RFG Bristol Wealth Advisors LLC Purchases Shares of 10,806 Palo Alto Networks, Inc. (NASDAQ:PANW)

RFG Bristol Wealth Advisors LLC purchased a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,806 shares of the network technology company's stock, valued at approximately $1,966,000.

A number of other institutional investors have also modified their holdings of PANW. SJS Investment Consulting Inc. grew its stake in Palo Alto Networks by 97.2% during the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company's stock worth $25,000 after buying an additional 69 shares during the last quarter. Valued Wealth Advisors LLC grew its stake in shares of Palo Alto Networks by 246.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company's stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Abound Wealth Management increased its holdings in shares of Palo Alto Networks by 97.3% during the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock valued at $27,000 after acquiring an additional 72 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in shares of Palo Alto Networks by 265.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company's stock valued at $27,000 after purchasing an additional 106 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in Palo Alto Networks by 102.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company's stock worth $28,000 after purchasing an additional 79 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

PANW has been the subject of several research reports. UBS Group lifted their price objective on shares of Palo Alto Networks from $190.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Guggenheim downgraded Palo Alto Networks from a "neutral" rating to a "sell" rating and set a $130.00 price target on the stock. in a research note on Monday, January 6th. StockNews.com cut Palo Alto Networks from a "buy" rating to a "hold" rating in a research note on Tuesday, December 24th. Citigroup upped their target price on Palo Alto Networks from $205.00 to $220.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley set a $230.00 price target on shares of Palo Alto Networks in a research report on Tuesday, March 18th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Palo Alto Networks has an average rating of "Moderate Buy" and an average target price of $204.27.

Palo Alto Networks Trading Up 1.1 %

Palo Alto Networks stock traded up $1.87 during mid-day trading on Wednesday, hitting $173.18. The company's stock had a trading volume of 3,338,552 shares, compared to its average volume of 5,881,771. The stock's fifty day moving average is $186.72 and its two-hundred day moving average is $185.38. The firm has a market capitalization of $114.66 billion, a PE ratio of 97.57, a price-to-earnings-growth ratio of 5.64 and a beta of 1.04. Palo Alto Networks, Inc. has a 1 year low of $132.50 and a 1 year high of $208.39.

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 for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.24 billion. On average, equities analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks 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 completion of the transaction, the chief accounting officer now owns 47,976 shares in the company, 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 SEC, which can be accessed through the SEC website. Also, CEO Nikesh Arora sold 235,492 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $183.32, for a total transaction of $43,170,393.44. Following the transaction, the chief executive officer now owns 1,086,404 shares of the company's stock, valued at $199,159,581.28. This trade represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,122,864 shares of company stock valued at $204,315,811 in the last three months. 2.50% of the stock is owned by corporate insiders.

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.