Palo Alto Networks, Inc. (NASDAQ:PANW) Stock Holdings Increased by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. grew its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 82.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,027 shares of the network technology company's stock after purchasing an additional 3,619 shares during the period. Argonautica Private Wealth Management Inc.'s holdings in Palo Alto Networks were worth $1,370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Uniting Wealth Partners LLC purchased a new position in shares of Palo Alto Networks during the 4th quarter worth about $548,000. Rehmann Capital Advisory Group grew its holdings in Palo Alto Networks by 106.4% in the fourth quarter. Rehmann Capital Advisory Group now owns 2,378 shares of the network technology company's stock valued at $433,000 after purchasing an additional 1,226 shares during the period. GAMMA Investing LLC increased its position in Palo Alto Networks by 10.8% during the first quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock worth $2,410,000 after purchasing an additional 1,374 shares during the last quarter. Diligent Investors LLC raised its stake in Palo Alto Networks by 100.0% during the fourth quarter. Diligent Investors LLC now owns 3,430 shares of the network technology company's stock worth $624,000 after purchasing an additional 1,715 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Palo Alto Networks by 8.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 137,663 shares of the network technology company's stock valued at $23,491,000 after purchasing an additional 10,180 shares during the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Rosenblatt Securities restated a "buy" rating and set a $235.00 price objective on shares of Palo Alto Networks in a report on Tuesday, May 20th. Cantor Fitzgerald restated an "overweight" rating and set a $223.00 price target on shares of Palo Alto Networks in a research note on Monday, May 19th. Stephens lowered Palo Alto Networks from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Guggenheim reiterated a "sell" rating and set a $130.00 target price on shares of Palo Alto Networks in a report on Wednesday, May 21st. Finally, Jefferies Financial Group increased their price objective on shares of Palo Alto Networks from $225.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and an average target price of $209.42.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $198.66, for a total transaction of $19,866,000.00. Following the completion of the transaction, the executive vice president owned 3,243,516 shares in the company, valued at $644,356,888.56. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Josh D. Paul sold 600 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $204.00, for a total value of $122,400.00. Following the completion of the sale, the chief accounting officer directly owned 41,433 shares in the company, valued at $8,452,332. This represents a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 569,248 shares of company stock worth $111,279,829. Corporate insiders own 2.50% of the company's stock.

Palo Alto Networks Stock Up 1.0%

PANW stock traded up $2.11 during trading on Friday, hitting $203.27. 3,457,359 shares of the company's stock traded hands, compared to its average volume of 4,288,193. The stock has a market capitalization of $135.54 billion, a price-to-earnings ratio of 116.15, a price-to-earnings-growth ratio of 5.62 and a beta of 0.97. Palo Alto Networks, Inc. has a 52 week low of $142.01 and a 52 week high of $208.39. The stock has a fifty day moving average price of $196.14 and a two-hundred day moving average price of $186.53.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The network technology company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. Palo Alto Networks had a net margin of 13.95% and a return on equity of 19.48%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The company's revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal 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.