Palo Alto Networks, Inc. (NASDAQ:PANW) Stock Holdings Lifted by Ieq Capital LLC

Ieq Capital LLC raised its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 160.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,321 shares of the network technology company's stock after purchasing an additional 62,399 shares during the quarter. Ieq Capital LLC's holdings in Palo Alto Networks were worth $18,436,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Capital Advisors Ltd. LLC boosted its position in Palo Alto Networks by 113.9% in the third quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company's stock valued at $26,000 after buying an additional 41 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Palo Alto Networks in the 3rd quarter valued at $29,000. Strategic Investment Solutions Inc. IL increased its stake in shares of Palo Alto Networks by 177.4% in the third quarter. Strategic Investment Solutions Inc. IL now owns 86 shares of the network technology company's stock worth $29,000 after acquiring an additional 55 shares during the period. True Wealth Design LLC raised its holdings in shares of Palo Alto Networks by 2,933.3% during the third quarter. True Wealth Design LLC now owns 91 shares of the network technology company's stock worth $31,000 after purchasing an additional 88 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in Palo Alto Networks during the third quarter valued at approximately $32,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Nikesh Arora sold 490,723 shares of Palo Alto Networks stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $182.45, for a total transaction of $89,532,411.35. Following the completion of the sale, the chief executive officer now directly owns 1,086,404 shares in the company, valued at approximately $198,214,409.80. This trade represents a 31.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lee Klarich sold 120,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $179.70, for a total transaction of $21,564,000.00. Following the completion of the sale, the executive vice president now directly owns 365,856 shares in the company, valued at approximately $65,744,323.20. The trade was a 24.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,458,864 shares of company stock valued at $269,397,331 in the last ninety days. 2.50% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Down 4.2 %

PANW traded down $8.42 on Friday, reaching $190.39. The company's stock had a trading volume of 3,641,747 shares, compared to its average volume of 6,316,542. Palo Alto Networks, Inc. has a fifty-two week low of $132.50 and a fifty-two week high of $208.39. The stock has a 50 day moving average of $187.20 and a two-hundred day moving average of $182.95. The company has a market capitalization of $126.06 billion, a price-to-earnings ratio of 107.41, a P/E/G ratio of 5.82 and a beta of 1.14.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.06. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. As a group, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Rosenblatt Securities lifted their target price on shares of Palo Alto Networks from $212.50 to $235.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. TD Cowen lifted their price objective on shares of Palo Alto Networks from $200.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, November 21st. KeyCorp increased their target price on shares of Palo Alto Networks from $217.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Wells Fargo & Company raised their target price on Palo Alto Networks from $208.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Finally, BTIG Research cut Palo Alto Networks from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $202.70.

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.