Wealth Alliance Has $1.55 Million Stock Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Wealth Alliance raised its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 85.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,502 shares of the network technology company's stock after buying an additional 3,928 shares during the period. Wealth Alliance's holdings in Palo Alto Networks were worth $1,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SJS Investment Consulting Inc. raised its stake 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 valued at $25,000 after acquiring an additional 69 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in Palo Alto Networks by 113.9% during the third quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company's stock valued at $26,000 after purchasing an additional 41 shares during the last quarter. Valued Wealth Advisors LLC raised its position in shares of 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 purchasing an additional 101 shares during the period. Abound Wealth Management lifted its stake in shares of Palo Alto Networks by 97.3% in the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock worth $27,000 after buying an additional 72 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of Palo Alto Networks by 265.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company's stock worth $27,000 after buying an additional 106 shares during the period. Institutional investors and hedge funds own 79.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PANW. StockNews.com downgraded shares of Palo Alto Networks from a "buy" rating to a "hold" rating in a report on Tuesday, December 24th. BTIG Research cut Palo Alto Networks from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 8th. Wells Fargo & Company lifted their price target on Palo Alto Networks from $208.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $190.00 price objective (down previously from $207.00) on shares of Palo Alto Networks in a research note on Wednesday, January 8th. Finally, Loop Capital reduced their price target on shares of Palo Alto Networks from $385.00 to $180.00 and set a "hold" rating for the company in a report on Tuesday, January 14th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and a consensus target price of $202.70.

Insider Buying and Selling

In other news, EVP Nir Zuk sold 336,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $193.70, for a total value of $65,081,520.00. Following the transaction, the executive vice president now directly owns 3,643,516 shares in the company, valued at $705,730,831.62. This trade represents a 8.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction on 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,458,864 shares of company stock worth $269,397,331 over the last three months. 2.50% of the stock is currently owned by company insiders.

Palo Alto Networks Trading Down 4.1 %

Shares of PANW traded down $8.11 during mid-day trading on Friday, hitting $190.70. 3,641,747 shares of the company traded hands, compared to its average volume of 6,316,542. The stock has a market capitalization of $126.26 billion, a price-to-earnings ratio of 107.41, a PEG ratio of 5.82 and a beta of 1.14. The business has a 50-day moving average of $187.20 and a 200 day moving average of $182.95. Palo Alto Networks, Inc. has a one year low of $132.50 and a one year high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 EPS 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 analyst estimates of $2.24 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. As a group, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.