Lindbrook Capital LLC Raises Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Lindbrook Capital LLC increased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 101.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,748 shares of the network technology company's stock after buying an additional 3,911 shares during the period. Lindbrook Capital LLC's holdings in Palo Alto Networks were worth $1,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Tradewinds LLC. raised its position in shares of Palo Alto Networks by 1.2% in the third quarter. Tradewinds LLC. now owns 2,315 shares of the network technology company's stock worth $791,000 after buying an additional 28 shares in the last quarter. Klingman & Associates LLC raised its position in Palo Alto Networks by 4.2% during the third quarter. Klingman & Associates LLC now owns 750 shares of the network technology company's stock valued at $256,000 after purchasing an additional 30 shares in the last quarter. Carr Financial Group Corp raised its position in Palo Alto Networks by 4.4% during the third quarter. Carr Financial Group Corp now owns 715 shares of the network technology company's stock valued at $244,000 after purchasing an additional 30 shares in the last quarter. First Dallas Securities Inc. raised its position in Palo Alto Networks by 1.4% during the third quarter. First Dallas Securities Inc. now owns 2,130 shares of the network technology company's stock valued at $728,000 after purchasing an additional 30 shares in the last quarter. Finally, Opinicus Capital Inc. raised its position in Palo Alto Networks by 1.5% during the third quarter. Opinicus Capital Inc. now owns 2,138 shares of the network technology company's stock valued at $731,000 after purchasing an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 490,723 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $182.45, for a total value of $89,532,411.35. Following the completion of the sale, the chief executive officer now owns 1,086,404 shares in the company, valued at approximately $198,214,409.80. This represents a 31.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Lee Klarich sold 120,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $179.70, for a total value of $21,564,000.00. Following the completion of the sale, the executive vice president now owns 365,856 shares of the company's stock, valued at $65,744,323.20. The trade was a 24.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,122,864 shares of company stock worth $204,315,811 in the last three months. Corporate insiders own 2.50% of the company's stock.

Palo Alto Networks Trading Down 0.1 %

PANW stock opened at $184.28 on Thursday. The stock's 50 day simple moving average is $186.34 and its 200 day simple moving average is $184.74. The stock has a market capitalization of $122.01 billion, a PE ratio of 103.82, a price-to-earnings-growth ratio of 5.64 and a beta of 1.14. Palo Alto Networks, Inc. has a 12-month low of $132.50 and a 12-month high of $208.39.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PANW shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $190.00 price objective (down previously from $207.00) on shares of Palo Alto Networks in a report on Wednesday, January 8th. Northland Securities reiterated a "market perform" rating and issued a $185.00 price objective (up previously from $175.00) on shares of Palo Alto Networks in a report on Thursday, November 21st. UBS Group lifted their price objective on Palo Alto Networks from $190.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Hsbc Global Res downgraded Palo Alto Networks from a "hold" rating to a "moderate sell" rating in a report on Friday, November 22nd. Finally, 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. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Palo Alto Networks has an average rating of "Moderate Buy" and an average target price of $205.06.

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.

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