L & S Advisors Inc Buys 31,237 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

L & S Advisors Inc grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 88.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,592 shares of the network technology company's stock after purchasing an additional 31,237 shares during the quarter. Palo Alto Networks makes up about 1.3% of L & S Advisors Inc's portfolio, making the stock its 11th largest position. L & S Advisors Inc's holdings in Palo Alto Networks were worth $12,117,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PANW. SJS Investment Consulting Inc. increased its stake in shares of Palo Alto Networks by 97.2% in 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. Valued Wealth Advisors LLC boosted its position in shares of Palo Alto Networks by 246.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company's stock worth $26,000 after purchasing an additional 101 shares in the last quarter. Abound Wealth Management grew its stake in shares of Palo Alto Networks by 97.3% in the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock valued at $27,000 after buying an additional 72 shares during the period. Atlantic Edge Private Wealth Management LLC raised its stake in Palo Alto Networks by 265.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company's stock worth $27,000 after buying an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its holdings in Palo Alto Networks by 102.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company's stock worth $28,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 79.82% of the company's stock.

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Insider Transactions at Palo Alto Networks

In related news, CAO Josh D. Paul sold 700 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $181.22, for a total transaction of $126,854.00. Following the transaction, the chief accounting officer now directly owns 47,976 shares of the company's stock, valued at approximately $8,694,210.72. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Nikesh Arora sold 235,492 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $183.32, for a total value of $43,170,393.44. Following the completion of the sale, the chief executive officer now owns 1,086,404 shares of the company's stock, valued at $199,159,581.28. The trade was a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,122,864 shares of company stock valued at $204,315,811 in the last quarter. Insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PANW shares. Guggenheim cut Palo Alto Networks from a "neutral" rating to a "sell" rating and set a $130.00 target price on the stock. in a report on Monday, January 6th. BTIG Research lowered shares of Palo Alto Networks from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 8th. Rosenblatt Securities reiterated a "buy" rating and set a $235.00 price objective on shares of Palo Alto Networks in a report on Monday. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $190.00 target price (down previously from $207.00) on shares of Palo Alto Networks in a report on Wednesday, January 8th. Finally, Barclays cut their price target on Palo Alto Networks from $425.00 to $213.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $204.25.

Palo Alto Networks Stock Down 1.2 %

Shares of PANW stock traded down $2.12 on Monday, reaching $170.64. The company's stock had a trading volume of 5,706,218 shares, compared to its average volume of 5,907,888. The company has a market capitalization of $112.98 billion, a P/E ratio of 96.14, a PEG ratio of 5.64 and a beta of 1.04. Palo Alto Networks, Inc. has a 12-month low of $132.50 and a 12-month high of $208.39. The stock's 50 day simple moving average is $187.39 and its 200-day simple moving average is $185.49.

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

Palo Alto Networks 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.