Strategies Wealth Advisors LLC Takes $698,000 Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Strategies Wealth Advisors LLC acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,544 shares of the network technology company's stock, valued at approximately $698,000.

A number of other institutional investors also recently modified their holdings of PANW. SJS Investment Consulting Inc. grew its position 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 buying an additional 69 shares during the last quarter. Valued Wealth Advisors LLC boosted its holdings 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 acquiring an additional 101 shares in the last quarter. Abound Wealth Management increased its position in Palo Alto Networks by 97.3% during the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock valued at $27,000 after purchasing an additional 72 shares during the period. Atlantic Edge Private Wealth Management LLC raised its holdings in 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 worth $27,000 after purchasing an additional 106 shares in the last quarter. Finally, Kiely Wealth Advisory Group Inc. lifted its position in shares of 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 currently owned by hedge funds and other institutional investors.

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Palo Alto Networks Stock Up 1.0 %

NASDAQ:PANW traded up $1.64 during mid-day trading on Monday, hitting $169.98. 5,098,383 shares of the company traded hands, compared to its average volume of 5,901,559. The stock's fifty day moving average price is $181.95 and its 200-day moving average price is $184.92. Palo Alto Networks, Inc. has a one year low of $135.18 and a one year high of $208.39. The firm has a market cap of $112.54 billion, a price-to-earnings ratio of 95.76, a price-to-earnings-growth ratio of 5.64 and a beta of 1.07.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. Equities analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

PANW has been the subject of a number of research reports. UBS Group increased their price target 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. Evercore ISI reduced their price target 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. Westpark Capital reissued a "hold" rating and set a $196.40 price objective on shares of Palo Alto Networks in a research report on Wednesday, February 12th. KeyCorp upped their target price on shares of Palo Alto Networks from $217.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $190.00 price objective (down previously from $207.00) on shares of Palo Alto Networks in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $204.52.

Insider Activity at Palo Alto Networks

In other news, EVP Lee Klarich sold 99,707 shares of Palo Alto Networks stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $182.45, for a total transaction of $18,191,542.15. Following the sale, the executive vice president now owns 358,197 shares in the company, valued at $65,353,042.65. This trade represents a 21.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Nikesh Arora sold 490,723 shares of the business's 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 directly owns 1,086,404 shares in the company, valued at $198,214,409.80. This trade represents a 31.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,039,318 shares of company stock worth $181,925,602. 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.