GuoLine Advisory Pte Ltd Has $40.86 Million Stake in Palo Alto Networks, Inc. (NASDAQ:PANW)

GuoLine Advisory Pte Ltd grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 19.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,800 shares of the network technology company's stock after purchasing an additional 23,200 shares during the period. Palo Alto Networks comprises 5.0% of GuoLine Advisory Pte Ltd's portfolio, making the stock its 8th largest holding. GuoLine Advisory Pte Ltd's holdings in Palo Alto Networks were worth $40,858,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Frank Rimerman Advisors LLC bought a new stake in Palo Alto Networks during the fourth quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. raised its holdings in Palo Alto Networks by 3,200.0% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 99 shares of the network technology company's stock worth $28,000 after acquiring an additional 96 shares during the period. Webster Bank N. A. lifted its position in Palo Alto Networks by 607.1% during the 4th quarter. Webster Bank N. A. now owns 99 shares of the network technology company's stock worth $29,000 after acquiring an additional 85 shares during the last quarter. Cedar Mountain Advisors LLC boosted its holdings in Palo Alto Networks by 87.0% during the fourth quarter. Cedar Mountain Advisors LLC now owns 101 shares of the network technology company's stock valued at $30,000 after acquiring an additional 47 shares during the period. Finally, Central Bank & Trust Co. grew its position in shares of Palo Alto Networks by 89.3% in the first quarter. Central Bank & Trust Co. now owns 106 shares of the network technology company's stock valued at $30,000 after purchasing an additional 50 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Down 0.5 %

Shares of NASDAQ:PANW traded down $1.81 during trading on Friday, hitting $339.01. 4,169,639 shares of the company's stock were exchanged, compared to its average volume of 4,845,565. The firm has a market cap of $109.77 billion, a P/E ratio of 49.27, a PEG ratio of 4.98 and a beta of 1.10. The firm has a 50-day moving average price of $307.06 and a two-hundred day moving average price of $307.14. Palo Alto Networks, Inc. has a 1-year low of $201.17 and a 1-year high of $380.84.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results on Monday, May 20th. The network technology company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.07. Palo Alto Networks had a net margin of 31.42% and a return on equity of 32.74%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The business's quarterly revenue was up 15.3% compared to the same quarter last year. As a group, research analysts predict that Palo Alto Networks, Inc. will post 2.94 EPS for the current year.

Insider Transactions at Palo Alto Networks

In related news, Director Aparna Bawa sold 322 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $310.00, for a total value of $99,820.00. Following the sale, the director now directly owns 3,767 shares in the company, valued at approximately $1,167,770. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Palo Alto Networks news, Director John P. Key sold 2,163 shares of Palo Alto Networks stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $305.41, for a total transaction of $660,601.83. Following the transaction, the director now directly owns 12,639 shares in the company, valued at $3,860,076.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Aparna Bawa sold 322 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $310.00, for a total value of $99,820.00. Following the completion of the sale, the director now owns 3,767 shares of the company's stock, valued at $1,167,770. The disclosure for this sale can be found here. In the last ninety days, insiders sold 258,182 shares of company stock worth $74,850,597. 3.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PANW has been the subject of several recent analyst reports. Robert W. Baird increased their target price on Palo Alto Networks from $340.00 to $360.00 and gave the company an "outperform" rating in a research note on Thursday. Royal Bank of Canada reduced their price target on shares of Palo Alto Networks from $365.00 to $360.00 and set an "outperform" rating for the company in a report on Tuesday, May 21st. Daiwa America upgraded shares of Palo Alto Networks to a "strong-buy" rating in a report on Wednesday, May 29th. JMP Securities reiterated a "market outperform" rating and issued a $380.00 target price on shares of Palo Alto Networks in a research note on Tuesday, May 21st. Finally, Morgan Stanley restated an "overweight" rating and set a $360.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 12th. Twelve analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Palo Alto Networks has an average rating of "Moderate Buy" and an average price target of $326.29.

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.