

Palo Alto Networks Stock Up 1.0%

NASDAQ:PANW opened at $206.06 on Thursday. The firm has a market capitalization of $137.40 billion, a price-to-earnings ratio of 117.75, a price-to-earnings-growth ratio of 5.69 and a beta of 0.97. Palo Alto Networks, Inc. has a twelve month low of $142.01 and a twelve month high of $208.39. The stock’s 50 day moving average price is $194.93 and its two-hundred day moving average price is $185.76.

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

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 3,243,516 shares in the company, valued at approximately $644,356,888.56. This trade represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $201.85, for a total value of $1,009,250.00. Following the completion of the transaction, the executive vice president owned 101,135 shares of the company’s stock, valued at $20,414,099.75. This represents a 4.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 669,248 shares of company stock worth $127,820,829 over the last quarter. 2.50% of the stock is currently owned by company insiders.

Palo Alto Networks Company Profile

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.