Regal Investment Advisors LLC Increases Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Regal Investment Advisors LLC lifted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 62.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,163 shares of the network technology company's stock after buying an additional 1,605 shares during the quarter. Regal Investment Advisors LLC's holdings in Palo Alto Networks were worth $757,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. SJS Investment Consulting Inc. boosted its holdings in shares of Palo Alto Networks by 97.2% in the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company's stock worth $25,000 after purchasing an additional 69 shares during the period. Rakuten Securities Inc. increased its position in Palo Alto Networks by 8.4% during the fourth quarter. Rakuten Securities Inc. now owns 906 shares of the network technology company's stock valued at $165,000 after acquiring an additional 70 shares during the last quarter. Cedar Mountain Advisors LLC raised its stake in shares of Palo Alto Networks by 70.3% in the fourth quarter. Cedar Mountain Advisors LLC now owns 172 shares of the network technology company's stock valued at $31,000 after acquiring an additional 71 shares during the period. Abound Wealth Management boosted its stake in shares of Palo Alto Networks by 97.3% during the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock worth $27,000 after purchasing an additional 72 shares during the period. Finally, Kiely Wealth Advisory Group Inc. raised its position in Palo Alto Networks by 100.0% in the 4th quarter. Kiely Wealth Advisory Group Inc. now owns 150 shares of the network technology company's stock worth $29,000 after purchasing an additional 75 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Stephens began coverage on Palo Alto Networks in a research note on Tuesday, April 1st. They set an "equal weight" rating and a $205.00 target price on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $225.00 target price on shares of Palo Alto Networks in a research note on Monday, February 10th. Evercore ISI lowered their target price on shares of Palo Alto Networks from $455.00 to $230.00 and set an "outperform" rating for the company in a research note on Tuesday, December 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $223.00 price target on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Finally, JMP Securities boosted their price objective on shares of Palo Alto Networks from $208.00 to $212.00 and gave the company a "market outperform" rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $203.06.

Palo Alto Networks Stock Down 4.4 %

Shares of Palo Alto Networks stock traded down $7.33 on Monday, reaching $160.36. 1,066,262 shares of the stock were exchanged, compared to its average volume of 5,839,778. Palo Alto Networks, Inc. has a twelve month low of $137.60 and a twelve month high of $208.39. The business has a 50 day moving average price of $180.06 and a two-hundred day moving average price of $184.98. The firm has a market capitalization of $106.18 billion, a price-to-earnings ratio of 90.34, a PEG ratio of 5.64 and a beta of 1.07.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.75 by $0.06. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. Research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insiders Place Their Bets

In related 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 transaction of $126,854.00. Following the sale, the chief accounting officer now directly owns 47,976 shares of the company's stock, valued at $8,694,210.72. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nikesh Arora sold 490,723 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $182.45, for a total value of $89,532,411.35. Following the completion of the transaction, the chief executive officer now directly owns 1,086,404 shares of the company's stock, valued at $198,214,409.80. The trade was a 31.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,039,318 shares of company stock valued at $181,925,602. Company insiders own 2.50% of the company's stock.

Palo Alto Networks Company 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.