TKG Advisors LLC Acquires 1,866 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

TKG Advisors LLC grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 193.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,829 shares of the network technology company's stock after purchasing an additional 1,866 shares during the quarter. TKG Advisors LLC's holdings in Palo Alto Networks were worth $531,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Swedbank AB boosted its holdings in Palo Alto Networks by 19.7% in the 3rd quarter. Swedbank AB now owns 786,574 shares of the network technology company's stock valued at $268,851,000 after purchasing an additional 129,371 shares during the period. Howard Capital Management Group LLC raised its position in shares of Palo Alto Networks by 1.5% during the third quarter. Howard Capital Management Group LLC now owns 106,248 shares of the network technology company's stock valued at $36,316,000 after buying an additional 1,619 shares during the last quarter. Koss Olinger Consulting LLC bought a new stake in shares of Palo Alto Networks in the third quarter valued at about $202,000. Whittier Trust Co. grew its position in Palo Alto Networks by 5.0% during the third quarter. Whittier Trust Co. now owns 6,541 shares of the network technology company's stock worth $2,236,000 after buying an additional 310 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Palo Alto Networks by 2.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 6,003 shares of the network technology company's stock worth $2,052,000 after buying an additional 157 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on PANW. Morgan Stanley upped their price target on Palo Alto Networks from $223.00 to $230.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Hsbc Global Res lowered Palo Alto Networks from a "hold" rating to a "moderate sell" rating in a research note on Friday, November 22nd. Scotiabank raised their target price on Palo Alto Networks from $200.00 to $225.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. Barclays lowered their price target on shares of Palo Alto Networks from $425.00 to $213.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Finally, Loop Capital reduced their price objective on shares of Palo Alto Networks from $385.00 to $180.00 and set a "hold" rating for the company in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Palo Alto Networks presently has an average rating of "Moderate Buy" and an average price target of $202.70.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Nir Zuk sold 336,000 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $193.70, for a total value of $65,081,520.00. Following the completion of the transaction, the executive vice president now directly owns 3,643,516 shares of the company's stock, valued at approximately $705,730,831.62. This trade represents a 8.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total transaction of $126,854.00. Following the sale, the chief accounting officer now directly owns 47,976 shares in the company, valued at $8,694,210.72. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,458,864 shares of company stock worth $269,397,331. Insiders own 2.50% of the company's stock.

Palo Alto Networks Trading Down 3.9 %

Shares of PANW stock traded down $7.78 during trading hours on Friday, hitting $191.03. 5,451,305 shares of the company were exchanged, compared to its average volume of 6,377,549. The company has a market capitalization of $126.48 billion, a PE ratio of 107.62, a PEG ratio of 5.82 and a beta of 1.14. Palo Alto Networks, Inc. has a 52 week low of $132.50 and a 52 week high of $208.39. The business has a 50 day moving average of $187.20 and a two-hundred day moving average of $182.95.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.06. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. On average, research analysts forecast 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.