Bryn Mawr Capital Management LLC Purchases New Shares in Palo Alto Networks, Inc. (NASDAQ:PANW)

Bryn Mawr Capital Management LLC bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,622 shares of the network technology company's stock, valued at approximately $277,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Uniting Wealth Partners LLC acquired a new position in shares of Palo Alto Networks during the fourth quarter worth approximately $548,000. Rehmann Capital Advisory Group lifted 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 buying an additional 1,226 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in Palo Alto Networks by 94.3% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 11,661 shares of the network technology company's stock valued at $2,122,000 after buying an additional 5,658 shares during the period. Knights of Columbus Asset Advisors LLC lifted its holdings in Palo Alto Networks by 108.1% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 21,354 shares of the network technology company's stock valued at $3,886,000 after buying an additional 11,095 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Palo Alto Networks by 10.8% in the first quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock valued at $2,410,000 after buying an additional 1,374 shares during the period. Institutional investors own 79.82% of the company's stock.

Insider Transactions at Palo Alto Networks

In related news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $198.66, for a total value of $19,866,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Josh D. Paul sold 800 shares of Palo Alto Networks stock in a transaction on Friday, June 20th. The shares were sold at an average price of $201.05, for a total transaction of $160,840.00. Following the completion of the sale, the chief accounting officer owned 42,033 shares in the company, valued at approximately $8,450,734.65. This trade represents a 1.87% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 569,248 shares of company stock valued at $111,279,829. 2.50% of the stock is currently owned by insiders.

Palo Alto Networks Trading Up 1.9%

Shares of PANW stock traded up $3.69 during trading hours on Thursday, hitting $196.28. 4,297,753 shares of the company's stock were exchanged, compared to its average volume of 5,411,936. The company has a market capitalization of $130.88 billion, a PE ratio of 112.16, a PEG ratio of 5.38 and a beta of 0.97. Palo Alto Networks, Inc. has a 12-month low of $142.01 and a 12-month high of $208.39. The business's 50 day simple moving average is $195.25 and its 200-day simple moving average is $185.85.

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 EPS for the quarter, topping the consensus estimate 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 firm 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 firm posted $0.66 earnings per share. The business's revenue was up 15.3% compared to the same quarter last year. Equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on PANW. Rosenblatt Securities reiterated a "buy" rating and issued a $235.00 target price on shares of Palo Alto Networks in a report on Tuesday, May 20th. Hsbc Global Res upgraded shares of Palo Alto Networks from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 10th. Stephens downgraded shares of Palo Alto Networks from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Cantor Fitzgerald reissued an "overweight" rating and set a $223.00 price objective on shares of Palo Alto Networks in a research report on Monday, May 19th. Finally, Morgan Stanley lowered their price objective on shares of Palo Alto Networks from $230.00 to $205.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $208.00.

About Palo Alto Networks

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.