Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Acquired by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC lifted its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 112.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,023 shares of the network technology company's stock after purchasing an additional 9,007 shares during the quarter. Insigneo Advisory Services LLC's holdings in Palo Alto Networks were worth $3,097,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SJS Investment Consulting Inc. boosted its position in Palo Alto Networks by 97.2% during the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company's stock valued at $25,000 after acquiring an additional 69 shares in the last quarter. Rakuten Securities Inc. lifted its stake in shares of Palo Alto Networks by 8.4% during the fourth quarter. Rakuten Securities Inc. now owns 906 shares of the network technology company's stock worth $165,000 after buying an additional 70 shares during the period. Cedar Mountain Advisors LLC lifted its holdings in shares of Palo Alto Networks by 70.3% during the fourth quarter. Cedar Mountain Advisors LLC now owns 172 shares of the network technology company's stock worth $31,000 after purchasing an additional 71 shares during the period. Abound Wealth Management increased its stake in shares of Palo Alto Networks by 97.3% in the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock worth $27,000 after acquiring an additional 72 shares during the period. Finally, Kiely Wealth Advisory Group Inc. boosted its stake in shares of Palo Alto Networks by 100.0% in the fourth quarter. Kiely Wealth Advisory Group Inc. now owns 150 shares of the network technology company's stock worth $29,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insiders Place Their Bets

In other news, CAO Josh D. Paul sold 700 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $181.22, for a total transaction of $126,854.00. Following the completion of the transaction, the chief accounting officer now owns 47,976 shares of the company's stock, valued at $8,694,210.72. This represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $165.41, for a total transaction of $16,541,000.00. Following the completion of the sale, the executive vice president now directly owns 3,543,516 shares in the company, valued at $586,132,981.56. This represents a 2.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,039,318 shares of company stock valued at $181,925,602 in the last ninety days. Insiders own 2.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PANW shares. HSBC upgraded Palo Alto Networks from a "reduce" rating to a "hold" rating and set a $156.00 target price on the stock in a research report on Thursday, April 10th. StockNews.com lowered shares of Palo Alto Networks from a "buy" rating to a "hold" rating in a research report on Tuesday, December 24th. Susquehanna raised their target price on Palo Alto Networks from $217.50 to $230.00 and gave the stock a "positive" rating in a research note on Tuesday, February 18th. Rosenblatt Securities reaffirmed a "buy" rating and set a $235.00 price target on shares of Palo Alto Networks in a research report on Monday, March 31st. Finally, Jefferies Financial Group dropped their price objective on Palo Alto Networks from $240.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and an average price target of $203.06.

Palo Alto Networks Price Performance

Shares of PANW stock traded down $2.07 during midday trading on Friday, reaching $167.69. 4,768,742 shares of the company traded hands, compared to its average volume of 5,880,201. The firm's 50 day simple moving average is $180.61 and its two-hundred day simple moving average is $184.71. The firm has a market cap of $111.03 billion, a PE ratio of 94.47, a price-to-earnings-growth ratio of 5.64 and a beta of 1.07. Palo Alto Networks, Inc. has a 1-year low of $137.60 and a 1-year high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. As a group, research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

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.