ROI Financial Advisors LLC Boosts Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

ROI Financial Advisors LLC boosted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 95.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,637 shares of the network technology company's stock after buying an additional 13,040 shares during the period. Palo Alto Networks accounts for about 3.3% of ROI Financial Advisors LLC's investment portfolio, making the stock its 12th biggest holding. ROI Financial Advisors LLC's holdings in Palo Alto Networks were worth $4,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of PANW. Orion Investment Co boosted its position in Palo Alto Networks by 108.8% during the fourth quarter. Orion Investment Co now owns 7,067 shares of the network technology company's stock valued at $1,286,000 after purchasing an additional 3,682 shares in the last quarter. Smith Moore & CO. boosted its holdings in shares of Palo Alto Networks by 104.3% in the 4th quarter. Smith Moore & CO. now owns 3,526 shares of the network technology company's stock valued at $642,000 after buying an additional 1,800 shares in the last quarter. Prudential PLC boosted its holdings in shares of Palo Alto Networks by 94.6% in the 4th quarter. Prudential PLC now owns 72,326 shares of the network technology company's stock valued at $13,160,000 after buying an additional 35,168 shares in the last quarter. Thoroughbred Financial Services LLC grew its position in shares of Palo Alto Networks by 87.0% in the 4th quarter. Thoroughbred Financial Services LLC now owns 8,536 shares of the network technology company's stock worth $1,553,000 after buying an additional 3,971 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Palo Alto Networks by 86.3% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,446 shares of the network technology company's stock worth $627,000 after acquiring an additional 1,596 shares in the last quarter. Institutional investors own 79.82% of the company's stock.

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Insider Activity

In other Palo Alto Networks 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 value of $126,854.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lee Klarich sold 120,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $179.70, for a total transaction of $21,564,000.00. Following the transaction, the executive vice president now owns 365,856 shares in the company, valued at approximately $65,744,323.20. The trade was a 24.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,114,786 shares of company stock worth $200,426,637 over the last three months. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Stock Performance

PANW traded down $11.60 during trading on Friday, reaching $153.57. The company's stock had a trading volume of 8,982,361 shares, compared to its average volume of 5,870,661. The company's fifty day moving average price is $185.60 and its 200-day moving average price is $185.10. Palo Alto Networks, Inc. has a 52-week low of $132.83 and a 52-week high of $208.39. The company has a market capitalization of $101.68 billion, a price-to-earnings ratio of 86.52, a price-to-earnings-growth ratio of 5.64 and a beta of 1.04.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.06. The firm had revenue of $2.26 billion for 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%. Equities analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PANW shares. Scotiabank lifted their price target on shares of Palo Alto Networks from $200.00 to $225.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Evercore ISI dropped their target price on Palo Alto Networks from $455.00 to $230.00 and set an "outperform" rating on the stock in a research note on Tuesday, December 31st. Jefferies Financial Group decreased their price target on Palo Alto Networks from $240.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, March 31st. BTIG Research lowered Palo Alto Networks from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 8th. Finally, Barclays decreased their price objective on shares of Palo Alto Networks from $425.00 to $213.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $204.27.

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.