Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Purchased by Bokf Na

BOKF NA grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 85.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,776 shares of the network technology company's stock after purchasing an additional 29,788 shares during the quarter. BOKF NA's holdings in Palo Alto Networks were worth $11,233,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PANW. SJS Investment Consulting Inc. raised 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 last quarter. Transce3nd LLC purchased a new position in shares of Palo Alto Networks in the 4th quarter valued at approximately $25,000. Valued Wealth Advisors LLC boosted its stake in Palo Alto Networks by 246.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company's stock worth $26,000 after purchasing an additional 101 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its position in Palo Alto Networks by 64.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock worth $26,000 after purchasing an additional 55 shares during the last quarter. Finally, Abound Wealth Management increased its stake 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 in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Stock Performance

NASDAQ PANW traded down $1.60 during trading on Friday, reaching $186.93. 3,209,190 shares of the company's stock were exchanged, compared to its average volume of 5,728,123. Palo Alto Networks, Inc. has a 1 year low of $142.01 and a 1 year high of $208.39. The stock has a market cap of $123.77 billion, a P/E ratio of 105.31, a price-to-earnings-growth ratio of 5.64 and a beta of 1.02. The company has a 50 day moving average price of $176.02 and a two-hundred day moving average price of $184.73.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. Research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PANW. Royal Bank of Canada reissued an "outperform" rating and set a $225.00 price objective on shares of Palo Alto Networks in a report on Monday, February 10th. Morgan Stanley cut their price objective on Palo Alto Networks from $230.00 to $205.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Scotiabank lifted their target price on Palo Alto Networks from $200.00 to $225.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Westpark Capital reiterated a "hold" rating and issued a $196.40 price target on shares of Palo Alto Networks in a report on Wednesday, February 12th. Finally, Susquehanna lifted their price objective on shares of Palo Alto Networks from $217.50 to $230.00 and gave the company a "positive" rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $203.06.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $151.13, for a total transaction of $18,252,574.62. Following the completion of the sale, the executive vice president now directly owns 321,774 shares in the company, valued at approximately $48,629,704.62. This trade represents a 27.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nikesh Arora sold 227,414 shares of Palo Alto Networks stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $172.73, for a total value of $39,281,220.22. Following the transaction, the chief executive officer now directly owns 317,571 shares of the company's stock, valued at approximately $54,854,038.83. This represents a 41.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 568,962 shares of company stock worth $96,933,690. 2.50% of the stock is owned by company 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.