Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC lessened its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 24.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,058 shares of the network technology company's stock after selling 19,450 shares during the quarter. Integrated Advisors Network LLC's holdings in Palo Alto Networks were worth $10,419,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Transce3nd LLC bought a new stake in shares of Palo Alto Networks in the 4th quarter worth about $25,000. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Palo Alto Networks by 64.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock worth $26,000 after acquiring an additional 55 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its stake in Palo Alto Networks by 265.0% in 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. Kiely Wealth Advisory Group Inc. increased its stake in Palo Alto Networks by 100.0% in the 4th 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 period. Finally, Capital Advisors Ltd. LLC increased its stake in Palo Alto Networks by 102.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company's stock worth $28,000 after buying an additional 79 shares during the period. Institutional investors own 79.82% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. TD Securities reaffirmed a "buy" rating and issued a $230.00 price target on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $235.00 price target on shares of Palo Alto Networks in a research note on Tuesday, May 20th. Barclays reduced their price target on shares of Palo Alto Networks from $213.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 21st. Northland Securities reduced their price target on shares of Palo Alto Networks from $210.00 to $177.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company raised their price target on shares of Palo Alto Networks from $225.00 to $235.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, Palo Alto Networks has an average rating of "Moderate Buy" and a consensus price target of $208.00.

Insider Activity

In other Palo Alto Networks news, CEO Nikesh Arora sold 227,414 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were 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 owns 317,571 shares of the company's stock, valued at $54,854,038.83. This represents a 41.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $165.41, for a total transaction of $16,541,000.00. Following the sale, the executive vice president now owns 3,543,516 shares in the company, valued at $586,132,981.56. This trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 789,736 shares of company stock valued at $139,837,528. 2.50% of the stock is currently owned by insiders.

Palo Alto Networks Stock Performance

PANW stock traded down $1.40 during trading on Friday, reaching $196.27. The company had a trading volume of 3,815,861 shares, compared to its average volume of 5,484,807. The firm has a 50-day simple moving average of $184.15 and a 200-day simple moving average of $185.11. The company has a market cap of $130.87 billion, a price-to-earnings ratio of 110.58, a price-to-earnings-growth ratio of 5.64 and a beta of 0.97. Palo Alto Networks, Inc. has a twelve month low of $142.01 and a twelve month high of $208.39.

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 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The business had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.28 billion. During the same period in the previous year, the business posted $0.66 EPS. The business's quarterly revenue was up 15.3% compared to the same quarter last year. Sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current 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.