Aurora Private Wealth Inc. Invests $1.97 Million in Palo Alto Networks, Inc. (NASDAQ:PANW)

Aurora Private Wealth Inc. purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,543 shares of the network technology company's stock, valued at approximately $1,970,000.

A number of other hedge funds have also recently bought and sold shares of PANW. Transce3nd LLC acquired a new position in Palo Alto Networks during the fourth quarter worth $25,000. Strategic Investment Solutions Inc. IL increased its holdings in Palo Alto Networks by 64.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock worth $26,000 after buying an additional 55 shares during the last quarter. Kiely Wealth Advisory Group Inc. increased its holdings in Palo Alto Networks by 100.0% during the fourth quarter. Kiely Wealth Advisory Group Inc. now owns 150 shares of the network technology company's stock worth $29,000 after buying an additional 75 shares during the last quarter. Anchor Investment Management LLC increased its holdings in Palo Alto Networks by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 156 shares of the network technology company's stock worth $28,000 after buying an additional 78 shares during the last quarter. Finally, Capital A Wealth Management LLC acquired a new position in Palo Alto Networks during the fourth quarter worth $29,000. 79.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PANW has been the topic of a number of recent analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $223.00 target price on shares of Palo Alto Networks in a report on Monday, May 19th. Northland Securities reduced their price objective on shares of Palo Alto Networks from $210.00 to $177.00 and set a "market perform" rating for the company in a research report on Wednesday, May 21st. HSBC raised shares of Palo Alto Networks from a "reduce" rating to a "hold" rating and set a $156.00 price objective on the stock in a research report on Thursday, April 10th. Wells Fargo & Company lifted their target price on shares of Palo Alto Networks from $225.00 to $235.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, Stephens cut shares of Palo Alto Networks from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-seven have issued a buy rating to the company's stock. According to MarketBeat.com, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.00.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $151.13, for a total value of $18,252,574.62. Following the completion of the transaction, the executive vice president directly owned 321,774 shares in the company, valued at approximately $48,629,704.62. This represents a 27.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $193.36, for a total transaction of $19,336,000.00. Following the transaction, the executive vice president directly owned 3,343,516 shares of the company's stock, valued at $646,502,253.76. The trade was a 2.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 668,722 shares of company stock valued at $121,714,798 over the last three months. Company insiders own 2.50% of the company's stock.

Palo Alto Networks Stock Performance

Shares of PANW traded up $4.53 during mid-day trading on Friday, reaching $201.50. The company had a trading volume of 2,561,725 shares, compared to its average volume of 5,398,532. The company's 50 day simple moving average is $193.35 and its 200 day simple moving average is $185.44. Palo Alto Networks, Inc. has a 1-year low of $142.01 and a 1-year high of $208.39. The company has a market capitalization of $134.36 billion, a price-to-earnings ratio of 115.14, a P/E/G ratio of 5.63 and a beta of 0.97.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the company posted $0.66 EPS. The firm's quarterly revenue was up 15.3% compared to the same quarter last year. As a group, equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Palo Alto Networks Company 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.