Palo Alto Networks, Inc. (NASDAQ:PANW) is Proactive Wealth Strategies LLC's 10th Largest Position

Proactive Wealth Strategies LLC boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 103.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,218 shares of the network technology company's stock after acquiring an additional 10,771 shares during the period. Palo Alto Networks accounts for 2.0% of Proactive Wealth Strategies LLC's investment portfolio, making the stock its 10th largest holding. Proactive Wealth Strategies LLC's holdings in Palo Alto Networks were worth $3,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in PANW. SJS Investment Consulting Inc. lifted its stake in Palo Alto Networks by 97.2% in the fourth quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company's stock valued at $25,000 after buying an additional 69 shares during the period. Capital Advisors Ltd. LLC lifted its stake in Palo Alto Networks by 113.9% in the third quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company's stock valued at $26,000 after buying an additional 41 shares during the period. Valued Wealth Advisors LLC lifted its stake in Palo Alto Networks by 246.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company's stock valued at $26,000 after buying an additional 101 shares during the period. Abound Wealth Management lifted its stake in Palo Alto Networks by 97.3% in the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock valued at $27,000 after buying an additional 72 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC lifted its stake in Palo Alto Networks by 265.0% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company's stock valued at $27,000 after buying an additional 106 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PANW. Susquehanna upped their target price on Palo Alto Networks from $217.50 to $230.00 and gave the stock a "positive" rating in a research report on Tuesday. Loop Capital lowered their target price on Palo Alto Networks from $385.00 to $180.00 and set a "hold" rating on the stock in a research report on Tuesday, January 14th. JMP Securities upped their target price on Palo Alto Networks from $208.00 to $212.00 and gave the stock a "market outperform" rating in a research report on Friday, February 14th. Rosenblatt Securities upped their target price on Palo Alto Networks from $212.50 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, OTR Global reaffirmed a "negative" rating on shares of Palo Alto Networks in a research report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $202.70.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 490,723 shares of Palo Alto Networks stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $182.45, for a total transaction of $89,532,411.35. Following the completion of the transaction, the chief executive officer now owns 1,086,404 shares in the company, valued at approximately $198,214,409.80. The trade was a 31.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total value of $126,854.00. Following the transaction, the chief accounting officer now owns 47,976 shares of the company's stock, valued at $8,694,210.72. The trade was a 1.44 % decrease in their position. 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. 2.50% of the stock is currently owned by insiders.

Palo Alto Networks Stock Performance

PANW traded down $7.94 on Friday, hitting $190.87. 3,317,805 shares of the company were exchanged, compared to its average volume of 6,309,446. The firm has a fifty day simple moving average of $187.20 and a two-hundred day simple moving average of $182.95. Palo Alto Networks, Inc. has a 12 month low of $132.50 and a 12 month high of $208.39. The stock has a market capitalization of $126.37 billion, a PE ratio of 107.54, a price-to-earnings-growth ratio of 5.82 and a beta of 1.14.

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

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.