Silver Oak Securities Incorporated Has $728,000 Stock Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Silver Oak Securities Incorporated boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 177.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,168 shares of the network technology company's stock after acquiring an additional 1,387 shares during the period. Silver Oak Securities Incorporated's holdings in Palo Alto Networks were worth $728,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC raised its position in shares of Palo Alto Networks by 352.6% during the 3rd quarter. Sound Income Strategies LLC now owns 86 shares of the network technology company's stock valued at $29,000 after acquiring an additional 67 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of Palo Alto Networks during the first quarter worth $25,000. First PREMIER Bank lifted its position in shares of Palo Alto Networks by 48.4% in the 3rd quarter. First PREMIER Bank now owns 95 shares of the network technology company's stock worth $32,000 after buying an additional 31 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in shares of Palo Alto Networks by 1,111.1% in the 1st quarter. Cape Investment Advisory Inc. now owns 109 shares of the network technology company's stock valued at $31,000 after buying an additional 100 shares during the period. Finally, New England Capital Financial Advisors LLC grew its position in shares of Palo Alto Networks by 833.3% during the 1st quarter. New England Capital Financial Advisors LLC now owns 112 shares of the network technology company's stock valued at $32,000 after buying an additional 100 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Citigroup lifted their target price on Palo Alto Networks from $385.00 to $395.00 and gave the company a "buy" rating in a research note on Tuesday, August 20th. Robert W. Baird upped their price objective on Palo Alto Networks from $360.00 to $375.00 and gave the stock an "outperform" rating in a research note on Friday, August 16th. TD Cowen raised their target price on Palo Alto Networks from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Tuesday, August 20th. Sanford C. Bernstein upped their price target on shares of Palo Alto Networks from $364.00 to $399.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 20th. Finally, BMO Capital Markets lifted their price objective on shares of Palo Alto Networks from $334.00 to $390.00 and gave the company an "outperform" rating in a research report on Tuesday, August 20th. Eleven research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $376.82.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 81,586 shares of the company's stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $367.99, for a total value of $30,022,832.14. Following the transaction, the chief executive officer now directly owns 618,715 shares of the company's stock, valued at $227,680,932.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Nir Zuk sold 36,000 shares of Palo Alto Networks stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $332.50, for a total value of $11,970,000.00. Following the completion of the sale, the executive vice president now owns 1,115,567 shares of the company's stock, valued at approximately $370,926,027.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nikesh Arora sold 81,586 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $367.99, for a total transaction of $30,022,832.14. Following the transaction, the chief executive officer now directly owns 618,715 shares in the company, valued at $227,680,932.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 351,452 shares of company stock valued at $118,643,279. Insiders own 3.30% of the company's stock.

Palo Alto Networks Trading Up 0.5 %

NASDAQ PANW traded up $1.86 during trading on Friday, reaching $366.44. 1,347,173 shares of the company's stock were exchanged, compared to its average volume of 3,983,600. Palo Alto Networks, Inc. has a fifty-two week low of $233.81 and a fifty-two week high of $384.00. The company's fifty day simple moving average is $351.91 and its 200-day simple moving average is $326.46. The firm has a market capitalization of $119.31 billion, a PE ratio of 50.54, a P/E/G ratio of 5.45 and a beta of 1.13.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Monday, August 19th. The network technology company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.10. Palo Alto Networks had a net margin of 32.11% and a return on equity of 26.83%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The firm's revenue was up 12.1% on a year-over-year basis. Equities analysts forecast that Palo Alto Networks, Inc. will post 3.57 EPS for the current fiscal 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.